Verifone Warns Users of Square Credit Card Readers

This week Verifone Inc., one of the largest terminal manufactures in the United States, issued a wake up call to everyone who accepts and processes electronic payments.  Just as smartphones have become popular so has the demand to accept credit cards using wireless devices.  In the last couple of years, this demand has had many companies in the payments industry scrambling to build a device that will be the new “it” solution.  One such company that successfully, or so they thought, built a device called the Square.

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