Why VeriFone's complaint against Square is invalid

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Uploaded by on Mar 9, 2011

This week leading mobile payment provider VeriFone launched a blistering attack on upstart competitor Square, saying that Square's free magnetic stripe reader represents a serious security risk because anyone could use it to steal a person's credit card number.

This video shows why this argument is stupid.

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Science & Technology

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Standard YouTube License

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Uploader Comments (kfury)

  • To anyone out there, just read Square's response.

    squareup.com/letters/security

  • @jorcis67 Yes, Square's response was right on the mark. I was hoping they'd post something along those lines as I was making this.

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All Comments (6)

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  • Internet sales and shipments of post-it notes to Nigeria skyrocket.

  • Love it, much simpler than mine about it :)

  • Very well done, Kevin.

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