That may have been true initially, but according to a Square employee I talked to the reader actually has a battery and encrypts the card number before sending it to the phone. Also, each reader has a unique key.
Square added the encryption in the dongles last year. This happened not long after Verifone cited the lack of encryption in an early 2011 FUD campaign against Square.
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That may have been true initially, but according to a Square employee I talked to the reader actually has a battery and encrypts the card number before sending it to the phone. Also, each reader has a unique key.
Square added the encryption in the dongles last year. This happened not long after Verifone cited the lack of encryption in an early 2011 FUD campaign against Square.
http://techcrunch.com/2011/04/28/square-to-beef-up-card-read...
Neat, I forgot that they changed the stuff later on. I suppose the fact that the new one requires a battery bolsters my overall point, anyway.