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Pay with Loop: mobile payments for unmodified point-of-sale systems

kickstarter.com
1 pointneonkiwi1 comment
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Interesting take on mobile payments. There are a few questions that aren't answered on this project page though.

1. Does a 'recorded' card count as a card-not-present sale?

2. What about card skimming? I would think this sort of broadcast would be easier to pick up with a less-conspicuous skimmer device. Also, if this technique gains popularity we might see people using skimmed cards through this or similar hardware.

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