4 ms·
Verifone's CEO Defends Actions Against Square: "It’s a Competitive World."
- phlux 16y agoTranslation: "I am a douchebag" EDIT: CONFIRMED translation: I was told you want to “clear the air” about what VeriFone’s actions last week. No, I don’t think that’s the way I would put it. I believe that’s a direct quote from your PR person. Well, I can’t help what they say.
- lotusleaf1987 16y agoTotally. An unapologetic asshole.
- prodigal_erik 16y ago> VeriFone said the heart of the matter is that there’s no security built inside the dongle to verify that its connecting with the real Square application–and not some knock-off. - from http://emoney.allthingsd.com/20110309/square-says-verifones-accusations-are-not-fair-or-accurate/ http://emoney.allthingsd.com/20110309/square-says-verifones-... earlier Such an effort would be doomed for the same reason that DRM schemes keep failing. Encryption really can't protect data which needs to be decrypted on hardware that's under the attacker's control. No matter what they do, somebody out there would definitely write an app which can fool Square's hardware on a jailbroken phone.
- originalgeek 16y agoWhy aren't they taking issue with every USB card reader you can buy for as little as $30?
- extension 16y agoMissing from this interview is the only question that really matters at this point: why does Verifone think it's important to encrypt data that is emblazoned on the front of the card and then blindly trust the potential attacker to actually use that encryption?