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For the moment they have an external payment / card terminal; other than the card reader itself, I don't see why an iphone wouldn't work as a formal payment ter
by Cthulhu_ 2y ago
For the moment they have an external payment / card terminal; other than the card reader itself, I don't see why an iphone wouldn't work as a formal payment terminal.
- rswail 2y agoIt already does. Part of the new PCI standard called "Software based PIN entry on COTS" [1] which is also known generically as "PIN on glass". Banks are now offering it to one-person trade companies etc [2]. [1] https://blog.pcisecuritystandards.org/new-faqs-on-software-based-pin-entry-on-cots https://blog.pcisecuritystandards.org/new-faqs-on-software-b... [2] https://www.westpac.com.au/business-banking/merchants-and-payments/eftpos-air-mobile-payments-app/tap-to-pay-on-iphone/ https://www.westpac.com.au/business-banking/merchants-and-pa...