Square Reader Stories August 3, 2015

Researchers claim Square readers could be hacked, company responds (updated)

Update: Square has provided us with the following statement on the matter, stating that its products have special security measures and that the described problems are more of an industry-wide issue:

This story is about issues with magnetic-stripe credit cards, not Square. In 2015, it should not surprise us that a system using essentially the same technology as cassette tapes is vulnerable. That is why major credit card companies, lenders, and businesses are now embracing new, more secure, authenticated payment technologies. Square is helping to lead the way with our own card readers for chip cards and contactless payments.
Any card reader on the market can be deconstructed. The chip could be crushed and then reassembled by using the undamaged shell of the reader. At Square, we have processes in place to prevent malicious behavior on damaged readers. Our Square Register software contains a number of security precautions that protect cards that are swiped on unencrypted readers. If our encrypted readers are damaged, they will not work with Square.

A new report out of Motherboard details how three recently graduated Boston University students have been able to easily hack the increasingly popular Square Reader. For those unfamiliar, Square Reader is an iOS accessory that allows retailers to easily accept credit and debit cards without having to spend the money on traditional point of sale terminals. Hackers have now discovered, however, a very easy way for merchants to steal card information from customers.

Square Reader Stories March 29, 2014

Square notifying existing customers to update to new card reader for free

 

Last year we reported how Apple’s former accessory hardware division leader Jesse Dorogusker redesigned the Square reader to make it 45% thinner than the original version. The updated card reader will be replacing the previous model soon, with the older version no longer being supported by the company.

The company has started notifying existing customers that they can get the new Square reader for free by signing into their web dashboard.

Square, which was co-founded in 2010 by Twitter’s Jack Dorsey, allows iOS and Android users to accept credit card payments directly from their mobile devices.

 

 

 

 

 

 

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