In March 2012, over 6,600 Canadians searched Google for ?Pay by Mobile? The term ?Mobile Payments? was searched for 2,900 times. Should merchants now use mobile smartphones to accept credit card payments? Several Canadian payment processors are seeing the value of accepting credit cards on mobile phone. The term ?Mobile Payment Processing? was searched for… Read More
Last year, a start-up named Square introduced a credit card reader for smartphones with the goal of making it very easy for anyone to accept credit cards through a mobile device. Seems like a great idea, but there is a serious security flaw that Square has overlooked that places consumers in dire risk.