This Week's Sponsor:

Kolide

Ensure that if a device isn’t secure it can’t access your apps.  It’s Device Trust for Okta.


Square Set To Add Encryption To Next Generation Of Card Readers

Yesterday Square revealed that it had received from financial services superpower, Visa, strategic investment of an unspecified size. However in a lower key announcement it also revealed that this summer they will be releasing a new card reader that uses encryption on the read head.

You may recall the little squabble a few months back where VeriFone and Square traded blows over whether the Square card reader was secure enough. VeriFone claimed it wasn’t and that Square should recall all their readers because thieves could easily skim credit card information using the device. Jack Dorsey, CEO of Square, hit back at VeriFone saying it was “not a fair or accurate claim and [that] it overlooks all of the protections already built into your credit card.”

Yet despite all that, Square will soon be addressing those “concerns” that VeriFone had, and release a card reader that employs encryption. The Square COO, Keith Rabois, notes that they are adopting Visa’s newly released (yesterday) mobile application best practices. He says that the “adoption of best practices will help increase trust in innovative payment solutions” although equally stresses that Square currently complies with all industry standards. TechCrunch rightly highlights that it is clearly no coincidence that Square’s endorsement of Visa’s best practices came on the same day as their funding announcement.

TechCrunch inquired as to whether users would have to replace their current readers but Rabois declined to comment specifically but he did continue to affirm Square’s previous rejection of VeriFone’s demand to recall the Square readers. Rabois also noted that encryption will not be the only new feature of the third iteration of readers coming this summer.

[Via TechCrunch]

Unlock More with Club MacStories

Founded in 2015, Club MacStories has delivered exclusive content every week for over six years.

In that time, members have enjoyed nearly 400 weekly and monthly newsletters packed with more of your favorite MacStories writing as well as Club-only podcasts, eBooks, discounts on apps, icons, and services. Join today, and you’ll get everything new that we publish every week, plus access to our entire archive of back issues and downloadable perks.

The Club expanded in 2021 with Club MacStories+ and Club Premier. Club MacStories+ members enjoy even more exclusive stories, a vibrant Discord community, a rotating roster of app discounts, and more. And, with Club Premier, you get everything we offer at every Club level plus an extended, ad-free version of our podcast AppStories that is delivered early each week in high-bitrate audio.

Choose the Club plan that’s right for you:

  • Club MacStories: Weekly and monthly newsletters via email and the web that are brimming with app collections, tips, automation workflows, longform writing, a Club-only podcast, periodic giveaways, and more;
  • Club MacStories+: Everything that Club MacStories offers, plus exclusive content like Federico’s Automation Academy and John’s Macintosh Desktop Experience, a powerful web app for searching and exploring over 6 years of content and creating custom RSS feeds of Club content, an active Discord community, and a rotating collection of discounts, and more;
  • Club Premier: Everything in from our other plans and AppStories+, an extended version of our flagship podcast that’s delivered early, ad-free, and in high-bitrate audio.