What the FUD!?

Update 2: Looks like they got pressured into including encryption… such a useless bunch of juggling [venturebeat.com] If you think Square is any worse than your reader, please send me one of yours for me to make an example of. Seriously. Here’s the problem – if you can read the card, you can see the data on it. That’s it, any encryption is only to keep someone from intercepting that information. Please show me how...