Already there is very many dongle’s out there like Square, iZettle, PayPal Here, VeriFone Sail and less known as PayAnywhere, Thumbzup’s Pebble and Payleven and many more.
A lot of talks about the increasing fraud via skimming devices at ATM’s and gas pumps but swiping your card and PIN or sign (or even just enter your card number, CCV and PIN!) on an unknow mobile handset is less talked about.Do consumers and merchants really believe that these are very safe or is it need for education? And what do card issuers do..up to now not much.
I believe there is already big money fraud out there using these and that we soon will here much more about it.