An Open Letter to the Industry and Consumers

Douglas Bergeron, CEO of VeriFone:

Consumer trust is what’s really at stake. If the industry allows Square and other similar attempts to short-circuit security best practices, it will seriously jeopardize the integrity and security of the payment infrastructure and financial systems developed over the last three decades.

Cabel Sasser, of Panic, sums it up nicely:

Ladies and gents: the pathetic, desperate groans of an outpaced, frightened dinosaur, in words.