@BenBajarin @BrianRoemmele US is not implementing PINs. So, no, they don't need that.
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Replying to @maxrogo
@maxrogo@BenBajarin Mark is 100% correct. The payment card devices are ~$150 wholesale and subsidized by nearly 100% of providers.2 replies 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele@maxrogo so no PIN in U.S? Then why the hardware requirement as a part of shift?1 reply 0 retweets 1 like -
Replying to @BenBajarin
@BenBajarin@BrianRoemmele@maxrogo card read via embedded smart card instead of magstripe. more secure. US mandates only chip+signature1 reply 0 retweets 1 like -
Replying to @rajeshj
@rajeshj@BenBajarin@BrianRoemmele Yes, the chips allow for tokenization and encryption in ways the stripe did not.1 reply 0 retweets 2 likes -
Replying to @maxrogo
@maxrogo@rajeshj@BrianRoemmele ok. Interesting. Meeting with Verifone in a few weeks so will deep dive it.2 replies 0 retweets 3 likes -
Replying to @BenBajarin
@BenBajarin@maxrogo@rajeshj Ben, under any case this shift has a major benefit to Verifone and Ingenico.2 replies 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele@BenBajarin@maxrogo@rajeshj Personal experience is most small merchants are using Square with a tablet. Do you agree?1 reply 0 retweets 1 like -
Replying to @stvnsnthn
@stvnsnthn@BenBajarin@maxrogo@rajeshj Nathan, this is not the case yet with small merchants. Micro-merchants, perhaps.2 replies 0 retweets 1 like -
Replying to @BrianRoemmele
@BrianRoemmele@BenBajarin@maxrogo@rajeshj What are your merchant thresholds? You are probably correct that I'm classifying micro as small1 reply 0 retweets 1 like
@stvnsnthn @BenBajarin @maxrogo @rajeshj Nathan, in most cases Micro-merchants are < $5,000 per month. Some cases <$1,000.
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Replying to @BrianRoemmele
@BrianRoemmele Thanks for the info. Where do you draw the small/medium line?1 reply 0 retweets 1 like -
Replying to @stvnsnthn
@stvnsnthn Nathan, this is more complex it is based on Business type. Not just monthly transaction volume.0 replies 0 retweets 1 like
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