undrwd
Verifone really went about attacking it's competitor the wrong way.
In the video that demonstrates being able to read the card information with their own iOS app they mention a criminal glass blower buying a TV with your credit card after making a purchase with square.
A glass blower, really, ummmmm let me think when is the last time I made a purchase from a glass blower? Is that a common interaction? I would have thought they would have chosen a common transaction. Street vendor, food stand, but no a glass blower. Very strange.
If you follow startups you'll remember that Jim McKelvey developer of the square hardware in question is a . . . what does he do again . . . oh yeah a software engineer and glass blower.
This appears to be a personal attack on Jim as well as on Square.
I hope verifone enjoys a good laugh on putting a glass blower in their video. Hopefully verifone will be writing Mr. McKelvey a large check after the lawyers are through with this one.
Very poor business practice whether or not
I don't see the download for their skimming app have they taken the app down? Probably a good idea, I doubt the credit card companies will appreciate them providing a skimming app regardless of what reading hardware it's using.
It appears their video has been removed from youtube.com for violating terms of service.
Once it gains traction you'll have a better idea on when to quit your 'day' job or perhaps reduce your hours at your day job.
Checkout the interviews on mixegy.com particularly with Todd Garland he was working a full time job while building buysellads.
http://mixergy.com/buysellads-todd-garland-interview/
I work full time as an engineer and run a web design firm as well as working on a start-up so I'm very busy as well. It's hard work but it pays off.