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Monday
Jun212010

Square is fixing "a credit processing and risk issue" before shipping

Square is fixing "a credit processing and risk issue" before shipping

“We need to strengthen our underwriting infrastructure so that we can handle the huge demand for readers and still manage the risk of chargebacks and fraud”Jack Dorsey, Square CEO

Well, this doesn’t look great. Square is apparently holding off shipments of their little card reader because of a hardware shortage (which has since been resolved) but they are still having an issue with “chargebacks and fraud”, which doesn’t sound good - Read more

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