MarginEdge, a restaurant management software company, raises $18M

MarginEdge’s tool is a restaurant management app that works with a business’ point of sale to streamline inventory, cost-tracking, ordering and recipes to eliminate the paperwork. Continue reading MarginEdge, a restaurant management software company, raises $18M

NFC Flaws in POS Devices and ATMs

It’s a series of vulnerabilities:

Josep Rodriguez, a researcher and consultant at security firm IOActive, has spent the last year digging up and reporting vulnerabilities in the so-called near-field communications reader chips used in millions of ATMs and point-of-sale systems worldwide. NFC systems are what let you wave a credit card over a reader — rather than swipe or insert it — to make a payment or extract money from a cash machine. You can find them on countless retail store and restaurant counters, vending machines, taxis, and parking meters around the globe…

Continue reading NFC Flaws in POS Devices and ATMs

Security Issues in PoS Terminals Open Consumers to Fraud

Point-of-sale terminal vendors Verifone and Ingenico have issued mitigations after researchers found the devices use default passwords. Continue reading Security Issues in PoS Terminals Open Consumers to Fraud