This is the first EMV payments terminal I've seen that allows PIN entry using a touch screen. Is that really allowed by EMV, as a tamper-evident PIN pad?
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Poynt – Smart payment terminal
31–40 of 81 posts
Re: Poynt – Smart payment terminal
#32Anything to keep the mass from ditching the plastic, cause when that happens, VISA, MC and co are in jeopardy.
The credit card processors do far more than just issue magic pieces of plastic. The plastic itself is probably the least significant aspect of their business model.
The business model relies on a monopoly, an information monopoly. If the mass's interaction at POS is with a software or a hardware that potentially allows id-ing the patron, preferential pricing becomes possible, security is anon issue -- it seriously damages the value of the middleman.
So that the secure element(yeah right) that's on your plastic or your phone only communicates with OSes and HW that limits the ID-ing of the cx and provides the strict minimum of info to your POS is the critical part, in my view.
Re: Poynt – Smart payment terminal
#33Looks cool to me.
Re: Poynt – Smart payment terminal
#34This is the first EMV payments terminal I've seen that allows PIN entry using a touch screen. Is that really allowed by EMV, as a tamper-evident PIN pad?
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Doesn't it make it easier to spy?
Because you know where the numbers of the pin are located, you don't even need to look at the keys, but can easily cover it with your hands to prevent "shoulder surfers".
If I have to look where the keys are located, I can't really cover the pad and it'll be a lot slower and not more secure.
Re: Poynt – Smart payment terminal
#35Earlier quoted context omitted.
The credit card processors do far more than just issue magic pieces of plastic. The plastic itself is probably the least significant aspect of their business model.
The business model relies on a monopoly, an information monopoly. If the mass's interaction at POS is with a software or a hardware that potentially allows id-ing the patron, preferential pricing becomes possible, security is anon issue -- it seriously damages the value of the middleman. So that the secure element(yeah right) that's on your plastic or your phone only communicates with OSes and HW that limits the ID-i…
If privacy were really the concern, people would pay with cash. They always have, and always will. It is accepted everywhere, is the definition of liquidity, and is virtually untraceable. At best, in-person swiping of physical credit cards is a compromise that people make that gives away some of that privacy (your card provides your name, and can be used to verify your address) in exchange for something more valuable:
1) near immediate payment resolution
2) fraud protection
3) insurance against bad products and vendors - you can almost always get your money back if something goes wrong
4) credit accounts
5) points/miles/cash-back, at the expense of the vendor
Re: Poynt – Smart payment terminal
#36If someone from Poynt is on, what are the features that make this better than competing products? I've used Shopify for doing some PoS setups, but I'm having a hard time looking at where Poynt fits in. Other than being cheaper, it lacks some of the things that make Shopify great, namely cash handling and connecting to a back office system.
Hi, I work for Poynt on the PoyntOS and applications. First thing first, Poynt Smart Terminal is a Secure Payment Terminal at the core that provides credit card payment processing functionality to any merchant that needs to accept payments in their stores. This is analogous to the traditional payment terminals that you might probably notice every day at a lot of merchant stores (cafes, salons, grocery stores, etc.).…
Congrats on the launch and new gig! You should update your HN bio ;)
Re: Poynt – Smart payment terminal
#37Interesting merchant terminal -- but it seems to be little more than a pretty rendering and physical mock-up right now. I like how the first guy puts his card in, takes it out AND THEN punches in his PIN, which is exactly how PIN & Chip doesn't work. I would have hoped they'd at least be familiar with the process. It looks to me like a mobile computer strapped to a terminal. I'm not sure why this is better than havin…
Some ATMs require you to take your card out before entering your PIN. Or are they using the magnetic strip?
They're caching the magnetic strip data.
Re: Poynt – Smart payment terminal
#38What's to stop somebody from stealing this right off the counter and gaining access to customers' data?
A very valid concern.
To begin with, while our terminal is Android based we have taken numerous steps to lock this device down. Side loading apks is not possible nor is arbitrary access via adb. On top of that, we take great lengths to protect consumer data. In addition to full PCI compliance data is fully encrypted on the device. And if that's not enough, there are several anti-tamper mechanisms that will trigger and lock down the device even further upon physical instrusion.
In terms of physical theft we are actively looking into an option to physically secure the device (think kensington). Our plan is to have a good solution for this before our merchants go live.
Re: Poynt – Smart payment terminal
#39Interesting merchant terminal -- but it seems to be little more than a pretty rendering and physical mock-up right now. I like how the first guy puts his card in, takes it out AND THEN punches in his PIN, which is exactly how PIN & Chip doesn't work. I would have hoped they'd at least be familiar with the process. It looks to me like a mobile computer strapped to a terminal. I'm not sure why this is better than havin…
Some ATMs require you to take your card out before entering your PIN. Or are they using the magnetic strip?
In the USA you always key in the PIN after swiping/inserting/removing the card.
Re: Poynt – Smart payment terminal
#40I'm unable to watch the video from my Android phone.
Hi, thanks for letting us know -- are you still having problems? We enabled the embedded video on mobile devices a little while ago.