Exactly. At first, I listened to Veriphone's complaints with an open mind, because credit card fraud is pretty serious.

But then I started thinking, "That's it? A magstripe reader! You can get those anywhere and it will do the exact same thing. Unencrypted."

We had to pick one up for a customer so the can use magstripe time cards. To test it out, we plugged it into a computer, opened Notepad and started scanning anything with a magstripe.