

Pay with Loop: mobile payments for unmodified point-of-sale systems - neonkiwi
http://www.kickstarter.com/projects//loop/pay-with-loop/

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neonkiwi
Interesting take on mobile payments. There are a few questions that aren't
answered on this project page though.

1\. Does a 'recorded' card count as a card-not-present sale?

2\. What about card skimming? I would think this sort of broadcast would be
easier to pick up with a less-conspicuous skimmer device. Also, if this
technique gains popularity we might see people using skimmed cards through
this or similar hardware.

