SEATTLE – A new touchscreen payment system – designed to frustrate data thieves -- should start appearing in hundreds of restaurants across the nation over the next few months.
The system, called RAIL, introduces a novel way for restaurant patrons to pay for a meal using a proprietary mobile device designed expressly to frustrate data thieves.
"RAIL allows you to self-swipe your card, which is really important for security, and, just as importantly, the system encrypts each transaction so the restaurant never sees or stores your credit card number," says Joe Snell, co-founder and CEO of Viableware, the Seattle start-up that raised $6 million in funding to develop this new technology over the past 2 years.
