So, on one hand, slick corporate PR. On the other, angry ironic overlay.
The issue I have with Square is that even if the waiter is not skimming, who knows whether software is running on the iPhone that is?
If Square has been certified as compliant at level 1, then their QSA is going to very quickly find themselves out of business. The Square app may well be compliant, but that doesn't change the fact that the hardware dongle is not (according to Verifone)
Because you've heard about man-in-the-middle attacks, whereby your credit card is going over the entire Internet unencrypted, and holy shit, anyone could read it, not just the person I'm trying to pay for my purchase.
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