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Card. >> this now is a duplicate of your credit card. it took two seconds. >> that's it? >> that's it. >> the crooks can then go back to the gas station or anywhere and use the clone of your card as i did here. and sure enough it went through. or they can sell your account information to other criminals in an underground internet chat room. we infiltrated one, and in less than five minutes an identity thief offered me somebody's credit card number. >> oh, my goodness. here it is. >> reporter: to keep this from happening to you, you can literally tug on the card reader before you use it. fake o...

Taking a look at overseas trading. in tokyo, the nikkei added six points. in hong kong the hang seng was down 35. today may be another big day for apple after its stock hit $600 for the first time yesterday before falling back. ipad customers m asia were greeted with cheers as they entered stores to buy the popular new version of the tablet computer. there are long lines right now here in the u.s. as people wait to get their chance. and there is a new tablet reportedly in the works from nokia in finland. the company is working on a device they hope is going to be able to compete with the i...

Clear. one is social. one is work. for the small business owner, they really don't want that line crossed, ultimately because it could come back and hurt their business. >> kim zoller, thank you for your advice. >> thanks so much for having me. new small business apps are released all the time. which are actually the most helpful? here are five apps on-the-go sales people should check out. five, go to meeting is an app that lets you web conference from your smartphone. four, cam card lite saves information internally or in your contacts. three, square will mail you a free card reader that pl...

Transactions are secure. because it p happens at a close proximity to the reader, the card reader or phone reader there are less security concerns here. but there is so much bureaucracy involved here. think about every credit card company, every financial institution. google, amazon, apple and wrestling over standards how to make this ubiquitous and everywhere. you have to get everybody to have a phone that has this technology. and then youster to make sure that all of the retailers have the ability to read the popes and that is works seamlessly and is secure and all that industry coup of thin...

>> i have a cheapskate protector for you. the folks at square, we've had these guys on the show before, our friend jack dorsy, the co-founder of twitter came up with this. this is square, it's a little credit card reader and pops on top much your iphone or ipod touch, you launch the application and say i know you didn't bring any cash with you. you owe me $10. you plug in the amount of money that they owe you right here into the app and then you just swipe the credit card right through the card reader and the money comes out of your account. >> wow, that's frightening. so no longer can i say i...