BARCELONA, Spain--Samsung's next flagship smartphone will play a key role in Visa's mobile payment ambitions.
The two companies unveiled a partnership today in which Samsung would incorporate Visa's PayWave mobile payment applet in its future devices, as well as use Visa to make it easier for customers to tie their Samsung phones to a financial institution and Visa account.
While not referenced specifically, the upcoming Galaxy S4 will be the flagship product for Visa's program, according to a person familiar with the partnership.
Samsung will be part of the Visa Ready Partner Program, which was announced … Read more
BARCELONA, Spain--The hype around mobile payments is just the tip of the iceberg when it comes to the coming transformation for how people purchase goods and services.That's according to Ed McLaughlin, chief emerging payments officer for MasterCard, who spoke with CNET about his company's vision. While at the Mobile World Congress conference, MasterCard unveiled its MasterPass system, which addresses not only mobile payments, but also all forms of digital transactions. MasterPass is designed for purchases made in stores, online, or on the phone. "It's a foundation for moving to a world beyond plastic," McLaughlin … Read more
Tech companies may score a victory in their hopes to get immigration reform passed for skilled tech workers.
President Obama urged Congress today to work on immigration policy that would allow foreign-born startup founders to stay in the country. At the same time, several U.S. senators introduced a bill focusing on the same. As U.S. immigration policy currently stands, U.S.-educated computer programmers and engineers could be deported once finishing school.
"Right now in one of those classrooms there's a student wrestling with how to turn their big idea -- their Intel or Instagram -- … Read more
LAS VEGAS -- It's time to fix a broken immigration system that encourages smart engineers to study at U.S. universities but prevents them from staying afterward, a Republican senator said at the Consumer Electronics Show.
Sen. Jerry Moran from Kansas said here today that he was disappointed Congress hadn't acted on his legislation, called the Startup Act 2.0, which was introduced last spring but has languished in committee.
Engineers and other people in science-related disciplines who are "foreign-born but U.S.-educated" should be allowed to remain here, Moran said. Chile and other countries &… Read more
In its ongoing pursuit to strike back at hackers, U.K. courts have convicted a member of Anonymous for conspiracy.
A London jury found Christopher Weatherhead, a 22-year-old self described "hacktivist," guilty of carrying out a campaign of Distributed Denial of Service attacks against major credit card companies that refused to process online donations to WikiLeaks, according to the U.K.'s Crown Prosecution Service. The conviction came after guilty pleas of three of Weatherhead's co-conspirators.
"Christopher Weatherhead is a cyber criminal who waged a sophisticated and orchestrated campaign of online attacks on the computer systems … Read more
Steve Case, who made his vast fortune as the co-founder of America Online, wants to help America's startup scene flourish. Not the scene in Silicon Valley, but in all the pockets between there and the East Coast -- what he calls the "rise of the rest." Cities like Cleveland, Memphis and Detroit. Through his Washington, D.C-based firm, Revolution, Case has invested in about 25 non-Valley startups, including LivingSocial and the now-public Zipcar.
Visa has finally brought its digital wallet V.me out of beta.
The company announced its move today, saying that the official V.me launch accompanies deals Visa has signed with over 50 financial institutions that will support the platform. The financial institutions, including America First Credit Union, Capitol Federal Savings Bank, and others, combine to service over 55 million people, according to Visa.
Visa has also signed up a host of online merchants, including 1-800-Flowers and Beach Camera, to support V.me.
Like other services, Visa's digital-wallet offering lets customers pay for products without pulling plastic out of … Read more
Questions answered on today's episode of The 404 Show:
- What's the point of having an LCD screen and buttons on my credit card?
Silicon Valley leaders are hoping that immigration reforms known as "Startup Act 2.0," which have been stalled in the U.S. Congress, will fare better under President Obama's second term.
"I think the main issue the tech industry should focus on is Startup Act 2.0," Andreessen Horowitz's Marc Andreessen told CNET yesterday. "That would be amazing not just for Silicon Valley but for American job creation -- since the companies that are founded by skilled immigrants create so many jobs for Americans."
So far, at least, the left coast's … Read more