payments

Google Wallet does a good job of storing passwords but doesn't encrypt the entire credit card number, balance, and other information, a research firm said today after testing the application on a rooted device.

Data that is stored on the device in various SQLite databases in unencrypted form also includes name on the card, the last four digits of the credit card, card limit, expiration date, transaction dates, and locations, ViaForensics said in a report titled "Forensic security analysis of Google Wallet."

In addition, the application created a recoverable image of a credit card that could provide … Read more

Verizon Wireless denied claims that it was blocking the Google Wallet mobile payment application on the upcoming Galaxy Nexus.

"Recent reports that Verizon is blocking Google Wallet on our devices are false," the company said in a statement today. "Verizon does not block applications."

Google Wallet, unlike other applications, needs to be integrated into a secure part of the phone that is proprietary to Verizon, the carrier said. As a result, Verizon and Google are still in commercial talks over the issue.

The issue is a rare instance in which Verizon and Google haven't been … Read more

Shopkick, a mobile check-in and rewards app, and Visa are hoping consumers are in a holiday-shopping mood.

The two companies announced a partnership today to offer a faster way for consumers to earn "kicks"--Shopkick's version of rewards--which can be redeemed for gift cards, gadgets, and other goodies. Shopkick works when a user walks into a retail partner: enter the store and get your kicks. With the new offer, users get additional kicks when they purchase their goods using a linked Visa credit or debit card.

Shopkick gets a major partner in Visa and offers its customers … Read more

"Carry less + live more" is how the RumbaTime Go might be marketed if it gets off the ground.

This standard digital watch comes with a contactless payment chip on the back so you can ditch your wallet. It also has a medical ID number in case you end up on the ground yourself.

It's now a Kickstarter project by RumbaTime, which makes low-cost timepieces that recall the Swatch craze of the 1980s. … Read more

By next year, you'll be able to place an order for a book on Amazon by tapping your smartphone to your ultrabook.

At least, that's what Intel and MasterCard are envisioning. The companies said today they were working jointly to allow customers to pay for online purchases by tapping special MasterCard-powered PayPass cards or phones by their computer.

The introduction of the tap-and-pay feature on the ultrabook underscores the proliferation of devices capable of making and receiving mobile payments, a burgeoning field that has attracted power players such as Google. A smartphone with Google Wallet, for instance, will be able to work with an ultrabook. The feature also comes as more people take to their computers for online transactions instead of heading out to brick-and-mortar stores. … Read more

SAN FRANCISCO--For a guy who's done his share of industry disrupting, Jack Dorsey is sure eager to opine on tech's softer side.

Today at GigaOm's RoadMap conference here, Dorsey took the stage for nearly half an hour and dished mostly about love, empathy, hyper-personalization, fun and whimsy--as it relates to tech of course.

And why not?

As Twitter's co-founder and Square's CEO, Dorsey, 34, is a sort of bon vivant of entrepreneurship. With his hip styling and pithy and sober delivery, he looks and talks the part. As he straddles leadership roles at two of … Read more

Michael Abbott, the CEO of carrier-backed mobile payments joint venture Isis, has an interesting take on rival Google Wallet: "It's the best thing that could happen."

That's not the sort of thing you would expect to hear from the head of a venture that is planning to roll out its own mobile-payment system, designed to allow consumers to tap their phone on special terminals to pay for goods. Abbott, however, holds a longer-term view of the business, and believes that the entry by multiple parties is a good thing. It generates greater consumer awareness, stirs the … Read more

American Express plans to dabble in mobile payments and other forms of digital commerce at an arm's length, preferring to throw cash at startups rather than launch its own major initiatives.

The company said today that it will invest $100 million in startups that are designed to address mobile and online payments, security, reward and loyalty programs, and other forms of digital commerce.

This represents American Express's primary stab at the booming digital-commerce business, a potentially lucrative area that has a large number of players all vying for position. American Express's low-key approach stands in contrast to … Read more

BilltoMobile has been on a roll recently.

The company, which handles purchases of digital goods that customers make on their phone by linking payment to their cell phone bill, just last month signed AT&T as a partner, locking up the fourth and last national wireless carrier. BilltoMobile CEO Jim Greenwell said that the industry is poised to see a rapid explosion of purchases made through the carrier billing model. Rather than enter the credit card information on the phone, a person can use this option to pay for the good and have the expense show up on their … Read more