credit

Visa is adding a wireless twist to the old phrase "Charge It."

The credit card processing giant announced Thursday several initiatives to allow its credit card toting customers the ability to transfer money, make payments, and receive real-time account notification alerts on their Nokia and Android cellular phones. Visa also struck a mobile deal with U.S. Bank.

Under a pilot program with U.S. Bank, which is scheduled to begin by the end of the year, Visa will offer mobile money transfers from one Visa cardholder's account to another. A U.S. Bank Visa cardholder would … Read more

The crisis rocking the U.S. financial sector is rippling into the clean-energy business, bruising more mature industries like wind while leaving young start-ups relatively untouched so far.

The unraveling of debt-heavy investment banking firms--including the demise this week of Wall Street icons Lehman Brothers and Merrill Lynch--means that financing for large-scale renewable energy projects will get harder and more expensive, according to analysts.

"This isn't good news for anybody--it's going to have an impact economy-wide," said Ethan Zindler, head of north American research at New Energy Finance.

New Energy Finance's clean-energy stock index is … Read more

One of the hackers accused of involvement in the massive data breach targeted at T.J. Maxx's parent company, arguably the largest security breach worldwide, reportedly pleaded guilty on Thursday.

Damon Patrick Toey pleaded guilty to wire fraud, credit card fraud, and aggravated identity theft, and will be released subject to electronic monitoring, according to a report on the Wall Street Journal's Web site. Eleven defendants total are facing charges in federal court in Boston.

TJX Companies, the parent company of T.J. Maxx and Marshall's, said in March 2007 that 45.7 million accounts were compromised … Read more

SAN FRANCISCO--The media are responsible, in part, for the lack of greater adoption of mobile payment systems in the United States, a panel of payment leaders said here Thursday at the fall 2008 CTIA.

"I think the media, because they don't understand the technology, and consumers, because they don't understand the technology, have created a hysteria around this," said Barry McCarthy, president of Mobile Solutions for First Data. "I think it's entirely unfounded."

Contactless payment systems use near field communication (NFC), an extension of the ISO 14443 proximity-card standard that allows mobile devices … Read more

This post was updated at 1:50 p.m. PDT to correct the spelling of Tory Belleci's name.

MythBusters co-host Adam Savage is stepping back from public comments suggesting that legal counsel from several credit card companies led the Discovery Channel to pull the plug on an episode dedicated to security holes in RFID.

At the Last HOPE conference in New York in July, Savage told a crowd of several thousand people that his theory on why MythBusters had not gone forward with a planned episode on RFID (radio frequency identification) hackability was that on a conference call to … Read more

Update (Wednesday, 10:58 a.m.): This story now has a link to a new post on this with a statement from MythBusters co-host Adam Savage.

One of the great things about the Discovery Channel show, Mythbusters is that it confronts the realities behind some of the most interesting phenomenons and technologies around.

That's why, reported the Consumerist blog, at a recent conference--it's not clear which one--Mythbusters co-host Adam Savage was asked why the show hasn't tackled the technology behind the security limitations of RFID.

His eyes lighting up at the chance to talk about something that … Read more

If you've used a credit card reader in Ireland recently you may want to call your credit card company and monitor your account.

Scammers posing as bank workers replaced credit card readers in retail stores in northeast Ireland with fake readers that captured the data on as many as 10,000 credit and debit cards, according to an IDG News Service report.

The Bank of Ireland shut down some cards and limited overseas withdrawals, while Ireland's National Police Service launched an investigation.

Criminals can make clone cards with the data they get off the magnetic stripe from the … Read more

According to information found on popular Volkswagen enthusiast site, VW Vortex, Volkswagen of America has announced that owners of the Jetta TDI sedan and SportWagen will be eligible for a $1,300 federal income tax credit. This announcement is affirmed by the Internal Revenue Service, which has issued a certification letter that defines the credit more specifically as the Advanced Lean Burn Technology Motor Vehicle income tax credit.

Factoring in this new tax credit, the clean diesel Jetta is only about $700 more expensive than the gasoline version. While this is good news for VW, it's not like they … Read more

I had a lively discussion with Susan Wood, CEO of SCC Americas, at the Carbon Finance North America Conference last week. SCC Americas is the U.S. arm of Syndicatum Carbon Capital, one of the largest developers of Kyoto-based CDM carbon credit projects in the world. Susan herself has been doing emissions trading for more than a decade, after starting out as an environmental engineer.

The punchline in our chat was quite fascinating--the U.S. voluntary carbon market does not reward complexity in projects, Susan says. Basically, U.S. carbon credit developers are only doing a few limited types of … Read more