With hacks, stolen credit card data, and identify fraud constantly on the rise, some credit card companies are looking into how to better beef up security.
MasterCard announced Tuesday that it has partnered with mobile technology company Syniverse to make it more difficult for unauthorized users to buy goods with nabbed credit cards. While working to heighten credit card security is nothing new, MasterCard's most recent plan is a bit different because it involves users' smartphone geolocation while they're traveling abroad.
The idea is that a users' credit card cannot be used unless it is within close range … Read more
Samsung unveiled its new Galaxy S5 smartphone on Monday and it's full of bells and whistles, like a bigger display, improved camera, and built-in fingerprint sensor.
By no means is Samsung the first smartphone maker to debut fingerprint authentication, but it has done something different -- the Galaxy S5's sensor will also act as password protection for PayPal payments.
Samsung and PayPal announced Monday that they've partnered on the Galaxy S5 to let users pay for items password-free at all online and brick-and-mortar stores that accept PayPal. Users only need their fingerprint to buy goods.
This type … Read more
Apple doesn't appear to be all that fond of Bitcoin.
The company on Wednesday removed from its App Store the last remaining Bitcoin wallet application, Blockchain. The app allowed Bitcoin owners to store the digital currency and use it for purchases where possible. It was the last of a series of Bitcoin wallet apps Apple has nixed.
In a blog post on Thursday, Blockchain confirmed the news, saying that it was offered "no explanation and no opportunity to address any issues."
"These actions by Apple once again demonstrate the anti-competitive and capricious nature of the App … Read more
What's the next stop for T-Mobile's Uncarrier train? It's the world of mobile banking.
T-Mobile's latest program is Mobile Money, a low-cost way for consumers who don't have a bank account to store, access their money, and pay bills through their phone and a Visa-backed T-Mobile debit card.
T-Mobile is the latest in a wave of companies following the money and attempting to create a digital wallet for its customers, a group that includes larger players such as Google and Visa. T-Mobile is part of Isis, a joint venture with AT&T and Verizon … Read more
Apple has cautiously been dipping its toes into the mobile payments pool. But a freshly-published patent filing describes an entire backend system designed to secure electronic payments made through your phone.
Published Thursday by the US Patent and Trademark Office, a patent dubbed "Method to send payment data through various air interfaces without compromising user data" envisions how electronic transactions would securely travel using your existing mobile phone's technology.
You'd start out by paying for an item using your phone. The retailer's point of sale (POS) device would be connected to a backend system designed … Read more
Last week it was PS4, and this week Microsoft joins in the fun. The Xbox One has officially launched, and you can read our full review here. As I write this I imagine there are eager gamers all over North America running to the window every time they hear a delivery truck. But, an evening Azure outage saw Microsoft engineers running to the server closet the night before. The issues threatened to derail launch proceedings somewhat by knocking Xbox.com offline. The prospect of a non-functioning Xbox Live on release day was extra daunting given the necessity of updating the … Read more
American Express, unlike seemingly everyone else with a stake in the financial world, isn't interested in creating its own digital wallet for mobile payments.
Instead, it is dipping its foot into different facets of the mobile payment world, going for a more neutral stance.
"We want our card members to use their cards in whatever form or technology they choose," said David Yoo, senior vice president of mobile products and services for American Express.
Rather than get involved in the brewing mobile payment wars, which includes rivals such as Visa and MasterCard, but also Google, the wireless … Read more
Isis, the mobile wallet launched by Verizon Wireless, AT&T, and T-Mobile, is off to a rocky start.
The app is getting slammed on the Google Play store, where it is averaging a score of one-and-a-half stars after nearly 1,400 people have weighed in.
Common complaints include the incompatibility of the Isis app with rooted Android phones, as well as the complicated process of getting a special SIM card to run the service.
By requiring a special SIM and a phone compatible with near-field communications (NFC) technology, Isis hasn't made the process for using its digital wallet … Read more