By
Debra KaufmanSeptember 14, 2015
Google now offers Android Pay, a mobile phone payment service similar to Apple Pay. Android Pay works with Visa, American Express, Discover and MasterCard and can be used at more than one million retail locations in the U.S. Android Pay requires a phone that runs Android 4.4 KitKat or newer and has a Near Field Communication (NFC) chip, a feature of most Android phones in the last three years. Android Pay, available in the Google Play app store, will come preloaded in new Android phones. Continue reading Google Unveils Android Pay, Improvement Over Google Wallet
Official FIDO certification for 31 products — from physical devices to login services — has been issued to 18 companies, marking the first certification under the new spec that aims to foster alternatives to password authentication and provide new opportunities for interoperating services. Systems compatible with FIDO can accept logins from any certified device, such as a fingerprint reader or voiceprint detector. Google’s all-purpose login service was certified as a universal two-factor server, and Yubico received certification for two USB security keys. Continue reading FIDO Certification is First Step for a World Without Passwords
By
Meghan CoyleMarch 5, 2015
Banks are scrambling to tighten security measures as Apple’s mobile payments service experiences a growing incidence of fraud. Criminals are lifting credit card numbers and stealing identities through Apple Pay by reportedly exploiting vulnerabilities in the verification process. Some banks may make it too easy for customers to authenticate numbers when adding cards. According to one expert, fraud may account for about 6 percent of Apple Pay transactions, compare to only 0.1 percent of credit card-swiping transactions. Continue reading Apple Pay Mobile Payments Service Experiences Growth in Fraud
By
Rob ScottFebruary 17, 2015
As concerns continue to rise regarding credit card theft and data breaches, Visa and MasterCard have separately announced new plans to increase the security of their customer data. The world’s two largest payment networks will expand their cybersecurity measures for online transactions through new tokenization and biometrics verification technologies. The announcements coincide with increased efforts by the federal government and numerous industries to combat future cyberattacks. Continue reading Visa and MasterCard Unveil Features to Combat Cyberattacks
By
Rob ScottOctober 17, 2014
During a 90-minute event at its headquarters in Cupertino yesterday, Apple unveiled two new iPads (the iPad Air 2, starting at $499, and the iPad mini 3, starting at $399), a 27-inch iMac with 5K Retina display, and its new operating system, OS X Yosemite. CEO Tim Cook explained that the new Apple Pay mobile payment service will launch on Monday with more than 500 partners including American Express, MasterCard and Visa. Cook also said that the Apple Watch would be available early next year. Continue reading Apple Introduces Two New iPads, 5K iMac and OS X Yosemite
By
Rob ScottSeptember 22, 2014
While Apple had a big weekend selling more than 10 million new iPhones, it wasn’t the only tech giant breaking records. Chinese e-commerce company Alibaba Group Holding Ltd. closed its first day of trading on Friday at $93.89 per share, a 38 percent increase from its IPO price, and the biggest first-day jump for an IPO of at least $10 billion. The IPO became the largest ever at $25 billion, after underwriters exercised a greenshoe option to increase the deal size by 15 percent based on strong demand. Continue reading Alibaba Sets World IPO Record After its First Day of Trading
By
Rob ScottSeptember 10, 2014
Apple unveiled its new iPhone 6 and iPhone 6 Plus at a press event in Cupertino yesterday. The next-gen smartphones feature higher resolution displays, improved camera capabilities, and a glass that curves around the sides. The iPhone 6 Plus has a 5.5-inch screen, the largest so far for an Apple phone. The company also introduced the long-awaited Apple Watch, its first major new product since the iPad in 2010. The $349 smartwatch will work with iPhone 5 models and the new iPhones. Continue reading Apple Announces Two New iPhones, Smartwatch and Apple Pay
By
Meghan CoyleSeptember 10, 2014
Home Depot has confirmed that hackers have breached its store payments system and may have stolen up to 60 million credit card numbers. The breach could affect customers who paid with a credit or debit card at any of the 2,157 stores in the U.S. and Canada between April and September. This latest hacking incident has led retailers to speed up the installation of chip-reading credit card terminals at their stores. Credit card companies are also adding security to their cards. Continue reading Recent Home Depot Hack Prompts Retailers to Upgrade Security
By
Rob ScottSeptember 1, 2014
Apple plans to turn its new iPhone into a mobile wallet via partnerships with various banks, payment networks and retailers. The company has agreements with Visa, MasterCard and American Express, according to a person familiar with the plans. The new iPhone, expected to debut at Apple’s September 9 press event, will reportedly make mobile payments easier with a new NFC chip and the company’s Touch ID fingerprint reader. A mobile wallet could help keep consumers within the Apple ecosystem. Continue reading Will Apple’s New iPhone Help Pave the Way for Mobile Wallets?
By
emeadowsFebruary 27, 2013
Visa and MasterCard launched partnerships and technology systems this week intended to make it easier for consumers to make purchases online, via mobile devices, and in stores without having to directly handle a credit card. MasterCard introduced its new MasterPass program that will allow cardholders to store varied card information in a single software program, while Visa has new deals in place to push mobile payments forward. Continue reading Credit Card Companies Target Digital Wallet Applications
By
emeadowsFebruary 14, 2013
Will this actually be the year during which mobile payments take off? “Both Gartner and Forrester have made strong predictions of mobile growth, with Forrester recently saying that the U.S. mobile payments market will hit $90 billion by 2017, a 48 percent compound annual growth rate from the $12.8 billion spent in 2012,” reports ReadWrite. The article highlights four indicators that suggest this might really happen. Continue reading Commerce: Will 2013 Finally Be the Year of Mobile Payments?
By
Phil LelyveldJanuary 10, 2013
Dynamics Inc. is showcasing a credit card “charge plus instant reward” solution that blends a multi-account credit card with a customer profile and purchase-tracking infrastructure. This enables Dynamics’ client companies to instantly offer personally relevant rewards to consumers when they make purchases. The battery-powered card allows users to securely choose from rewards using mechanized buttons on the card. Continue reading CES 2013: Interactive Credit Card Enables Instant Rewards