Posted November 8, 2012, 9:30 AM by Shawn Knight | Filed in Industry News
Near Field Communication has been at the forefront of payment technology for a couple of years now. We’ve seen the tech ship on multiple smartphones to facilitate paying for things at places like gas stations and convenience stores. A new…
Posted August 23, 2012, 9:00 AM by Shawn Knight | Filed in Industry News
PayPal is expanding their presence in the retail sector thanks to a new deal stuck with Discover. The partnership will be the second with a major financial institution as the e-commerce business already has a deal where users can access…
Posted August 21, 2012, 7:30 PM by Shawn Knight | Filed in Industry News
Users of electronic cash protocol Bitcoin might soon have another way to access and spend funds. During a recent IRC chat with BitInstant co-founder Charlie Shrem, it was revealed that his company was 6-8 weeks away from launching a Bitcoin-funded…
Posted June 19, 2012, 9:30 AM by Shawn Knight | Filed in IT Security
A self-proclaimed grey hat hacker known as Reckz0r claims to have accessed nearly 80 large banks, collecting a massive amount of customer data in the process. To verify these claims, the hacker made a plain text file available on AnonFiles.com…
Posted April 2, 2012, 5:30 PM by Shawn Knight | Filed in IT Security
Visa has announced that they are dropping Global Payments as a service provider following a data breach that was publically reported last week. It is now believed that as many as 1.5 million Visa and MasterCard accounts in North America…
The idea of using our smartphone to pay for products, although already widely implemented in some countries, is just starting to gain traction in the U.S. with the launch of Google Wallet. It'll be a while before any mobile wallet…
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