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Bank of America testing iPhone payment system
Bank of America is testing a new system that will let customers make mobile payments with smartphones, including the iPhone, Reuters reports. Testing has begun in Charlotte, N.C., where the bank is headquartered. Reuters reports the bank is using technology from Paydiant, whose mobile payment solution is in trials with several banks. The system works by printing a QR Code on a receipt or price tag. It's scanned with an iPhone or some Android models and the transaction is launched. QR coding is just one method being studied. Previously, Bank of America explored Near Field Communication (NFC) chips, but appears to be moving on to this technology that doesn't require special hardware, just a high-quality camera phone. Some Apple fans and industry analysts have expected Apple to adopt NFC, but it hasn't happened yet.
Bank of America app allows deposits through your iPhone or iPad
Bank of America isn't the first to implement this, but customers will be happy to see that the latest update to its iOS apps add the ability to make deposits using a camera on the iPhone or iPad. The iPad version came out July 26, and the iPhone update rolled out Tuesday. You need to be enrolled in Bank of America's online banking program, and your transactions are encrypted. The update also adds push notifications and allows you to send money to others using their mobile number or an email address.
Hack adds NFC payment to your iPhone
Apple is rumored to be adding NFC support to the iPhone at some point in the future, but here's a way you can add wireless payments to your iPhone right now. You don't have to solder an NFC chipset, install any applications or even apply a sticker, all you have to do is pop off the back of the iPhone and stick an NFC payment card inside. The procedure is detailed over at Unplggd and it seems easy, once you overcome the fear of cracking the glass back of your iPhone.
Motorola's Atrix Certificate Updater remedies its mobile banking blunder
If you're an Atrix 4G user who has been reeling since your banking apps failed, go ahead and cancel that next therapist appointment -- thankfully for you, a permanent fix is now available in the Android Market. Motorola's Atrix Certificate Updater swaps the troublesome security signatures from v4.1.83 with versions that should play nicely alongside your mobile banking apps. If you're a sucker for punishment and want to restore the v4.1.83 certificates, the change can be reverted by relaunching Motorola's updater. With this misstep out of the way, you can enjoy the Memorial Day holiday and keep your financial life in order -- even while your bank's doors remain tightly locked.
Motorola's Atrix 4G update 4.1.83 breaks the bank (literally)
Fans of mobile banking are discovering harsh surprises after updating their Atrix 4G to v4.1.83. Amongst the numerous improvements in this release (including the widely touted HSUPA fix), Motorola added new SSL certificates to the mix. While such a change would normally be inconsequential, many banking apps have stopped functioning with the new certificates in place -- a rude shock for anyone needing to deposit a paycheck. So far, Moto confirms that American Express, Bank of America, Chase and Discover are affected -- while Wells Fargo and Citibank's apps run just fine. Motorola plans to issue a workaround for affected users, but currently suggests that everyone access their financial institution through Android's web browser. Maybe it's just us, but this sounds like a fine opportunity to take the new Firefox 4 for a spin. [Thanks, David]
RIM, Bank of America partnering up for Mobile Wallet NFC trial
We've known for some time that RIM is going all-in on NFC (isn't everyone?), but we didn't realize they were going retroactive, too. A NFC payment trial coming up involving RIM and Bank of America will allow selected testers to get an NFC-capable back for their Curve 8520 or 8530, Tour 9630, or Bold 9000, 9650, or 9700 -- in other words, most of the company's portrait QWERTY models from the last couple years. You'll also need an active Bank of America account, at which point you'll be able to tap your 'Berry on NFC terminals to get your pay on. The trial starts this spring; no word on when it might be open to everyone. [Thanks, Dylan]
Visa gets Bank of America on board for mobile payments trial, starting in New York next month
It didn't take long for Visa to react to the three-headed beast of AT&T, T-Mobile and Verizon entering the mobile payments arena. The world's foremost payment processing company has just announced that it's about to start a trial of its contactless payment system in partnership with Bank of America. Kicking off in the New York area this September and lasting through the end of the year, the scheme will most likely involve the MicroSD NFC communicator and In2Pay iPhone case that DeviceFidelity has been developing for Visa. No disclosures are being made on the size of this pilot scheme, though we're told that only a "select" group of employees and customers will be getting the mobile payment chips. Don't worry if you miss out on this one, though, as a similar trial is scheduled to begin in October with US Bancorp. That should give you enough time to turn yourself into a high-rolling select customer, right?
HP CEO: "We didn't buy Palm to be in the smartphone business"
You'd think spending a billion dollars on a smartphone company would indicate a desire to, say, make and sell smartphones, but you'd apparently be thinking wrong: HP CEO Mark Hurd just told investors at the Bank of America Merrill Lynch tech conference that his company "didn't buy Palm to be in the smartphone business," and that he's not going to "spend billions of dollars trying to go into the smartphone business; that doesn't in any way make any sense." Yes, that sound you're hearing is Jon Rubinstein's heart breaking into a million tiny pieces. According to Hurd, HP was actually more interested in Palm's IP -- specifically webOS, which he wants to put on "tens of millions of HP small form-factor web-connected devices." Sure, that makes sense, and it lines up perfectly with HP's plan to "double down on webOS" and put it on everything from netbooks and slates to printers, but hey, Mark? You should really look into the smartphone business when you get a second, okay? Just trust us on this one. We didn't buy Palm to be in the smartphone business. And I tell people that, but it doesn't seem to resonate well. We bought it for the IP. The WebOS is one of the two ground-up pieces of software that is built as a web operating environment...We have tens of millions of HP small form factor web-connected devices...Now imagine that being a web-connected environment where now you can get a common look and feel and a common set of services laid against that environment. That is a very value proposition. [Thanks, Steve]
Bloom 'Box' Energy Server hands-on (literally) with video!
So here it is, the now-famous (that was fast) Bloom "Box" Energy Servers -- all five of 'em -- working their magic at eBay's north campus. Not much to look at, but we're happy to say it retains a low temperature -- the only heat we really found was due to direct exposure to the light -- and remains quiet while running. There are vents just underneath the sides where cool air was being pumped out. Of course, its raison d'etre is its ability to more efficiently deliver power, which is not something we can really test ourselves. Bloom Energy showcased a number of customers today -- FedEx, Walmart, Staples, Google, Coca-Cola, Bank of America, Cox, and of course, eBay -- and if the numbers meet their mark, you can color us mighty impressed. You know the drill: gallery below, quick video after the break! %Gallery-86437% %Gallery-86409%
