Blinger portable ATM isn't at all relevant, handy
[Via InventorSpot]
Posts with tag cash
Chances are, you had forgotten all about Sony and NXP's little initiative to cooperate on a NFC (near-field communications) standard, but the two seem to have finally worked out all the kinks and are ready to move forward. The joint venture, dubbed Moversa, will seek to "drive global adoption of contactless smart card applications in mobile phones," and it's already planning to develop, produce and market a Universal Secure Access Module (U-SAM) that "incorporates both MIFARE and FeliCa operating systems and applications." Essentially, the duo is hoping to accelerate the adoption of integrated contactless support, which would enable users to make payments (among other things) easily via their handset. If you're curious about availability, we're hearing that samples should be shipped out in mid-2008, but commercial deployments aren't scheduled to happen until the end of next year.
Coincidence or not, Apple has stiffened up the requirements to pick up a new iPhone shortly after announcing that 250,000 or so of the 1.4 million it sold in Q4 went to unlockers. In an admittedly intriguing move, Apple has decided that it will "no longer accept cash for iPhone purchases," and moreover, each individual will only be allowed to buy two (on plastic, of course) in an effort to "stop people from reselling them." More specifically, spokeswoman Natalie Kerris stated that the company is "requiring a credit or debit card for payment to discourage unauthorized resellers," so don't even bother bringing the greenbacks if you're lookin' to grab an iPhone from Apple.
Just when you thought those Nigerian scammers were simply running out of avenues to coerce you into cashing some counterfeit check for $4.98 billion, along comes this. Western Union is apparently buddying up with 35 or so cellphone operators to "develop a system that would allow consumers to transfer money from country to country via their mobile phones." Reportedly, the outfit has successfully tested the service in a number of US cities, and if everything goes as planned, it could launch in Q2 of 2008. Notably, it still sounds like an actual human will be a part of the process, as the system will purportedly "connect the user to a company operator to complete the transaction." Quite frankly, we appreciate the convenience of such a service, but don't you go falling for any sappy stories of long-lost cousins needing your help to funnel in millions as you ride to work, alright?
We've seen a number of somewhat innocent (and equally wily) hacks that save the little man a dime or two, but never quite so literally as this one. CoinStar machines -- best known for charging a whopping nine percent or so for the convenience of counting our coins for us -- have apparently been outsmarted, making the green machine convert your coins to dollars gratis (without going through the process of getting a gift card). Hit the read link to find out more.
With all the chicanery that's been going on with ATMs of late, it looks like the machines are finally getting back at the humans. In a move that's already confusing creatures of habit, envelope-free ATMs are starting to pop up in highly-trafficked areas, and as the name implies, they require that your deposits not be stuffed into an envelope beforehand. Diebold, NCR, and, Wincor Nixdorf (among others) are beginning to roll out these newfangled machines, which cost some 20-percent more than typical ATMs and sport specialized scanners that can detect how much cash you're actually inserting as you slide your check / bills into its theoretical mouth. The biggest boon here is the drop in processing costs to banks, while customers are likely to be pleased with instant receipts and nearly-instant access to the fundage. 'Course, we're just counting down the days until yet another ATM trickster figures out how to convert a Hershey's wrapper into a $20 bill.
While sniffing out ATM info has been used by
You're probably familiar with the Virginia Beach trickster who reprogrammed an ATM to shoot out 300% more money than was debited from his account, but now it seems his "discovery" might have been widely available all along. Dave Goldsmith, a computer security researcher at Matasano Security, began to dig a little deeper once the news broke, and thanks to the oh-so-disclosing CNN video, secured the machine's model and maker: a Tranax Mini Bank 1500 series. Reportedly, he then acquired a (legal) copy of the ATM's user's manual, which conveniently spelled out "how to enter the diagnostic mode, default passwords, and default combinations for the safe." Once the cash-spewing gizmo is in "Operator" mode, the only thing standing between you and illegitimate funding (aside from your conscience) is a password, and since default passwords are plainly listed in the manual, it's up to the installation crew to actually insert a more secretive alternative. While we assume Tranax has been hastily sending memos to stores who (currently, at least) use its machines, you'll probably notice the unmodified machines by the insanely long lines preceding them (or a mysterious lack of cash available to disperse).
Although ATM trickery has been going on for some time now, it typically deals with some sly guy jacking your data when you least expect it and withdrawing massive (or not) quantities of cash from your checking account. 'Twas not the case at all, however, in a recent reprogramming effort at a Virginia ATM, where a clever individual somehow fooled the computer into thinking it was dispersing five-dollar bills while it actually shot out twenties. Essentially, the suspect's balance was only debited for the amount he requested, yet he gleefully received four times that amount from the helpless machine. It was stated that the ever-joyous trickster couldn't resist returning only minutes after his first bonus score to give it another go, but he won't be going back anytime soon: now he's got the boys in blue tracking him down. One of the more ingenious acts of programming we've seen lately (it's a shame Intel's not hiring), it still was a loophole not to be exploited, so if you see a fellow in Virginia Beach throwing down on 4:1 odds, stay sharp.
While Monopoly is the paragon of good 'ole fashioned board game fun, the "old fashioned" part had to go. Parker Brothers is phasing out the cash-based version's funmoney and replacing it with an "Electronic Banking" flavor that could leave Mr. Moneybags turning his pockets inside out as his stash is replaced by a magnetic strip. New kits are completely devoid of the famous multi-colored bills; instead, you'll find phoney Visa debit cards and a calculator / reader which keeps a running tabulation of your riches -- or lack thereof. A deal was struck with Visa to design the mock cards and readers, presumably after surveys showed that 70% of adults used cash less often now than they did a decade ago (no surprise there). When asked about the dramatic change, Parker said replacing cash with plastic "showed the game was moving with the times." For those anxious to get their swipe on, or if you've simply forgotten how to use bills, the new version will set you back £24.99, while the now "antiquated" cash version can be had for £12.99, but only while supplies last.






Other Weblogs Inc. Network blogs you might be interested in: