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Twitter founder Jack Dorsey's Squirrel project revealed... as the Square iPhone Payment System

by Joshua Topolsky posted Oct 17th 2009 at 12:54PM

Remember the Square iPhone Payment System we told you about back in August? If you'll recall, the device -- which involves an iPhone app and associated dongle -- enables an iPhone or iPod touch to become a kind of mini credit card reader, allowing payments to be taken on the spot, no matter where you are or how big (or small) the transaction may be. When we'd first reported the device, word on the street was that it was only being alpha tested around New York City, and there wasn't much else to say. Now, we may have a little more insight on just where this device is headed, and who's behind the project.

Jack Dorsey, the man who all but built Twitter in a matter of two weeks, has been working on a half-secret start-up project since around May. His new venture -- dubbed, funnily enough, Squirrel -- is based around the concept of using the iPhone as... yep, a portable, personal cash register; essentially the exact device which Square has created. And that's no accident. In the images we ran of the Square system, you can see a domain name on a receipt: squareup.com. Squareup.com is the domain of the Square System (obviously), and a casual investigation into the site's WHOIS profile reveals registrant info that points to an office in San Francisco, and a contact email address which reads... billing@paybysquirrel.com. Square, squirrel, square... are you getting it? So the cat, er, squirrel appears to be out of the bag. Now the question is whether or not Dorsey and co. can turn this fairly obscure piece of tech into the kind of firestorm which Twitter has become -- and who knows, maybe there'll even be a business model this time.

[Thanks, Little Birdie]

Hitachi develops biometric payment system, uses it to sell junk food

by Joseph L. Flatley posted Jul 22nd 2009 at 1:13PM

Looks like Hitachi has made some serious headway on the biometric payment system we first heard about way back in the halcyon days of 2007. According to the Mainichi Daily News, the company is currently testing its Finger Vein Authentication System internally, with the device serving as a method of payment for vending machines and the like. Once it's proven that employees are able to get their Koala's March and Hi-Chew without incident, the plan is to up the ante, with high precision ID systems that combine finger vein and finger print authentication systems for military use.

SmartSwipe helps you max out your Diners Club card without leaving the house

by Darren Murph posted Jul 14th 2009 at 12:42PM

Check it, big spenders. If you just can't get enough of that swipe-to-buy action seen prominently at most modern fuel pumps and McDonald's restaurants, why not bring the action back to your home turf? Available now in the wondrous United States of America, NetSecure's $99.95 SmartSwipe is a USB-enabled device that literally allows you to swipe your credit card in order to make online purchases. Reportedly, this device "scrambles and encrypts the user's credit card data before it reaches the user's computer or internet," thus making online shopping safe once and for all. If you're still confused, hop on past the break for a dead-serious infomercial. Trust us, it's a must-watch.

Continue reading SmartSwipe helps you max out your Diners Club card without leaving the house

Latest USB gadgets light up your life, fill up your wallet

by Tim Stevens posted May 13th 2009 at 12:24PM

Intel's Ajay Bhatt indeed deserves rock star status. Without his hard work we might not today have such a wondrous bounty of USB devices, like the hub pictured after the break. It not only sports a light for illuminating your keyboard or helping you find that last Skittle that skittered away into the dark confines of your desk, but it also has a rechargeable battery, meaning you can use it as a rather unwieldy reading light. New, too, is the Lego-themed (though not Lego®-branded) USB hub shown above, which enables you to elegantly add USB devices to your setup in blocks of four. Oh, and then there's the newfangled USB wristwatch ($26) which packs a connector at the end of the strap. Hot stuff, we tell ya.

Read - USB Hub with a built-in flashlight
Read - USB wristwatch
Read - Lego-themed USB hub

Continue reading Latest USB gadgets light up your life, fill up your wallet

Credit card style Bluetooth device isn't likely to increase your wealth, coolness

by Laura June posted Mar 16th 2009 at 12:10PM

We've seen some ultra-thin MP3 players, even ones that were credit-card sized, but this newest one actually masquerades as a credit card, numbers and all! There's perilously little information available about the device, but we can tell you this: you'll look and feel awesome sporting it, should you ever be able to get your hands on one; which we doubt. Price and availability are a mystery to us all.

Update: As pointed out by several of our astute commenters, this appears to be a Tokyo Flash concept for a Bluetooth adapter modeled on a previous credit card styled MP3 player.

[Via The MP3 Players]

ATM skimmers: now with SMS notification built right in

by Darren Murph posted Oct 10th 2008 at 3:35AM

Aw, how convenient! Now, when you purchase your next ATM skimmer, you don't even have to risk being arrested when you wander out to retrieve it. For those outside of the know, an ATM skimmer sits on credit / debit card machines and swipes information as unsuspecting civilians pass their cards through. In the days of old, scammers would have to physically retrieve the skimmer in order to acquire all that precious information; now, models with built-in SMS notification are becoming available, meaning that numbers, expiration dates and that easy-to-forget three digit code on the back can be shot out instantly after the data is snatched. Word on the street has these devices going for $8,500 a pop, and they can dish out around 2,000 texts. Just another zany hack to be aware of in the wide world of ATM shenanigans.

[Via Hack-A-Day]

Mythbusters RFID hacking episode canned by credit card company lawyers

by Nilay Patel posted Sep 2nd 2008 at 11:47AM

Although it's no secret that RFID is easily hacked (see: train passes, passports, credit cards, one billion other cards, etc.) it's still not necessarily common knowledge, and it sounds like the major credit card companies want to keep it that way -- according to Adam Savage, Mythbusters was all set to do a show exposing the weak security behind most RFID implementations but was shut down by lawyers from "American Express, Visa, Discover, and everybody else... [who] absolutely made it really clear to Discovery that they were not going to air this episode." Since Discovery is an ad-supported channel, it's not surprising that it backed down, but we'd say that the credit card industry would be far better served spending money on actually improving security rather than lawyering up and trying to keep consumers in the dark. Video after the break.

[Via Wired]

Continue reading Mythbusters RFID hacking episode canned by credit card company lawyers

RFID credit cards easily hacked with $8 reader

by Nilay Patel posted Mar 19th 2008 at 6:33PM

The RFID hacks keep coming fast and furious -- hot the heels of that Mifare / Oyster Card exploit, the crew at BoingBoing TV has posted up a little demo of how easy cracking the RFID encryption on an American Express card can be. All it takes is an $8 dollar reader easily available on eBay, some software, and the courage to walk around with a laptop waving plastic boxes at people's butt pockets, but developer Pablos Holman says he's hoping to develop a newer version that will allow him to be a little more discreet. The root of the problem is apparently the fact that the system uses local decryption rather than sending card info to a secure data center, but either way we've been worried about this for a long time -- we're sticking to loose change and the barter system from now on. Video after the break.

Continue reading RFID credit cards easily hacked with $8 reader

USB flash drive payment system hits South Korea

by Nilay Patel posted Dec 29th 2007 at 8:56AM

We've definitely seen some outlandish attempts at improving or outright replacing the humble credit card, but South Koreans will soon be able pay for purchases using the most easy-to-lose system we've seen yet -- by inserting a special USB flash drive into a slot. The system, which is being rolled out by Shinhan Card and Visa, also lets users pay for online purchases by sticking the drive into their computers' USB ports, and Shinhan is also rolling out new terminals that will enable contactless payments using the device as well. Of course, the drive itself is locked down tighter than a drum, but we still aren't convinced a bulky flash drive is a better option than phone-based or biometric payment systems.

[Via The Raw Feed]

Evergreen's card-styled DAP: it's business time

by Darren Murph posted Nov 30th 2007 at 9:02PM

As far as we know, Evergreen's Business Card MP3 Player doesn't come pre-loaded with Flight of the Conchords' most relevant jam, but you can't deny it'd be a great fit. This all-white, ultra-simplistic DAP checks in at 86- x 55- x 6-millimeters, weighs just 36-grams and includes 1GB of storage space. You'll also find a flip-out USB 2.0 connector, internal speaker and some sort of recording function. Slip one into your tight leather jacket pocket for a steep $126.19 -- it should make sorting the recycling much less tedious.

[Via AkihabaraNews]

Next-gen credit cards to feature miniature displays and keypads

by Conrad Quilty-Harper posted Oct 29th 2007 at 8:32AM

As if there wasn't enough temptation to get into debt, credit card manufacturers are now looking to stick fancy displays and keypads directly onto cards. The "Credit Card Embedded Authentication Device" was put together by Innovative Card Technologies and eMue Technologies, and uses the screen and keypad to provide security for online and mobile based banking transfers: the user enters their pin into the card, which gives back a one-time use code to authorize online transactions. The card will get its "consumer debut" -- whatever that means -- in Paris this November, at the Cartes & IDentification event.

[Via Bsams]

When good toys go bad IX: Barbie's Fashion Fever fosters bad credit

by Darren Murph posted Oct 9th 2007 at 3:42PM

Note to parents: if you'd like your tweens not to run up extraordinary bills on the shared credit card when they head out to the mall, start by passing on Barbie's Fashion Fever Shopping Boutique playset. This innocent looking package allows youngsters to shop 'til they drop with fake plastic, but rather than actually hitting a credit limit and getting rejected, the card delivers the wrong message by simply allowing kids to spend as much dough as they'd like without any negative consequences. Take a look at the commercial after the jump.

[Via Gearlog]

Continue reading When good toys go bad IX: Barbie's Fashion Fever fosters bad credit

Credit card sized MP3 player ups your street cred

by Joshua Topolsky posted Sep 25th 2007 at 6:14PM

Looking for a small, light, credit-card-esque flash drive... which doubles as an MP3 player... which is covered in a "liquid" print? Well you're in luck, kiddies, because some anonymous Chinese electronics maker has got you covered on all fronts. Enter the "USB Flash Card MP3 Player," an ultra-thin, 2GB device that plays MP3s and WMAs, functions as a USB flash drive, and will give you absolutely no information about the song you're listening to. Hey, if you wanted information, you would get a screen -- this thing fits in your wallet. Available right now for the bargain basement price of $42.

Hitachi, JCB developing biometric payment system

by Darren Murph posted Jul 24th 2007 at 8:46AM

Considering all the companies that have already (or almost) jumped on the cashless bandwagon, it follows logic that another duo of Japanese firms are bringing their own biometric payment system to the forefront. Reportedly, Hitachi and JCB Co. Ltd. are working hand in hand (ahem) to develop a system that would "identify the veins on a person's finger" in order to sync with their credit card or bank data and complete a purchase. As expected, the companies are pushing their creation as a safer and more reliable method of paying for items, and while there's no telling how quickly customers are apt to implement said technology, Hitachi has reportedly stated that it would "launch an experiment in September involving 200 of its employees to see if it is commercially viable to introduce the system in shops, banks and other businesses."

Garanti Bank issues PayPass-enabled wristwatch in Turkey

by Darren Murph posted May 20th 2007 at 7:05AM

Apparently, even swipeless credit cards are too much of an inconvenience to carry around in Turkey, or else Garanti Bank and MasterCard are just doing a fine job of whispering PayPass into those ears that are now tuned in. Gimmick or not, the two firms have partnered up to dole out a few limited edition timepieces that not only sport embedded PayPass modules to skip the painful John Hancock procedure altogether on basic, low-dollar purchases, but also feature a flashy and surprisingly tawdry motif. The bright orange watch rocks a few soccer balls, er, footballs on the face, and also includes a handy date feature to keep you on track. No word on exactly how one would go about procuring one of these contactless payment watches, but if your Garanti account is pushing six or seven figures, we'd say you've got some leverage.

[Via TechDigest]