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One of the many reasons you don't see widespread support for mobile payment tech like Apple Pay or Google Wallet is the hardware investment needed to make it all work. Why should a store spend thousands of dollars on machines that miss out on some features, or will be obsolete in a few years? Th...

October 29th 2014 at 4:29pm 0 Comments
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If the retailers backing the CurrentC mobile payment system hope to topple NFC-based technology like Apple Pay and Google Wallet, they may need to improve their safeguards for your data. CurrentC is now warning people in its beta program that "unauthorized third parties" (read: hackers) swiped som...

October 29th 2014 at 1:28pm 0 Comments
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Went on a spending spree with your Bank of America debit card the moment Apple Pay hit your iPhone? You might be in for a (brief) shock. The bank is now issuing refunds after it charged at least some Apple Pay users twice when they made purchases at retail shops. While it hasn't said what trigg...

October 22nd 2014 at 4:17pm 0 Comments
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American banks and stores may already be planning to tighten your payment security, but the White House wants to give those efforts a boost. President Obama has signed an Executive Order that will require the federal government to both issue more secure chip-and-PIN (aka EMV) payment cards and upg...

October 19th 2014 at 6:29pm 0 Comments
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Eyeing an upgrade to the Droid Turbo? An iPhone 6? Maybe the One M8 for Windows? If you're on Verizon's Edge payment program, you're going to have to be more patient than usual -- or at least, open your wallet a little wider. The carrier has confirmed a Droid-Life leak revealing that Big Red is...

October 15th 2014 at 10:28pm 0 Comments
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Starting tomorrow, any French resident with a bank account and Twitter handle will be able to transfer money simply by tweeting it. The new service, dubbed S-money, was launched last month by French mega-bank BPCE and Twitter. It differs from Twitter's Buy Now, which lets users to pay for goods at...

October 13th 2014 at 6:17am 0 Comments
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Get ready to call your credit card provider again -- another major US retailer has reported that its payment system has been compromised. Kmart's IT team quietly announced that malware has been found in its stores' register systems, noting that both debit and credit card numbers have been stolen....

October 10th 2014 at 6:51pm 0 Comments
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Your fat wallet wants to meet Plastc -- a device which its manufacturers claim can replace most of the credit/gift/loyalty cards you currently mule about. It works by pairing with an app on your phone (via Bluetooth), which provides near unlimited storage for all your cards (Plastc itself can only...

October 8th 2014 at 1:07am 0 Comments
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If you've ever had a Facebook friend in need of some money, you may soon have a way to pay them without much fuss. Stanford student Andrew Aude has shown off hidden code in Facebook Messenger's iOS app that will let you send funds much in the same way that you share a photo; you just have to add...

October 5th 2014 at 5:36pm 0 Comments