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Vandal renames NYC 'Jewtropolis' on Snapchat and other apps
An instance of anti-semitic digital vandalism appears to be affecting platforms such as Snapchat, CitiBike, Jump Bike, Zillow and StreetEasy, with New York City showing up as "Jewtropolis" on their maps. Gizmodo reports that zooming in and out on Snapchat's Snap Map can make the city switch between New York City and "Jewtropolis," but that not all users of these platforms are seeing the vandalized name. The problem appears to be not with the platforms themselves but with Mapbox, a mapping software used by the companies.
PayPal taps into your Chase and Citibank accounts
Paypal-owned mobile payment app Venmo opened up third-party app support last year in an attempt to capture more money via more merchant transactions, including those from Poshmark, Parking Panda, and Delivery.com. The service has a competitor, of course, backed by more than 30 major US banks. Zelle promises easy money transfer between the bank's own apps without having to go through a middleman like Paypal or Facebook Messenger. Two of the banks involved with Zelle, Citibank and Chase, however, have just partnered with Paypal.
Citibank's digital wallet works in apps, online and through NFC
Citibank is partnering with MasterCard and its digital payment service, Masterpass, to add online and in-app transactions to its customers' accounts. Citi Pay users will be able to use their existing Citibank login details across online and app payments. Android users will be able to make NFC payments at wireless-enabled registers. There's no mention of Apple Pay — and that's because Apple doesn't let its payment chip parlez with other platforms.
MasterCard is lending its mobile payment tech to banks
MasterCard is hoping to make in-store mobile payments -- the ability to wave your phone at a terminal to buy something -- more accessible. The company is teaming up with several banks, including Citi and Bank of America, to let customers pay for stuff using bank apps on their phones. Meaning, you won't have to download a dedicated app.
WSJ: Citigroup is testing iris-scanning ATMs from Diebold
The Wall Street Journal reports that Citigroup Inc is testing a pair of newfangled ATM formats from Diebold that will scan customers' eyeballs with smart phones rather than require PINs. The first concept, dubbed "Irving", scans their irises instead of having them type in their personal ID number. Diebold estimates that the cash withdrawal process could be shortened to just 10 seconds with this method. The second concept, known as "Janus", is a double-sided ATM that also does away with the card reader. Instead, it can email or text receipts to the user.
Cha-ching! IBM's Watson heads to Citigroup to meddle in human finances
Watson's been a busy supercomputer since it took a couple of humans to school on Jeopardy last year -- what with its stint at Columbia and a recent foray into hunting patent trolls -- and now it's taking on the financial industry. IBM and Citigroup recently announced plans to explore how America's favorite supercomputer fits into the realm of digital banking. Under the agreement, Citi will examine Watson's ability to "help analyze customer needs and process vast amounts of up-to-the-minute financial, economic, product and client data," in the hopes of providing rapid, personalized banking solutions. According to Bloomberg, Watson's financial assistance will be provided as a "cloud-based service" and will earn IBM a portion of the revenue and savings it helps generate. The full press release (which makes no mention of a vacation for the overworked machine) can be found after the break.
Engadget giveaway: win one of five Nexus S 4G phones with $1,000 Google Wallet credit!
We're pretty excited about Google Wallet, but the service is currently only available for Nexus S 4G phone owners, leaving most of you waiting for broader implementation. Well, how would you like to skip the line, getting to test it out on a Nexus S 4G of your very own? Google has supplied us with five phones to give away -- the company is even throwing in $1,000 (yes, one THOUSAND dollars) of prepaid credit to help fund those first few dozen taps. There's one catch: you'll need to use your Nexus S 4G with a Sprint plan, though the carrier is throwing in one month of demo service to get you started. Check out our in-depth preview for a detailed look at the service, and simply leave a comment after the break to be entered to win -- after checking that you meet the entry requirements, of course.
A week with Google Wallet (video)
Contactless payments have been something of a curiosity in the credit card industry. MasterCard's PayPass has been around for the better part of a decade, but merchants and banks alike seem hesitant to adopt the technology required to make the system work, and inconsistent implementation adds to the confusion -- particularly for customers. Google's new mobile phone-based Wallet service has the potential to transform the technology from its current status as a transaction turkey, to a future as a checkout champion. But will it work? We spent a week with a Wallet-enabled Nexus S 4G, using the device to pay whenever we encountered a MasterCard PayPass terminal. Unfortunately, that wasn't often enough, limiting us to just a handful of transactions in the first week. Still, with Google just beginning to roll out the service and only a limited selection of launch partners ready to go, it's impossible to deliver a complete verdict just yet. Jump past the break for an inside look at Google Wallet, including a video of the service in action, and a brief look at what the world of contactless payments may look like in the future.%Gallery-130759%
Google Wallet mobile payment service, Google Offers announced
It may not be as big a surprise as Google hoped it would be at this point, but the company has now officially announced its NFC-based Google Wallet mobile payment service, complete with backing from a number of retail and financial partners including Subway, Macy's, Walgreens, Toys 'R Us, First Data, Citibank and MasterCard -- plus Sprint on the carrier side. In the case of MasterCard, that partnership means Google Wallet will be fully compatible with the PayPass contactless payment system that's already widely in place today. Trials are beginning immediately in New York and San Francisco, with a full release planned for this summer. Initially, the Sprint Nexus S 4G will be the only compatible phone, but support for more phones is promised "over time," and Google even suggested that phones without built-in NFC could simply use an NFC sticker (the Google Wallet app itself will work on non-NFC phones as well). You'll also have to use either a Citi MasterCard or Google Prepaid Card with the service, although the latter can obviously be funded from any other card. Also announced today is Google Offers, which will deliver an "offer of the day" to your inbox, and let you seek out other offers from retailers. Of course, it also ties into Google Wallet, and you'll be able to both redeem offers and receive loyalty rewards from retailers with just a tap of your NFC-enabled phone. As far as Google is concerned, however, mobile payments and special offers are just the beginning for Google Wallet. It eventually sees everything from boarding passes to tickets to IDs (and even keys) being stored on your phone. Not surprisingly, all of this is US-only for the time being, but Google is apparently working on international expansion. Head on past the break for a video and the complete press release. %Gallery-124537%%Gallery-124538%
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]
Citibank: Apple could pull in $2 billion in App Store revenues in 2011
Right before the year switched over, Citibank released its "US Internet Stock 2011 Playbook," and in there was an interesting prediction about the App Store. Despite what seems like constantly falling prices and the rise of "freemium" apps, Citibank expects Apple to pull in $2 billion in gross app revenue in 2011 alone. That's comparable to gross revenue for the entire online video advertising market, according to TechCrunch. And presumably this is just the iOS App Store -- later this week we'll be seeing the first fruits of the Mac App Store arrive, and it's likely that market will pull in a nice chunk of change for Apple as well. Smartphone software in general is also set to grow -- Citibank says that by 2013, the app market should be worth around $27 billion (that includes, of course, Android and any other platforms that should emerge in the next few years). Demand is strong for smartphone hardware, but I don't think the exponential growth of apps will continue for years into the future. Then again, who can tell? This is a market that barely existed just a few years ago, so where it's headed from here is anyone's guess. [via Loop Insight]
Citibank says iPhone app has security flaw
The wire services and the Wall Street Journal are reporting that the Citi Mobile app that Citibank offered to customers has a security flaw, and that it saved personal account information in a hidden file on users' iPhones. Our own Mike Rose reports that he got one of Citi's letters to customers warning them about the security issue. The information saved on the iPhones included account numbers, bill payment information, and even security access codes. If customers synced their phones to a Mac or PC that information would also be on those computers and could theoretically be accessible by hackers. "We have no reason to believe that our customers' personal information has been accessed or used inappropriately by anyone," Citi said. The newest version of the Citi app is online and is listed as a 'mandatory' update for customers.
Mobile payments coming to Mexico
Like Canada, Mexico's getting mobile payments, too, but these are just a bit different in two very important respects. One, this is a full-fledged service being underwritten by Telefonica, Iusacell, Citibank, and BBVA -- not just a trial. Two, unlike the NFC-based Canadian system, this one will rely on text messages to get the cash flowing. The service is expected to launch in the next few months and get backing from restaurants, stores, and taxis, all places where we can recall specific times when we would've rather kept our wallets in our pockets when the time came to pony up. Of course, considering how miserably unsuccessful mobile payments have been across North America so far (we've still got our fingers crossed that NFC is going to take off one of these days), this one could die off as quickly as it started unless it catches a break and goes big.
Details emerge on Cingular's NFC plans
We'd previously noticed that Cingular was collaborating with Citigroup on some sort of mobile payment system in New York City, though details were pretty slim for the picking at the time; now the carrier has come out with full disclosure on exactly what it is they have up their sleeves. Like its Atlanta trial last year, the New York program involves Nokia handsets fitted with NFC (near-field communication) guts -- though for the sake of the trial participants, we hope Cingular is offering something a little more up-to-date than the lowly 3220 this time around. Unlike Atlanta, however, Cingular has switched up their financial partner from Chase / Visa to Citi / Mastercard, giving users the ability to use their phone for payment anywhere Mastercard's PayPass system is accepted. Parties involved expect the trial to last a total of three to six months, at which point we should all have a better perspective on how folks feel about shedding cash by tapping their cellphones against various surfaces. Of course, Japan seems to like it just fine -- so why not us?
Cingular readying mobile banking for '07
Cingular would like its customers to manage what little money they don't give their carrier every month with their phones. That's the latest coming out of Cingular's Atlanta HQ, announcing that it's in talks with several unnamed banks to allow customers to "view account balances, transfer funds and pay bills" on its handsets. The system will make use of a downloadable app under development by a third party; whether this all has anything to do with a Citibank-run trial in New York City to make payments using Cingular phones, we're not sure -- but either way, we figure carriers are looking for novel ways into your wallet here.[Thanks, Arun J.]Read - ReutersRead - Citibank trial
Pre-order a PS3 for just $46,000
No, the eBay markups haven't gotten completely out of control. The culprit behind the latest over-priced next-gen pre-order is Citibank, which is offering PS3s through their ThankYou network for just 46,000 reward points. With most CitiCards offering one reward point per dollar spent on the card, you're only a Cessna 172 Skyhawk away from earning a "free" pre-order of Sony's next-gen system. Citi hasn't forgotten the Sony-haters either -- an Xbox 360 is only 56,500 points, easily earnable by purchasing a small home in Idaho.A smart spender can earn bonus points by shopping at preffered merchants or banking at CitiBank, but getting enough points for a pre-order still requires thousands of dollars worth of transactions. It's enough to make those free PS3 pseudo-pyramid schemes look like a good deal.(Thanks to Eric Hikade, who was apparently crazy enough to actually do this!)
