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RIM, Telefonica announce NFC trial, aim to launch mobile wallet next year
RIM's NFC campaign is about to roll into Iberia, now that the BlackBerry manufacturer has announced a new partnership with Madrid-based Telefonica. This week, the two companies unveiled plans to begin testing a mobile payment and ID card system across the Spanish capital, in the hopes of launching commercial services next year. The so-called Telefonica Wallet for BlackBerry trial will involve some 350 Telefonica employees and a select group of testers within Madrid, each of whom will be able to make payments, access offices and check bank statements from their BlackBerry handsets. Telefonica's Matthew Key told Reuters that his company chose RIM to participate in the trial primarily because of the security of its BlackBerry platform, stressing the importance of earning enough consumer trust to handle sensitive personal data. No specifics yet on when or where the carrier will launch a full payment system, though Key said that Telefonica's aiming to bring it to a handful of markets in 2012.
Kinect hack lets you manage your bank account with gestures, will occupy your living room (video)
You know all those convoluted gestures and hate-infused fist pumps you make every time you look at your bank account? Well, you can now put them to good use, thanks to a new Kinect hack from Lithuania-based Etronika. The company's software, which made its debut at last week's CTIA E&A event, effectively brings motion-controlled banking directly to your living room. All you have to do is stand in front of your display, clap your hands to choose an icon, or wave your hand back and forth to navigate across the app's carousel menu. This means you can pay your bills, check your balance and return to fetal position without even touching a sharp object. "A lot of banking software apps are filled with boring crap," Etronika CEO Kestutis Gardziulis explained with refreshing candor. "With our software, you could be on the couch at home, having a beer, all while dealing with your bank account and kicking back." Beer, banking and body language -- sounds scandalous! Head past the break to watch a demo video, starring Pam Beesly's doppelgänger.
Study shows iPhone owners open to mobile payments
A British study by research and consulting firm YouGov reveals that almost half of iPhone owners are open to making mobile payments. As noted by GigaOM, the study says 46% of iPhone owners in the UK would be willing to pay bills using their iPhone, 62% would transfer funds from one account to another, 69% would check account balances and 45% would feel comfortable making payments to other people. Those numbers bode well for companies like iZettle and Square, who just released its Square Card Case app today. Despite this, only 31% of those polled reported that they would feel comfortable making contactless payments through near field communication (NFC) technology. That could be due to the fact that people seem to have a distrust for the technology, assuming that simply walking past a NFC reader will lead to your bank accounts being drained by some malevolent hacker. As could be expected, the study also showed that iPhone owners aren't the only ones open to mobile payments. Android and Blackberry owners showed similar interest, though in less numbers when compared to iPhone users. Age also played a factor; younger respondents reported a greater likelihood to use mobile payment technology.
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]
Bank app lets you pay bills with iPhone camera
Danske Bank just made it easier to spend money. Banking customers can now pay bills with nothing more than a photo and a tap, boosting the convenience of online payments. Danske Bank's official app is available for iPhone, iPad, iPod touch and Android devices. Once installed, users simply launch the app, snap a photo of the bill they wish to pay and press a confirmation button. The app uses the photograph to rapidly enter the details for a bill or electronic funds transfer, for example the amount due, payee name and account numbers, without forcing users to key in the information by hand. It's a welcome new feature for those of us with fat finger syndrome. The updated app is the latest from the banking industry to find innovative uses for the cameras found in mobile devices. Both PayPal and Chase Bank offer mobile apps that allow users to deposit a check simply by photographing it with the iPhone's camera. Although most of the app's features are custom built for Danske Bank's customers, the option to pay bills by photograph is enabled for clients of competing banks. Danske Bank offers instructions for setting up this feature on its website. The app, currently only available in Danish, is a free download from the App Store.
Visa clears DeviceFidelity's In2Pay mobile payment microSD card for use in smartphones
No iPhone? No problem. If you'll recall, we heard back in May that Visa was in cahoots with DeviceFidelity, with the two trumpeting a not-exactly-svelte In2Pay case that would add contactless payment support to Apple's darling. Today, the rest of the world is finally being taken into consideration. The aforementioned firms have just cleared a new In2Pay microSD solution for use in the real world, with the BlackBerry Bold 9650 and the Samsung Vibrant in particular named as compatible. In theory, it seems that nearly any smartphone with a microSD slot could be ushered into the arena, and Visa itself expects to add additional phone models for use with this technology, "including phones based on the Symbian and Windows operating systems." This unveiling is happening after a solid 18 months of testing around the globe, but there's no definitive word on which banks will be offering this to customers. Between this and the sudden interest in NFC, America seems more poised than ever before to slip ever further into an endless pool of debt, and with way less friction than before! We kid, we kid... kind of.
Massively Exclusive: Earthrise's Atanas Atanasov on PvE, banking, chat, and more
Earthrise is a title shrouded in a certain amount of mystery. Massively began covering the game way back in January of 2008, and since then, the information flow from Bulgaria-based Masthead Studios has alternated between a vacuum and a trickle. Recently, thanks to a wave of interviews and screenshot releases, interest in the game has started to simmer, and comparisons to older sandboxes like Star Wars Galaxies are commonly heard. Masthead boss Atanas Atanasov was kind enough to grant us our second interview exclusive in as many months, answering several of our burning questions. Join us after the cut as we talk about everything from the game's friendliness towards PvEers, to skill progression clarification, to universal banking and more. Also be sure and check out the latest pair of Earthrise screenshots in the gallery below. They feature two new creature types: the burzun (one of Enterra's top predators) and the leapers (ape-like mutant pack-hunters who love to ambush their prey). %Gallery-48760%
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?
Chase Mobile iPhone app update: picture your paycheck deposited, and it's there
While JPMorgan Chase & Co. certainly isn't the first bank to do this -- USAA has allowed its members to deposit checks by snapspot for just under a year now -- it's definitely the first major public bank to bring this stuff to the mainstream. A recent update to the Chase Mobile iPhone app enables customers to photograph the front and back of checks made out to them and then have it deposited directly into whatever Chase account (with their name on it, obviously) they choose. Better still, the service is completely free of charge, though it's limited to Apple's platform at the moment. Too bad you can't just cut checks to yourself and live the life those goofy TV ads push so hard, but hey, at least you're one step closer to pretending. [Thanks to everyone who sent this in]
Phishing Android apps explain our maxed-out credit cards
There's no such thing as a perfect mobile app store strategy -- you're either too draconian, too arbitrary, or too loose in your policies, and as far as we can tell, there's no way to find a balance that isn't going to trigger an alarm here and there or get a few people worked into a lather. If you're too loose, for instance, you're liable end up with the occasional bout of malware, which is exactly what appears to have gone down recently in the Android Market with a few fake banking apps published by a bandit going as "Droid09." As you might imagine, the apps end up doing little more than stealing your information and ending your day in tears; the apps have since been pulled, but that's probably little consolation for those already affected. The moral of the story? Be vigilant, keep a close eye on those system permissions the Market warns you about as you install new apps, report sketchy ones, and -- as always -- use a hearty dose of common sense.
Square iPhone payment system gets itself a website, showcased in public
Twitter co-founder Jack Dorsey and the quiet startup formerly known as Squirrel are finally opening up a bit. The company now called Square, as we noted back in October, has launched a website for its iPhone payment dongle, although it's still in somewhat private beta testing. TechCrunch managed to catch up with Dorsey, who gave a brief overview of the product and then showed it off by charging $4 for a cup of coffee -- so it goes in San Francisco. See Square in action after the break.
Twitter founder Jack Dorsey's Squirrel project revealed... as the Square iPhone Payment System
tweetmeme_url = 'http://www.engadget.com/2009/10/17/twitter-founder-jack-dorseys-squirrel-project-revealed-as-th/'; tweetmeme_source = 'engadget'; 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]
Deposit checks with your iPhone
Update: This app is now available.Earlier this summer I took a paperless vacation abroad, thanks to my iPhone and Evernote. I could have done a digital boarding pass for extra efficiency, but I was happy enough with my experience. The digital boarding pass is a matrix code sent to your phone or PDA via online check-in, saving time and benefiting the environment and those without a printer (also, printers just love to run out of ink at the most inopportune time). Continental, American and Northwest offer the digital boarding pass option (here's a good run-down on how they work). Now, the privately-held USAA Bank intends to let customers deposit checks via a pending update to the bank's iPhone app. According to the New York Times, the feature will require customers to photograph both the back and front of the check with their iPhone's camera. From there, they simply send the images to the bank via the app and presto, the check is credited to that customer's account. They can then void and destroy the paper check; it's no longer needed. Fraud is an obvious concern, but one of the bank's executive vice presidents, Wayne Peacock, says they've got the necessary security measures in place. Specifically, the service will be limited to customers who are both eligible for credit and insured by the bank. All told, about 60% of current customers meet the threshold for acceptance, according to Mr. Peacock. I think it's a fantastic experiment and look forward to seeing how it goes. This further confirms my conviction that the iPhone is an amazing portable computer that affects our lives in tremendous ways. Some may chose to ditch their iPhones, but mine isn't going anywhere.
New perspective on EVE Online's latest bank embezzlement part two
We read about these things happening periodically, an EVE player pulls a runner with some huge amount of ISK and all sorts of drama ensues. It makes me wonder, what has the real life impact of this theft been on those of you involved with EBANK?If you are to trust the forum trolls, EVE is JUST a game. But having spent 2 years on this project, real-life money and a lot of sweat and tears, it hurts to see EBANK's name being dragged through the mud, and putting up with the drama. It of course causes a huge amount of real-life stress, and makes you wonder about a few things. I even almost managed to miss 2 exams, due to having to deal with this. But it also gave us the opportunity to realize just how many people EBANK have helped.2% of EVE's playerbase has an EBANK account, and we came to be the biggest investment venture in EVE, peaking at 2.5 TRILLION ISK. That, to me, is a pretty big thing, which I'm proud to take part in. But I can't answer this question on my own, hence here's my new CEO's take on it:
EVE Online's largest player-run bank rocked by embezzlement
We've just gotten word that EBANK, a player-run bank in EVE Online self-described as "the largest financial entity ever seen in EVE" has been rocked by embezzlement from its own CEO, Ricdic. The former CEO stole roughly 200 billion ISK from EBANK, which is roughly 8.6% of the entire 2.3 trillion ISK that EVE's playerbase has deposited. EBANK chairman Hexxx has issued a statement on the game's official forums, stating that Ricdic has been banned by CCP Games for engaging in RMT, also adding that the former CEO "has scammed." The loss of nearly 9% of EBANK's deposits is a serious blow to the player-run institution, perhaps as much to investor confidence in the bank as it is to their funds, but Hexxx says their liquidity is still between 400 billion and 500 billion ISK. A June 6th news item on the EBANK site written by bank auditor LaVista Vista states, "We are currently experiencing some technical problems. Therefore, we ask that people do not deposit any ISK, until we have solved the problem." EBANK's director and head teller Athre has now assumed the role of interim CEO, as the EBANK staff determines the best way forward from here.
Investigators demonstrate Nokia 1100's criminal potential
In case you weren't already convinced of a certain model of Nokia 1100's hackability by the exponential surge in its aftermarket value, fraud investigation firm Ultrascan has successfully recreated a virtual bank heist by reprogramming one of the devices to receive another phone number's text messages. Using this trick, shady characters in fancy suits can get your mobile transaction authentication number -- provided you live in a country like Germany or Holland that use mTANs -- and use it to get into your bank account and transfer funds. They'd also need your account name and password, mind you, but obtaining that data isn't nearly as complex when there's plenty of people clicking on the wrong emails and signing into fake website with all those deets and the associated digits. It all sounds a bit like the stuff of crime novels, doesn't it? And before you go running to eBay with that 1100 you stashed away in a drawer years ago, please note that it only works if the candybar was produced at a very specific plant in Bochum, Germany.
Nokia 1100 seemingly hackable, making a big comeback
Apparently some shady hackers and cyber-criminals have recently started offering upwards of $30,000 for the Nokia 1100 which were manufactured at a specific plant in Bochum, Germany. You may ask yourself, "why?" Well, beyond the obvious answer (style), certain makes of the super-popular handset can apparently be reprogrammed to use someone else's phone number, allowing them to receive text messaged bank passwords (common in parts of Europe), thus making it much, much easier to steal people's money. The software flaw has been pointed out by Ultrascan Advance Global Investigations, who were contacted by police who had noted the curiously high offering prices on the old-timey candybar. Nokia has contended that it has not identified any software problems which would allow such use, so it's hard to say what exactly is going on at this point, but we'll let you know if we hear anything concrete.[Via SlashGear]
Entropia Universe to operate real-world bank with virtual world presence
Most of our virtual world coverage at Massively is focused on Second Life, but we're still keeping an eye on what's happening beyond the walls of Linden Lab. One significant development revealed this past week is that Entropia Universe will be the first virtual world to have a bank that's actually backed and regulated by a real-world government, called Mind Bank AB.We received word on this from MindArk's PR: "The Swedish Financial Supervisory Authority (Finansinspektionen) has granted a license to conduct banking activities to virtual universe developer MindArk PE AB's wholly owned subsidiary Mind Bank AB. The unique step of integrating MindArk's virtual universe Entropia Universe with the real world will allow Mind Bank AB to function as a central bank for all virtual worlds within the Entropia Universe."
WoW Rookie: Bank on it
New around here? WoW Rookie points WoW's newest players to the resources they need to get acclimated. Send us a note to suggest a WoW Rookie topic.Got stuff? You need a banker. Creating a dedicated character to do nothing but hang out in town, store goods and handle your finances may sound redundant at first. But time is money, friend -- and a banker can save you both. The benefits:Eliminate travel time. No more hearthing back to the city at the end of every session, and no more trudging back to your current base of operations when you're ready for some action. Trust us – when you hit the Outlands and have to travel from Shattrath City all the way back to the Old World to use an Auction House, you'll be glad to skip that whole process.Put the entire Auction House at your fingertips. Anything item you need is instantly at your disposal when your banker is at the ready. Log in the banker, buy what you need, mail it to whichever character needs it. (Remember, mail between characters on the same account is now instant.) It's that quick and easy.
