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Square to add encryption to mobile card reader, skimmers put on notice
It's only been a couple days since we first heard about Visa's involvement with Square, but the credit card giant is already making its mark on the mobile payment startup. At the Visa Global Security Summit on Wednesday, Square Security Lead Sam Quigley revealed that the company will distribute an encrypted card reader this summer, which will work exclusively with its mobile payment app. The current reader theoretically scans credit card data to any app, but the encrypted version will only work with Square, which should alleviate VeriFone's concern that the company was essentially distributing "card skimmers" to anyone with a social security number. Luckily, the new encrypted reader will remain free, giving Square a colossal advantage over VeriFone's Payware Mobile product, which carries a $49 activation fee, in addition to standard merchant fees. Not to mention, it isn't available in white.
Zach Honig04.29.2011
PlayStation Network credit card info appears to be safe: 'No unauthorized activity relating to Sony'
It looks like the beleaguered Sony finally caught a break. The company, which has struggled for over a week following a hacker attack that stole massive amounts of player information, says that it looks as though user credit card information remains secure and encrypted. It turns out that Sony had encrypted some personal info but not all of it. Gamespot also reports that several financial companies, including MasterCard, WellsFargo and American Express, have witnessed "no unauthorized activity relating to Sony." Sony's Patrick Seybold passed along the positive news: "The entire credit card table was encrypted and we have no evidence that credit card data was taken. The personal data table, which is a separate data set, was not encrypted, but was, of course, behind a very sophisticated security system that was breached in a malicious attack." Sony's PlayStation Network is still offline while it's rebuilt with a higher level of security. The company saw its shares drop 4.5% today on the Tokyo exchange to $27.71.
Justin Olivetti04.28.2011
Square gets financial backing from Visa, asks to see some ID
Everything's coming up Jack Dorsey these days. Last week Apple started stocking Square's iPhone credit card readers in its 235 US retail locations, and now, according to Reuters, Visa has put its plastic where its mouth is. The credit card giant has invested in the personal payments startup, scoring itself a spot on Square's advisory board in the process. No word on how much Visa is actually dropping on the company, but one thing stands to reason: it probably didn't make the deposit via Verifone. If you would like to invest in a Square reader, it'll cost you a lot less -- the company is still offering smartphone plug-ins for free on its site.
Brian Heater04.27.2011Apple Stores stocking Square credit card readers
Jack Dorsey's über-popular credit card readers got a big thumbs-up from Cupertino this week. Square's devices are hitting Apple's 235 US retail locations and Apple.com for $9.95 a pop -- plus the 2.75 percent that the startup takes off the backend each time you use the reader -- or you can always just sign up for a free one over on Square's site. The iPhone / iPad / iPod touch plug-in accepts Visa, MasterCard, Discover, and yes, even American Express. The CEO of VeriFone will no doubt have plenty to say about the matter. Update: It turns out you get a $10 redemption code in the box when you buy a Square reader at an Apple store, so it is still technically free (just not, you know, when you buy it). [Thanks, Michael]
Brian Heater04.21.2011
Discover cardholders can send money to anyone with a cell phone, email address
With NFC payment systems just starting to roll out in the US, it'll be awhile yet before you can cut up those credit cards for good. But in the present, at least, you can use your handset to make sure you don't get stuck with a $100 bar tab... again. Discover just announced that it will let its cardholders send money to people in 60 countries -- so long as they have either a cell phone number or email address. As AllThingsD notes, Visa and American Express have hatched similar plans, though Discover is the first of the bunch to partner with PayPal. While people sending money don't need PayPal accounts, people receiving moola do -- or, at least, they must be willing to create one. For senders the service is free and, in fact, they get 0.25 percent cash back for the first $3,000 exchanged. As for Discover, a smaller player than Visa and MasterCard, it hopes some of PayPal's 230 million customers will sign up for a shiny new credit card while they're at it.
Dana Wollman04.16.2011
VeriFone's FUD meets Square's QED
Yesterday, VeriFone (a $4.2b company) launched a harsh public attack on upstart rival Square (a less-than-fifty-people, $37.5m in funding startup). You may remember Square from previous coverage on TUAW or its impressive advertising last year. So what's going on, exactly? The basic gist of the Square service is simple. It sends you a free little reader doohicky that you plug into your iPhone or iPod touch's headphone/mic port, and you get an accompanying app for free from the App Store. When you want to charge money from someone's card, you swipe it, enter the amount, and they sign for the payment on your screen. Square takes a transaction fee of a flat 2.75 percent for a swiped transaction (a little more if you manually key the card details in), but there are no other fees of any kind -- not on the hardware, nor is there a monthly service fee. There are also no credit checks or complicated paperwork to sign up for Square in the first place.
Richard Gaywood03.10.2011
Stinkweed and stars: Wizard101's latest update improves the quality of life
Budding magicians will find Wizard101 a friendlier and more colorful place following the recent February update to the game. Topping the list of additions are two new castles: a cash shop-only tropical island and a craftable Celestial Observatory. The Observatory represents a truly monumental undertaking for the crafting set, although some would argue that the result is well worth the time spent on it. The update's other major focus is on smoothing out some of the lumpy bits of in-game gardening, which now should be much more user-friendly for those with green thumbs. We can safely speak for everyone when we say, "Thank goodness that Stinkweed now grows faster!" Wizard101's also started a membership program for anyone who uses a credit card for their subscription during the previous 30 days. As a reward to players who use this form of payment, KingsIsle will refill their energy faster, increase the size of their backpacks, expand their friends list, and quicken their hatching and crafting timers. You can read the full update notes over at Wizard101.
Justin Olivetti03.01.2011
Girl Scouts using iPhones to sell cookies now
Bad news: the Girl Scouts have discovered an easier way to sell you those dangerously delicious cookies, and it's through an iPhone. Starting this year, the Girl Scouts of America will be taking payments for their annual cookie sales through Intuit's GoPayment app, available on iOS. That means that if you fall apart and give in to that Samoa craving at the grocery store when the little girls keep bugging you, you could see your credit card information punched straight into Apple's handheld. The organization is getting a break from Intuit on the credit card fees, and interested troops are getting a free reader to use during the cookie drive. We've been seeing the iPhone used as a payment system in quite a few places, but outside of the Apple Store this will likely be one of the biggest tests of the solution so far. Just remember: while it might sound nice to have a Thin Mint box or two right now, those things disappear fast once you actually start eating them. Use and consume at your own risk. [via 9to5Mac]
Mike Schramm02.24.2011
Square mobile payment system gets simpler pricing, keeps angular shape
If you hate doing math and you run a small business then surely you've looked longingly at mobile credit card systems like Square's longingly. No handling of cash certainly would make life easier, but Square's system of fees and surcharges weren't exactly easy to figure out themselves. Now the company has simplified things, dropping the $.15 per-transaction fee for swiped purchases, charging a simple 2.75 percent on each transaction. If, however, that transaction is being made without swiping the actual card the $.15 transaction fee sadly comes back, but the percentage fee has gone down from 4.0 percent to 3.5. So, a little less of your handiwork will be absorbed by the man. [Thanks, Brent]
Tim Stevens02.23.2011
Dynamics' credit card-based computing platform makes what little money you have more secure (video)
Some folks are trying to replace your credit card with your cellphone, while Dynamics, Inc. is among those trying to make credit cards better. And you know what? We seldom get excited by such things, but this video from the CES New York press preview has us seriously itching to upgrade our plastic. Card 2.0 is the computing platform powering the new Citi cards that re-write the magnetic strip depending on whether you want to spend you cash or your rewards points. The technology fits snugly in your credit card, is waterproof, has a battery life upwards of four years, allows multiple accounts on a single card, and even can be used to require a PIN before displaying the card number. This is some pretty awesome stuff indeed -- but don't take our word for it! Get a peep yourself in the video after the break. [Thanks, Dave]
Joseph L. Flatley11.16.2010
Redemption credit card puts points toward purchases, is destined to frustrate
Look up. That credit card right there is a brilliant concept that'll likely cause quite a few headaches in practice. Dynamics, which makes its ends by coming up with new ways to get the general populace into more debt, has just made public its Redemption payment device -- a newfangled card with a few LEDs, selectors and the ability to let users put their earned points toward any given purchase. The idea goes a little something like this: you roll up to the Old Navy checkout counter, remember that you have 4,300 points logged, and decide that you'd like to cash 'em in towards the purchase of your new threads. You tap the "Request Rewards" side of your card, swipe it and watch as your points balance and total monies owed dwindles. Currently, Citi is trialing these with a small group of consumers, with a larger US trial expected to get going next month. There's no mention of how the LEDs stay lit (or how the battery stays charged), nor any indication of how long these selector buttons will hold up over time. We also have no idea how you'll be able to easily check your point balance or split payments between points and dollars, but hey, at least there's a beautiful opportunity here for an accompanying mobile app. %Gallery-104451%
Darren Murph10.07.2010
Mophie and Intuit release Complete Card Solution payment system for iPhone
Square has made quite a few headlines with its in-progress payment system for the iPhone, but here's that reader developed by Mophie (known for their battery pack add-ons) and serviced by Intuit. It's called the Complete Card Solution for iPhone, and it's costlier than Square's extremely low cost of entry where all you need to start taking payments is a free account, free app and free card reader. This one runs $179 from the get-go; there's also a $12.95 charge per month, on top of the per-payment fees that Intuit will take out. But Intuit's reader is a little more friendly for big sales teams (allowing for 50 users on one account), and the transaction charge runs only about 1.7 percent as compared to Square's 2.75 percent. So if Intuit has a target, it's probably larger businesses -- Square's reader is much more ad-hoc and easier for the smaller companies and individuals to use. There is one other issue, however -- while Square's reader just plugs into the headphone jack (meaning it can be used by any iPhone, and even some other smartphones), Mophie's clearly fits all the way around the phone, which means it's currently available only for iPhone 3G and 3GS. Still, if you don't need one set up for the iPhone 4 right away, the Mophie reader is reportedly on Apple store shelves now.
Mike Schramm08.26.2010
App Store chicanery powered by iTunes account fraud
It's a shame to have to point out such underhanded behavior on a holiday weekend, but we got a heads-up from developers Alexandru Brie and Patrick Thomson that something was seriously amiss in the Books category on the App Store. As detailed on Alex's blog and in this follow-up from The Next Web, it appears that at least one Vietnamese developer (mycompany/Thuat Nguyen) has gamed the category so that 40 of the top 50 entries are all apps from their stable. It's possible that another two or three developers have tried the same thing, although to a less extraordinary degree. As Alex points out, at least two of the reviews for these apps indicate that the apps were purchased against the buyer's will, with hacked iTunes account credentials. The ongoing MacRumors forum thread here indicates a possible spike in iTunes fraud, with major purchases being charged against unsuspecting users' accounts. Alex also notes that Apple's response team is already looking into the issue. If you have unexpected charges on your iTunes account, be sure to notify your card issuer or bank immediately, and then send word to Apple. It may take a bit longer to get help during the long weekend. Updates: 9to5Mac points out that the offending apps have been pulled from the store. Arnold Kim at MacRumors reminds us that compromised iTunes accounts have been reported for years, and it's not clear that the current circumstances represent a spike in malicious activity.
Michael Rose07.04.2010
Visa and DeviceFidelity working to bring mobile payment functionality to iPhone
This ain't the first rodeo for Visa and DeviceFidelity, and if we had to guess, we suspect it won't be the last. Just a few short months after teaming up to bring contactless payments to any mobile with a microSD slot, the two are at it again -- this time aiming for the oh-so-tantalizing iPhone market. Reportedly, the tandem is toiling away in an effort to concoct a protective iPhone shell with a secure memory card that hosts Vista's contactless payment app, payWave. As it stands, the product would only function on the iPhone 3G and iPhone 3GS, leaving upcoming iPhone 4G / HD / Barhopper buyers out in the cold. As with any other payWave-enabled handset, this would allow users to simply tap and go when checking out, a process that our pals over in Japan have had down for centuries now. If all goes well, market trials of the payment-enabled iPhone are set to begin this summer, or approximately six months too late for anyone to seriously care.
Darren Murph05.06.2010
Buying an iPad, one month later
On Tuesday, I finally joined the ranks of iPad owners. It was a relatively smooth experience, but there are some things that caught my eye: If you want certain models, you're going to have to wait. The Apple Store at Chandler Fashion Center only had the 64GB Wi-Fi model while the Biltmore Apple Store had 16GB and 64GB Wi-Fi models. Since I only wanted the 16GB model, I walked away a happy customer. But, if you want a 32GB Wi-Fi or any of the 3G models, you're pretty much out of luck. If in doubt, though, call ahead if you can. If you make a spur-of-the-moment decision and your store is out, see if the Apple Store you're at can call another location and check on their stock. Of course, this method only works when you live in an area that's lucky enough to have more than one Apple Store. Independent resellers or Best Buy stores are also worth a try.
Megan Lavey-Heaton05.06.2010
Voices that Matter iPhone: How Ben Newhouse created Yelp Monocle, and the future of AR
Yelp's Ben Newhouse (who is actually still a student at Stanford) gave a fascinating talk this weekend at the Seattle Voices that Matter iPhone conference. He talked about Yelp Monocle, the augmented reality (AR) iPhone app that he created, and revealed the surprising (and somewhat scandalous) story behind what's known as the iPhone's first-released AR app. He gave some technical details about how he designed the code to make it all run and speculated a little bit about where augmented reality and camera vision are headed. It was very interesting stuff. Newhouse seems like an extremely smart, young guy who already knows this burgeoning technology very well. When it comes to augmented reality, it certainly seems like the iPhone is leading the charge as a relatively cheap device that will eventually replace more expensive and cumbersome technologies.
Mike Schramm04.26.2010
VeriFone credit card reader gets deal to be in Apple Stores
The Square credit card reader for the iPhone has gotten most of the buzz around here, especially after we saw that impressive demo at Macworld a few weeks ago. But VeriFone's competing reader has been given the green light by Apple itself: the unit has been granted a deal for shelf space. VeriFone will be selling its PAYware Mobile units inside Apple's retail stores coming up as soon as the end of March. I'm not quite sure what the reasoning is behind this one on Apple's side, as the PAYware service seems to be a little more clunky than the Square solution: you have to pay both an activation fee and a monthly fee on top of the per-payment charge that Square asks for, and the reader itself is much bigger, taking up the iPhone's dock rather than just using the headphone port like Square's. Whatever Apple saw in them, you'll be able to get VeriFone's system right along with an iPhone or iPod touch all at the same time.. No matter which system eventually prevails (if indeed anyone needs to prevail at all -- there's certainly more than one credit card company, so there's no reason why there couldn't be more than one payment system on the iPhone), this does seems like a model that will change a lot of business transactions in all sorts of industries. It'll be interesting to see how the curve takes off once these things are up and running.
Mike Schramm03.05.2010
Adafruit shows off the Square dongle for credit card payments on the iPhone
Adafruit is one of a few companies that has been chosen to test the Square dongle that automagically takes credit card payments on any iPhone. Even though we got to see it in action at Macworld, I think every look we can get at this thing is worth it, considering just how darn revolutionary it seems. The video on Flickr shows just how quick and easy it is -- just swipe the card, and sign with your finger on the iPhone's screen. I haven't bothered carrying cash for a few years now, and something like this only makes it easier to not only take payments for vendors, but for me to pay. Hot dog guy needs a few bucks but doesn't have a landline connection to run a credit card on? No worries, just swipe and done. Want to give to the Salvation Army guy over the holidays but don't have any money left in the wallet? Just swipe and done. Word has it that the transaction cut will be 2.9% (though the video above shows 3.5% -- maybe you can change the percentage depending on circumstances), but odds are that in most cases, the convenience will be well worth it. The whole program's still in beta, but it probably won't be long before you'll see (and maybe even use) one of these out in the wild. [Via Engadget]
Mike Schramm02.25.2010
Cambridge University finds credit card security flaw, uses the money for beer pong supplies (video)
Oh, those crazy kids at Cambridge University -- when not doing keg stands or playing Hacky Sack in the quad they're hard at work proving the vulnerability of the EMV verification used in credit and debit cards (or as it's called across the pond, Chip and PIN). We won't go into too much detail (because we don't have much detail) but a flaw has been discovered that allows one to convince the terminal that a card's PIN has been entered -- and you know what that means: free money! All you really need to pull it off is a fake smart card connected to a card reader containing the stolen card and some fancy software. (Place the contraption inside a hat box or bowling ball bag if you want to be slick.) What could be simpler than that? "We think this is one of the biggest flaws that we've uncovered - that has ever been uncovered - against payment systems, and I've been in this business for 25 years," said Professor Ross Anderson from the school's Computer Laboratory. Sure, this is a proof-of-concept thing, and not yet a clear and present danger, but we have faith that the hackers will see this one through. Maybe we weren't crazy to bury all that gold in the backyard after all! British TV news (with the appropriate dramatic music) after the break.
Joseph L. Flatley02.15.2010
Square opens public trial for iPhone payment system
Eager to get in on the whole "using your iPhone to pay for stuff" revolution? Too bad your wallet is vehemently disagreeing right now. At any rate, the folks behind the Square iPhone payment system have finally seen fit to open up their solution to the public, but only in the form of a pilot. If you're interested to be one of the few scratching the impulse-buy-itch with a cellphone dongle, hit that source link to sign up. For the rest of ya, there's an explanatory video after the break.
Darren Murph02.11.2010