creditcards
Latest
Kevin Rose demos Square payment system for iPhone
Digg's Kevin Rose is the newest investor in this Square iPhone payment system that we've been seeing lately, and as you can see above, he's demo'ed the unit for everyone over on YouTube. It works as we've heard: there's just an addon that you plug into the iPhone's headphone jack, and then an app takes information from the swiper, and transmits it out for an actual credit card payment, with a finger doing the signature. The app, as Kevin says, will even upload GPS information, so you can make sure that payments are happening in the right place. Unfortunately, what he doesn't mention is the actual price to get payments up and running. Square's website says that there's "no contracts, monthly fees, or hidden costs," but they've got to pay for the system somehow, so you'd expect there to be a fee for setup, for the accessory, and then a fee per charge through the system, but we haven't heard what any of those will end up being yet. Depending on how steep they are, this could be a gamechanger -- accepting payments anywhere, any time, with an online record and receipt for each one, no cash involved. Would be incredible for small business owners, and probably a lot of other sales folks, too.
Mophie iPhone credit card reader coming to a CES near you
iPhone accessory maker and recession antidote regular Mophie is about to make the most buzzworthy move of its short history by offering a credit card reader and accompanying transaction app for the Apple handset. Positioned as a direct competitor to Jack Dorsey's Square iPhone Payment System, Mophie's solution looks to be integrated into an iPhone case -- making it possible to keep the reader on permanently, albeit at a slight cost to your device's aesthetics. The decidedly cube-shaped Square system has a less ergonomic design, but we suspect that the winner (if either of these two succeeds) will be primarily determined by the usability of the app and affordability of the service. Look out for more info to emerge at some point during the maelstrom that will be CES 2010.
Credit card terminals for iPhone
It's no secret that the iPhone is much more than just a smartphone. Apple has even started giving iPhones to Apple Store Concierge employees to schedule appointments and manage the store. The ability to complete mobile transactions with credit card terminals is a great use of the iPhone for employees on the go or companies that do home or office calls. Like most applications in the iTunes App Store, there is no shortage of alternatives available for you to try. Here's a roundup of some of the most popular credit card terminals for iPhone. Credit Card Terminal [iTunes Link] - $0.99 This app is pretty awesome. So awesome in fact, that it was featured internationally in an Apple commercial. The 99 cent application offers a (very) cheap alternative to expensive terminals and hardware. With a clean and easy to use interface, users can enter credit card information, complete transactions, and even view and refund past sales. The app also gives you the ability to collect customer information. The developer even offers telephone and email support and will walk you through setup. Billing: Credit Card Terminal [iTunes Link] - $19.99 Another "easy to use" credit card terminal that is guaranteed to help make transactions easier. Sporting a pretty cool, and somewhat different kind of interface, the $20 application makes setting up a sale as simple as tapping a button. One cool feature offered in this version is the ability to get a customer's signature. Some screenshots from the featured applications: %Gallery-73813%
Square iPhone Payment System turns your phone into credit card reader
Everyone and their uncle Steve uses WinCE terminals to execute cashless transactions these days, and while you'd expect Apple to remedy that right quick, the Square credit card reader has beaten it to the punch. Plugging into the headphone jack of either an iPhone or iPod Touch, the dongle takes a swipe of your card, the seller enters the purchase data and you do your best penless John Hancock on the touchscreen. After that, a receipt is delivered by email and the app retains geotagging data for each transaction. Spiffy, right? Well, there is a surcharge to pay, and it's still in early alpha testing in New York, but should it prove popular, there's no reason not to see this appendage make an appearance on Android or WinMo phones as well. Rest easy, Gotham, we're sure nothing could possibly go wrong.[Thanks, Derek]
Mythbusters RFID hacking episode canned by credit card company lawyers
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]
Steam hacker caught in 'high tech' raid
Back in April, a website used by Valve to manage its Steam-related Cyber Cafe business was hacked. As we reported then, the hacker, known as "MaddoxX," claimed to have gained access to a variety of sensitive data, including credit card numbers. Well, the jig is finally up. A special Dutch police unit, "Team High Tech Crime" (certainly somehow related to G.I. Joe), nabbed the culprit in the town of Maastricht on June 24. Dutch authorities report that he hacked an Activision server prior to the Valve job, obtaining a pre-release version of Enemy Territory: Quake Wars. He is also charged with stealing nearly 50,000 credit card numbers from a UK-based ticket sales service, using some of them to buy electronics and play online poker. In lieu of a prison sentence, we suggest that "MaddoxX" be assigned to a work release program at Aperture Science. [Via ITExaminer]
RFID credit cards easily hacked with $8 reader
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.
The Game of Life follows Monopoly, goes plastic
In a day and age when children are practically bombarded from birth with ads extolling the virtues of consumerism, we're not sure that it's the best idea to be thrusting credit cards into their impressionable little hands (debit cards, maybe), but that hasn't stopped Hasbro's Parker Brothers from trading in paper for plastic in some of their most classic games. The latest title to get Visa-fied -- and the first to hit US shores, as that special edition of Monopoly was UK only -- is everyone's favorite Game of Life, which as we all know takes players through a thrilling journey from college to career to fabulous riches or abject poverty. As with Monopoly: UK, stacks of cash are replaced by a "personal assistant and electronic banking unit" -- in this case known as the LIFEPod (attention Apple legal!) -- but this time the gameplay itself is also getting a facelift, with the so-called "Twists and Turns" edition dividing the board into four "life paths," ditching the old spinner, and perhaps most significantly, crowning a winner not by wealth alone but by a combination of loot and "life points." Also like the "hipper" version of Monopoly, T and T will sport a higher price tag than the regular game ($35 versus $13) when it goes on sale this summer, although you do get a bonus copy of Visa's "award-winning financial literacy curriculum," Practical Money Skills for Life, which debunks such widely-held myths as the one that "there's no such thing as instant gratification" -- well kids, with a Visa card and a five figure spending limit, there sure as heck is!
Manchester man uses DAP to siphon cash from ATMs
While sniffing out ATM info has been used by tricksters criminals for years, a Manchester-based bloke was trafficking private bank information from various cards to illegally purchase goods -- with the help of DAPs, no less. Although your evil twin could manage to reprogram an ATM to disperse 300 percent more cash than it really should, this fellow secretly attached an (unsurprisingly anonymous) "MP3 player" to the backs of free-standing cash machines in "local bars, bingo halls, and bowling alleys." The device recorded the tones from transactions, which were then decoded and "turned into information used to clone new credit cards." The fellow learned his savvy computing skills from "a friend in Cambridge," and was oddly not caught jacking cash or throwing down on a new HDTV; rather, police caught on to his scheming when they located a counterfeit bank card in his vehicle during a routine traffic stop, which led them back to his presumably disclosing home. While we applaud the ingenuity, the motives are certainly below traditional moral standards, but this certainly isn't the first (nor the last) criminal offense involving DAPs.
One Time Password DisplayCard heightens transaction security
While we were a bit skeptical when Chase sent us one of their questionably-secure RFID-equipped "Blink" cards last year, we're gonna be all over a new technology from several companies that actually gives credit cards a heigtened level of security by generating a one-time passcode for each transaction, viewable on an embedded e-ink display. The OTP DisplayCard, as it's being called, was developed by InCard Technologies in conjunction with security firm nCryptone using technology from SiPix Imaging and SmartDisplayer, and is being targeted at financial institutions or at other companies as a replacement for the password-generating key fobs used to enable VPN access to their intranets. While the added security feature would come into play for both online and in-person transactions, it will probably be most useful for Internet purchases, making your credit card info almost worthless to identity thieves who can't get their hands on the card itself. Oh, and to answer the inevitable question: no, these cards will not be able to play Doom.[Via mobileread]
