Visa
Latest
Russia invests in homegrown tech with Visa and Mastercard out of the picture
America's sanctions against Russia have already had an impact on high-level space and satellite projects, but it's clear this is just the beginning of the growing technological separation between East and West. Ordinary Russians are starting to be affected too, especially now that Mastercard and Visa are forbidden from processing many of their credit card transactions. According to Bloomberg, the Kremlin sees the disappearance of US-based financial services as a "betrayal." It's looking to wean the country off foreign banking services, starting with a law that would allow all state employees (more than 20 million people) to be paid via a totally new, homegrown card platform.
United States credit card system begins complete overhaul in the next 18 months
The United States is lagging behind most of the world when it comes to credit card technology, but luckily it's about to catch up. In the next 18 months, the US is gearing up to transition debit and credit cards away from the magnetic stripe to embedded chip technology, which is already widely used in Europe, Asia and beyond. Who can you thank for the long-overdue upgrade? Target, whose data security breach earlier this year highlighted the security flaws in the magnetic stripe system. It's a 50-year-old technology, after all, and it's much easier to counterfeit than the computer chip in your next Visa card.
MasterCard and Visa users may soon flip the switch on KitKat NFC payments
With a consumer reception that could be described as lukewarm at best, mobile payments haven't exactly been a raging success. Despite Google's efforts, Wallet failed to take off, while Isis also continues to struggle, despite support from major US carriers. Now, MasterCard and Visa are readying yet another potential solution, this time tapping the new Host Card Emulation (HCE) support in Android 4.4. The service, which is only supported in NFC-enabled KitKat phones, stores credit card info remotely rather than on an embedded "secure element," expanding compatibility beyond pre-approved apps. With HCE, when you go to make a payment, your phone will transfer credit card data directly to the NFC terminal, without storing it in your handset. MasterCard and Visa are both working to finalize the specification, following various trials over the last few months. Ideally, a significant number of credit card holders will be able to take advantage of HCE-enabled payments beginning later in 2014, with more details to come in the first half of this year. (AP Photo/Manu Fernandez)
T-Mobile's 'Mobile Money' blends prepaid Visa cards and no-fee checking features
T-Mobile's latest service seems to fit its 'UnCarrier' agenda perfectly, since it has little connection to wireless and doesn't actually require users to have the company's phone service. Called Mobile Money, the personal finance product combines a smartphone app (iOS or Android) with a branded prepaid Visa card. Without paying a single fee, T-Mobile wireless customers can deposit checks into their Mobile Money account by taking a picture of them with their smartphone, withdraw money from 42,000 in-network ATMs and reload the cards with cash at T-Mobile stores (non-T-Mobile customers would pay additional fees). There are also no maintenance fees, minimum balances or activation fees. While many already have free checking accounts with their bank or credit union that offer similar features, this is aimed at people who for various reasons can't get a traditional checking account, and rely instead on check-cashing or payday loan services that charge high fees. It's very similar to the service Boost Mobile launched last spring with a similar focus, and T-Mobile Chief Marketing Officer Mike Sievert says households currently using check cashers can save up to $1,500 per year in fees. What it isn't however, is a mobile payment service like Isis Mobile Wallet, which it has no connection to. Interested customers can sign up now online or in T-Mobile stores, and next month it will expand to include Safeway locations.
First pro-gamer recognized as an athlete by U.S. Government
A huge step forward has been taken for eSports as StarCraft II pro Kim "viOLet" Dong Hwan has been recognized as an athlete by the U.S. Government. As his sponsors, CSA, and TheDailyDot report, viOLet was one of the first to apply for the P-1A visa when it was opened to pro gamers five months ago. The visa doesn't allow him to permanently reside in the U.S., but does permit him to enter temporarily to participate in tournaments and the like, and is the same as is awarded to other athletes. While this is undoubtedly a fantastic turn of events for a StarCraft II player whose career has been fraught with mishaps, it is the bigger picture that's really important here. This sets a precedent for eSports' recognition as something on a level footing with traditional sports. It allows pro-gamers to be categorized with traditional athletes, and will only serve to further the reach of eSports and gaming. The normalization of a historically stigmatized industry is nothing but good for gaming and gamers alike. Congratulations, viOLet!
Friday Favorite: How Keyboard Maestro saved my Mavericks macros
Bless Keyboard Maestro. It's not as if we haven't already given it coverage here at TUAW, but I fought to make it today's Friday Favorite because it pulled my grits out of the fire after I upgraded to Mavericks. Me? I've been a Quickeys user since the freaking 1980's. One gets used to an app. Used to it enough that the thought of having to transition away from my decades-old keyboard macros to a new app was giving me hives. So I resisted, resisted, and then I resisted some more. After Lion debuted, I made excuse after excuse -- dropped a few of my daily macros, adjusted some others, and kept pushing forward with my old system just so I wouldn't have to start again from scratch. Startly, the guys who now own the app, hemmed and hawed, made some noises about eventual upgrades, but I was basically running abandonware. Finally when Mavericks debuted, my decades old macro set gave up the ghost. Even doing some emergency tweaks like switching off App Nap couldn't save my workflow. TJ Luoma, who had had just about enough of my "but my system works...or at least it worked" nonsense finally hit me over the head with a very large clue mackerel1. (The size of the clue-fish indicates how much this matters.) "Just. Use. Keyboard. Maestro." (I paraphrase.) So I did. Several weeks later, I am a rabid Keyboard Maestro fan. From its easy to use editor (with folders!) to its nuanced rule system (I can disable my keyboard Emacs equivalents for Terminal, Xcode, and Text Edit because they're already built into those apps natively), Keyboard Maestro is doing everything that Quickeys ever did for me but is doing it more smoothly, faster (seriously, no playback lag), and reliably. I love this app. It handles app launching, menu selections, complex sequences, and offers a solid Recording option that lets me demonstrate tasks rather than programming them. I can easily enable and disable shortcuts, which allows me to switch instantly from standard development mode to testing out Xcode betas. That's a huge time-consuming task for me usually. (Hint: You can bet I immediately remapped the new documentation keys for Xcode 5.1.) It's not just useful for development. I'm using Keyboard Maestro to apply AppleScript to QuickTime Player, adding timed skip actions for moving forward and back through videos. I've got it set up to enter my family's library card in Safari for when we need to reserve books. It's working in mail, helping to sort mail as I work through my inbox. In other words, it's not only doing all the tasks I normally relied on for my macros, it's opening new opportunities for me as I continue to explore its amazingly wide range of hooks. Keyboard Maestro costs US$36. It's free to download and you have 30 days to try it out before buying. I think I made it to day 3 before whipping out my Visa card. 1 The mackerel was, of course, a holy mackerel.
World of Warcraft Rewards Visa is getting a rewards upgrade
Fans of free stuff -- and who isn't? -- will appreciate the news that the World of Warcraft Rewards Visa is getting an upgrade. Currently the program offers game time rewards, but the new Blizzard Maximum Rewards program will offer more standard credit card rewards (such as gift cards, merchandise, cash back, and travel rewards) and also "additional Blizzard merchandise," which we're hoping means you can redeem points for pets, server transfers, and the like. While Blizzard's own information hasn't been updated yet, we received this straight from account-holder Orkchop, who received a letter explaining the upgraded program. The program is due to start May 10th, so if you haven't signed up for your own World of Warcraft Rewards Visa, there's still plenty of time to get in on the action: head to Blizzard's website to apply. As is only fitting, you can choose from a number of geeky, Warcraft-themed card designs and even choose to immortalize your own character on your card. Any other questions? Check Blizzard's FAQ.
Visa and Samsung ink worldwide NFC deal, practically guarantees payWave on your Galaxy S IV
First, the good news. It appears that Visa and Samsung's Olympics trial went over so well, that it's expanding those mobile payment dreams to a global audience. Now, the rough news -- Visa has convinced Samsung to pre-load the payWave app onto every future Samsung smartphone with an NFC module. Granted, you'd be using that anyway for contactless payments... but only if you had a Visa card. At this point, it's practically a given that the impending Galaxy S IV will boast not only an NFC chip, but payWave integration from the factory. The deal also gives banks the ability to load payment account information over-the-air to a secure chip embedded in Samsung devices (thanks, Mobile Provisioning Service), but neither company is coming clean on what devices in particular will be taking advantage. Unfortunately, this news may be even gloomier for non-Visa users -- it's unlikely Samsung's contract will allow it to announce similar deals with competing mobile payment services, but we suppose we'll see in time.
RIM's mobile payment solution gets thumbs up from Visa
The final pieces of the puzzle are falling into place just ahead of the big reveal on January 30th. The carriers are on board, there's apps galore and now Visa has approved RIM's Secure Element Manager (SEM) for its mobile payment system. Being given the green light means that BlackBerry wont have to worry about being upstaged by the flood of Android devices coming down the pipeline with NFC payment solutions embedded in them. It's also a major boost to the SEM platform developed by the Canadian firm which has already won the backing of many carriers in its homeland, like Bell, Rogers and TELUS, but has struggled to gain a foothold in the US. For more, check out the PR after the break.
Visa teams up with RBS for V.me's first UK outing
Soon after getting V.me past the beta stage, Visa has signed up with old partner RBS for the UK launch of the digital wallet service. RBS and NatWest customers have started playing with the PayPal rival, and a full-blown rollout is aimed for spring 2013. While BBVA is slated to be the first financial institution to bring V.me to Spain, a French outing is planned for later this year. With mobile payments looking up, not least when springing for a cup of latte, it's yet another step leading towards a cashless world -- albeit a world where plastic still rules.
Vodafone and Visa announce mobile payments app for Android-toting Aussies
Sometime next year, Vodafone subscribers in Australia can expect to taste the sweet fruit of mobile payments, which comes thanks to the carrier's partnership with Visa. Computerworld Australia reports that Vodafone SmartPass is currently being tested on Android phones in the land down under, which relies on an NFC-enabled SIM card. It's also said that the carrier plans to introduce a Windows Phone app, although it has no intention of developing a solution for iOS, which is due to the iPhone's lack of NFC. While mobile payments still remains a mere pipe dream for many, it's said that Vodafone will eventually bundle the SmartPass app on all smartphones that support NFC. Unfortunately, the technology may remain cumbersome, as it'll require users to load currency into a prepaid account for use -- something Google has already kicked to the curb. If you'll recall, Vodafone first announced its initiative with Visa in February of this year, although at the time, it was said that only a few European counties would make the initial cut. To learn more about what Vodafone has in store for its Aussie constituency, feel free to hit up the source link.
Visa's V.me digital wallet service graduates from beta with 53 banks, 23 retailers on board
After roughly a year since its unveiling, Visa's digital payment platform V.me has emerged from beta with support from a total of 53 banks, including PNC and U.S. Bank, and 23 retailers. If V.me has escaped your memory thanks to the proliferation of electronic payment options, you'd be forgiven. For those in need of a refresher, the service lets users check out at participating online stores using a one-click solution that remembers credit card details from multiple providers (American Express, Discover, MasterCard and Visa) in addition to billing and mailing addresses. Visa's Global Head of eCommerce, Jennifer Schulz, told TechCrunch that the firm is planning on making mobile apps and bringing the service to checkout terminals next year. How does the company plan on standing out from the sea of options? Visa's banking on its brand-name and ability to spread the service far and wide. If V.me has piqued your interest, leap past the break to catch the full list of supported banks and retailers. [Image credit: Philip Taylor, Flickr]
Editorial: Square gets the attention, but credit cards rule
Lower Manhattan, Pearl Street, the Financial District. A Starbucks with broad windows, great for people watching. Sipping my $5 flavored coffee, I watched a homeless man sit on the sidewalk. I liked him immediately: his sharp gaze and thoughtful expression. When I left, I squatted down next to him and put five bucks in his jar, contributing the cost of my first-world coffee to the man's case for survival. We talked. He knew his tech, this man of no possessions, describing his favorite productivity gadgets of the past decade, scorning Apple for form over function. He had been living on the street day and night for two years. My five dollars was "huge," he said. I knew that was true only microcosmically. He liked cigars. That's where the cash would go. Meanwhile, Starbucks had recently cut a deal with Square, one of the hottest startup stories of the season, so that people with five dollars to spend on coffee needn't pull out a wallet and ponder their privilege.
Visa lets iPhone-toting NatWest and RBS customers pay with NFC cases, join the future
Two can play at the UK-banks-with-NFC-payments game. RBS (and by extension, NatWest) is partnering with Visa Europe to roll out TouchPay, a mobile payment system based around an iCarte case for the iPhone 4 and 4S -- sorry, early iPhone 5 owners. In tandem with a native app, the service allows paying for goods at British shops by tapping the phone at a Visa-capable NFC terminal without needing the short-range wireless built-in. Any purchases under £20 ($32) can even skip the PIN code, if you're just in that much of a hurry to get a Pret À Manger sandwich. Only 1,000 of the 9,000 who pre-registered for TouchPay are getting into Visa's wallet-free initiative at this stage, although all NatWest and RBS customers with one of Apple's semi-recent smartphones can participate once a trial run is over. We're just wondering if and when Android, BlackBerry and Windows Phone 8 owners get in on the action.
Square competitor Groupon Payments launches today, promises lowest cost for retailers
Popular deal website Groupon is venturing into the world of smart phone-based credit card payments today, launching the Groupon Payments initiative nationwide after a successful pilot program is the San Francisco Bay Area earlier this year. Groupon's boasting a guaranteed lowest cost pricing to merchants using Groupon Payments for credit card transactions -- MasterCard, Visa, and Discover will cost retailers 1.8 percent of credit card sales, plus a $0.15 per transaction fee, while American Express will cost three percent of credit card sales, plus a $0.15 per transaction fee. The biggest competition in the space comes from Square, headed by former Twitter co-founder Jack Dorsey, which charges a flat 2.75 percent rate on all transactions against all cards, though PayPal, Intuit, and Verifone all offer similar services. Today's news matches up directly with leaks we saw back in May, adding on that merchants will see the day's credit card purchases credited to their bank accounts overnight, rather than waiting two to three business days (per standard practice). Beyond credit card services, Groupon's Merchants app also accepts Groupon daily deals, which helps elucidate why Groupon would be interested in entering the mobile credit card payments market in the first place (beyond it being a lucrative market unto itself, of course). Interested parties can sign up over on Groupon's website, and snag the free payments app right here. Finally -- finally -- you'll be able to sell all those $10 gift certificates to Chili's you've been hoarding. Perhaps charge $5 a pop for their $10 value and ... is this a paradox? This might be a paradox.
Isis mobile payment system primed for September launch, supported devices revealed
You've known it was coming, but Isis has been so quiet on the mobile payments front in the past few months that you might've forgotten the score. Now, the joint venture backed by AT&T, T-Mobile and Verizon has announced that it'll debut its system in Austin and Salt Lake City next month. At least part of the delay is attributed to its shift in strategy, when Isis shelved its plans to process payments through the carriers themselves and instead work with MasterCard and Visa. Isis representatives have declined to elaborate on future expansion plans. Coinciding with the recent update that enabled Isis support for T-Mobile's Galaxy S II, MasterCard has come clean with a list of devices that'll receive similar treatment. Specifically, those in the US can expect the Droid Incredible 4G LTE, One X, Amaze 4G, Galaxy S III to gain Isis support. Naturally, the possibility remains open for other devices as well, and if you'd like to see the complete list of candidates, make sure to check out the PDF below.
Google, PayPal, VeriFone and US carriers band together to form Mobile Payments Committee
There's little doubt that mobile payments hold a ton of potential for the future of commerce, but without proper direction (and willingness for adoption), the technology remains little more than an impractical curiosity for the majority of consumers. In an effort to define a way forward for the mobile payment industry, a large number of heavy hitters have banded together under the umbrella of the Electronic Transactions Association to form the Mobile Payments Committee. Not only does the group include all four of the top US carriers, but also Google, Isis, VeriFone and PayPal. Add to that financial institutions such as Wells Fargo and Capital One, along with American Express, Discover, MasterCard and Visa, and you'll quickly realize that this group is playing to win. Primary goals of the Mobile Payments Committee include fostering relationships with merchants, ensuring consumer access to modern payment methods, exploring best practices and ensuring interoperability of networks, equipment and financial institutions. The group will also engage in lobbying activities with legislators and regulators, and will additionally work to educate both merchants and consumers about the potential of mobile payments. With so many key players (and competitors) sitting around one big table, what wouldn't you give to be a fly on the wall during those meetings? For a little extra insight, just hop the break for the full PR.
Nokia 808 PureView enables NFC image share, mobile payment apps to come
Rounding off a busy day of shooting with Nokia's new imaging mistress, the company's Vesa Jutila, Head of Symbian Product Marketing, hooked us up with some more developments for the 808 PureView, specifically to do with NFC. He told us that picture sharing would be possible across devices -- not limiting itself to fellow PureView smartphones, and differentiating it from another hotly anticipated future smartphone. We'd err against using it on those full 38- or 34-megapixel images though, as they will often measure over 10MB and it could take some time. Further, Nokia's already applied for Mastercard and Visa accreditation to get those mobile wallets up and working. We're curating our own exclusive image gallery as we speak and they're likely to whet your appetite for more oversampling goodness. Expect a fully-fledged review with a final model in the not-too-distant future.
Samsung and Visa pull the starting trigger on Olympic payment collaboration
Well, it's been no secret that Samsung was hoping to cash in on this summer's Olympic fever. In fact, we all but knew its latest and greatest smartphone was going to be the handset-maker's Olympic Games Phone. Today, however, the union has been made official via an announcement with Visa. Trialists and Athletes sponsored by the brands will have access to a special edition "showcase device" with Visa's payWave payment application onboard. The collaboration is, of course, a drive to push the penetration of contactless payments in both the UK and the world stage. Payments under £20 won't need a passcode, and users will also be able to check their balance and purchase history from the app. It's estimated there'll be about 140,000 contactless terminals in the country by the time the Olympic tanks roll in, so plenty of places to pick up that official merch for the family back home.
V.me by Visa coming to the Europe this autumn, cash starts begging for another chance
Visa Europe is muscling in on the European mobile payments game with V.me. The online service will allow you to store cards from different agencies (including American Express) for payments online and at NFC-enabled cash registers. It is expected to arrive in the UK, Spain and France in the Autumn, but it'll sadly be too late for it to gain any traction, since we'll have worked out how to glue PayTag stickers to our forehead by then.
