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Capcom Visa cards full of hidden charges (just like Guile)
Those pre-paid Capcom Visa cards are nice collectibles, but it turns out that they do a little collecting of their own. In case you aren't intimately familiar with the minutiae of the credit card world, Defend Your Dollars laid out, in plain language, the fees associated with the prepaid cash card (which is not a credit card, nor is it a debit card).Just a few examples: You have to pay $10 to buy the thing, followed by $4.95 monthly. You put another $4.95 down as a fee when you want to reload the card. And unless you specify a "signature-based debit transaction" at retailers, you're charged a quarter for a PIN-based transaction. You also pay for balance inquiries, ATM transactions, overdrafts (to the tune of whatever you spent plus ten dollars), customer service calls, bill payment by check (seriously), and not using your card for 90 days.This isn't unique to the Capcom cards: this is just how it is for prepaid cash cards. You pay a lot for the privilege of having a card. It's your call whether you love Bionic Commando's Nathan Spencer enough to put up with this business.[Via The Consumerist -- thanks Don!]
M. Buy Some Stuff: Capcom launches own pre-paid Visa
Capcom has announced its own branded, pre-paid Visa cards, the first run of which will feature artwork from Street Fighter IV, Resident Evil 5 and Bionic Commando. The Capcom Unity Card will be available online beginning February 17 -- SFIV's launch date, we're guessing not concidentally -- and offer some interesting rewards for their use.The most immediate benefit will be a 15% discount off purchases made using the Unity card on Capcom's online store. Every dollar added to these "rechargeable" cards will also grant their holders five Capcom Unity Points, which the company says "can be used in a number of different ways" at a revamped Capcom Unity website. Auctions and raffles are already planned, with Capcom developing "a larger suite of rewards ... above and beyond the standard incentives." According to the announcement, these will range from "exclusive access" to beta programs for upcoming games to the possibility of "being written into a Capcom game or comic book" and -- get this -- potentially landing a spot as an extra in a movie based on Capcom properties. Additional card designs are also in the works (we know: "Where's my Mega Man?"). Most intriguing of all, card holders will be able to send money to other folk's Capcom Unity cards online. We think the timeline will go something like this: February 17, Capcom Unity card launches; February 18, the first underground SFIV fight betting network using the Unity card is formed.
Japan's online games industry steps up security
The potential for having a hacked game account clearly goes hand in hand with online games, regardless of which country you're in. Japan is taking aim at this particular issue through a rather significant partnership with Visa International, reports Nicholas Aaron Khoo for CNET Asia. The Japan Online Game Association (JOGA) has pushed for the industry-wide adoption of Verified by Visa by year's end. Verified by Visa uses SSL encryption as part of its Three-Domain (3-D) Secure platform, and it's hoped that establishing this industry standard will reduce the frequency of stolen accounts. Khoo writes, "According to JOGA, Verified by Visa has already been implemented by over 60 percent of online gaming companies in Japan -- the highest among any online retail and service provider industry categories." You can check out the full story in Khoo's "Peace of mind for Japanese gamers?" as part of his Geekonomics column at CNET Asia.[Via PlayNoEvil]
EVE Online player loses USD 19,000 in shady virtual currency deal
The sci-fi game EVE Online is set apart from many other massively multiplayer online games by its economy. While there are currently problems with the game's market due to a serious exploit, the economy isn't getting reset anytime soon. The currency of EVE's virtual economy is the Inter Stellar Kredit (ISK). As in the real world, money can be power in EVE's 'New Eden' galaxy. Most online games built around a virtual economy will ultimately need to deal with the real money trading (RMT) issue -- either make it a bannable offense or support and regulate it in some way. CCP Games figured if RMT is happening whether they want it to or not, they may as well have some way to regulate it. EVE Online has a few legitimate ways to bring real world money into the game. Game Time Cards (EVE Time Codes) can be converted to ISK without risk of getting your teeth banhammered in by CCP Games. They offer a secure way to sell game time to players where neither party can be scammed, and more recently a way to turn game time into an item (PLEX) that can be sold on the open market in-game. When a player buys that item, he or she extends their account subscription. The upside for some players is that they can actually pay their subscription fees in the ISK they've earned in-game, for others it enables them to buy a faction battleship or a number of other virtual items.But... some people just go too far with all this, and buy ISK in huge amounts. Even worse is doing so outside of the EULA-safe methods. This was the case with an EVE player in Denmark, who paid 100,000 Danish Krones (the rough equivalent of 13,500 Euros or USD 19,000) for currency from a shady ISK seller outside of the secure system, and was ultimately left with empty pockets, even after the case ended up in court.
Get a PlayStation credit card, $150 off PS3 purchase
If you're going to hurl yourself into an inescapable and ultimately ruinous pit of financial debt, at least do it for a good cause. Like video games! The official PlayStation blog has revealed a sleek little silver number in the form of a PlayStation-branded VISA credit card. Aside from facilitating reckless shopping sprees, the card offers a special introductory sign-up offer: $150 credit towards the purchase of a PlayStation 3. The offer will expire after December 31, 2008.To partake in this Holidaze deal, you can either get approval and purchase the system online, or apply here and purchase the console from any authorized retailer. Be sure to read the small print -- and if it's all small print, it probably means the repo man is walking away with your computer monitor.
Rogers holds hands with RBC / Visa for mobile phone payment pilot
If you're tired of paying for random snacks and such the old fashioned way (you know, swiping your credit card and handing over your John Henry), Rogers Wireless feels your pain. While not the first mobile payment initiative to hit the Great North, this one has some pretty notable backers. Starting in mid-2009, Rogers, RBC and Visa will join together to allow customers "to pay for small purchases" so long as they're holding one of the "specially-equipped mobile phones that can be waved at Visa payWave-enabled checkout readers at select retail stores and quick-service restaurants in Toronto's downtown core." The pilot will utilize Motorola handsets outfitted with Near Field Communication (NFC) contactless chips, while Gemalto will be managing the transfer of credit card information from RBC to the secure SIM card. There's no word on plans beyond the trial, but here's hoping it does something more than just fizzle out.[Via mobilesyrup]
Symbian Foundation grabs a dozen more members, ARM / Huawei included
Just like your extended family, the Symbian Foundation just keeps growing. And growing. And growing. Merely a month and change after coaxing the likes of Sharp, Opera Software, South Korea's KTF, and UIQ to join the perpetually raging party, along comes word that a dozen more have confessed their allegiance. During the first day of the 2008 Symbian Smartphone Show, we were told that over fifty companies were now in support of the Foundation, including twelve newcomers; in no particular alphabetical order, they are ARM, CIeNET, Flander, FUJISOFT, Huawei, Inmote, InnoPath Software, Red Bend, Scalado, Symsource, TRANGO Virtual Processors and Visa. The outfits are all planning to band together in order to create "the world's most open platform for mobile devices" when operations begin in 1H 2009, but until then, everyone's just taking an extended vacation and heading to Fiji to "brainstorm."[Via Mobileburn]
Visa gunning for your phone, announces Nokia and Android plans
Neither mobile banking apps nor mobile payment technologies are anything new, but the depth of Visa's newfound commitment to anything and everything mobile here is pretty unique. The company has announced a slew of initiatives to make it as frighteningly easy as possible for cardholders to do cool things with their accounts right from their phones starting with the launch of the Nokia 6212 Classic next month, which will serve up NFC-based contactless payments, cardholder-to-cardholder transfers, and realtime account alerts (subject to issuing bank availability). Meanwhile, they've wasted no time jumping on the Android bandwagon, revealing that they've hooked up with Chase to offer an Android app that delivers notifications, merchant "offers," and a location-based search of nearby retailers that accept Visa cards (which is pretty much all of them in our experience). If the Chase trial pans out, Visa plans to shop the Android app around to other issuing banks. Finally, there's also a new web-based mobile money transfer pilot going down that's scheduled to kick off around the end of the year involving several banks and "as many as" 6,000 cardholders; what are the odds that those 6,000 are going to be transferring much money among each other, though?[Via CNET]Read - Nokia partnershipRead - Android plansRead - Mobile money transfer
Charge it with an Xbox 360 credit card
Microsoft is doing their darndest to make an Xbox 360 presence in the foreign lands of India, so much so that they've partnered with ICICI Bank and VISA to offer a new Xbox 360 credit card. For realz!Not only is this Xbox 360 credit card stylish and comes with the ability to get you a complete home entertainment system without having a dime to your name, but it also comes with a few discounts on Xbox 360 games and hardware. (15% off Gears of War FTW!) If they decide to bring the 360 card Stateside, we'd consider signing and jumping in with VISA. Though, we would require the card to be customized with our Gamertag. That's the deal breaker.[Via Siliconera]
Sony Station downtime for payment security upgrades
Sony's Account management and Commerce systems, Station Store and CSG store are all shutting down later this-morning to add Mastercard/Visa Securecode support to payment and billing systems.All the game servers will remain up, but the outage window for account, billing and payment services is only approximate at about four hours from 9AM US Pacific time today, Tuesday 4 March. The securecode system has come under some criticism for lending itself to phishing scams, and indeed there have been some attempts to target cardholders with such scams since the program's introduction. At the end of the day, we're not actually sure if Securecode will make your accounts and cards more secure, but a correct implementation of the system will leave Sony Online Entertainment less liable in the event of fraudulent transactions.
Second Life ranked 8th Most Effective Placement on TV in 2007
According to hollywoodreporter.com, Second Life enjoys the 8th Most Effective Placement on TV this year, behind Nexxus on the show 'Shear Genius', and in front of Visa on the show 'What Not to Wear'. Interestingly, according to the graphic, this is the public's response to SL's appearance on The Office, even though said appearance was virtually 1% of the entire content of the show, as opposed to the CSI: NY episode, in which SL is the subject of the plot.Now, what this means to you and me is probably not a whole lot. As I understand it, this measures how the product is perceived by John Q. Public, and in this case, being on The Office means that SL has gained some respect by merely rubbing shoulders with that popular sitcom. Perhaps if Fury had been able to swing a mention ... nah, some things you just can't save. [Thanks, Neptune!]
USB flash drive payment system hits South Korea
We've definitely seen some outlandish attempts at improving or outright replacing the humble credit card, but South Koreans will soon be able pay for purchases using the most easy-to-lose system we've seen yet -- by inserting a special USB flash drive into a slot. The system, which is being rolled out by Shinhan Card and Visa, also lets users pay for online purchases by sticking the drive into their computers' USB ports, and Shinhan is also rolling out new terminals that will enable contactless payments using the device as well. Of course, the drive itself is locked down tighter than a drum, but we still aren't convinced a bulky flash drive is a better option than phone-based or biometric payment systems.[Via The Raw Feed]
"Wave-and-pay" system headed to Canada
Oh, Canada! If all goes to plan, you Canucks up north will soon be able to take advantage of technology that is already in use in many corners of the globe. Reportedly, the Royal Bank of Canada and Visa Canada will be teaming up to launch a pilot program that enables users to purchase goods by just waving their cellphone in front of a reader. The handsets will sport an embedded microchip to pass along payment information, and similar to PayPass setups, it'll require no pin / password / signature for transactions under $25. Anne Koski, head of payment innovations at Royal Bank's cards division, noted that it was still too early to say which mobiles would eventually feature the built-in technology, but hopefully we'll be finding out sooner rather than (even) later.[Image courtesy of USATech]
Visa rolls out payWave-enabled Micro Tag key fobs
In the latest scheme to make it just a little easier for you to part with your money, Visa has begun rolling out its Micro Tag key fobs for contactless (and if under $25, signature-less) payments. The issuer-customizable Tags are based on Visa's payWave technology -- an RFID system similar to MasterCard's PayPass -- and are meant to act as companions to existing credit and debit cards. To commemorate the launch, Visa passed out 1,000 Tags pre-loaded with $15 at yesterday's San Francisco Giants game at AT&T Park, encouraging fans to purchase the fatty stadium concessions that could perhaps lull them into the false notion that this is a completely secure payment method.[Via Geekzone]
'Sims' credit card will buy everything but a life
The official Sims 2 site is featuring a page of four different Visa credit card designs inspired by the game, encouraging fans to vote for their favorites. The site gives no info other than the cryptic announcement that the card will be "coming soon." While many Sims players seem to think it's a late April Fool's joke, so far it appears to be real. That means you'll be able to spend real dollars with a card promoting a product that turned consumerism into a game. Anyone else's brain exploding right about now?
Researchers hack RFID credit cards. Big surprise.
RFID has been riddled with so many problems, it's amazing that anyone even has a shred of confidence in this technology at all. Our latest security problem du jour is that credit card companies are apparently issuing plastic that relays your digits wirelessly; as you might have guessed, security researchers are checking into this, and in a demonstration for The New York Times, easily hacked a University of Massachusetts computer science professor's newfangled RFID credit card. In short order (and with his permission), a researcher working with RSA Labs was able to steal the professor's name and credit card number that was being transmitted in cleartext -- thereby poking massive holes in Visa, MasterCard and American Express' claims that these card include "the highest level of encryption allowed by the U.S. government." Predictably, the credit card companies have already dismissed claims that the populus will be greatly affected by this hack. Brian Triplett, senior vice president for emerging-product development for Visa, told the Gray Lady: "This is an interesting technical exercise, but as a real threat to a consumer - that threat really doesn't exist." Well, Brian, care to put your plastic where your mouth is?[Via TechDirt]
Visa and Nokia team up for mobile payments
It's not as foreign of a concept now that PayPal is offering mobile payments in the good ol' US of A and RFID credit cards abound, but Visa and Nokia are getting their own little project off the ground in Malaysia for credit card payments from a mobile phone. The "Mobile Visa Wave Payment Pilot" is based on the simple idea of smart card payments, but embeds the radio inside a Nokia phone instead of a credit card. During the trial, 200 Visa Wave cardholders will get to spend their monies with the wave of a special Nokia 3230 phone, with 2500 retail outlets accepting such payments. Visa of course claims a great deal of security for the project, but we're still leaving that blink card at home for now.
