You know that feeling — you get through several screens on a website that has something you want to buy, only to land on a page that wants all your gritty credit card details. You have to get your card out, painstakingly identify the rubbed out numbers on the card, and carefully enter them. One slip and you’re back to square one. In iOS 8, that scenario is going to be a lot easier with credit card scanning.
While Target recovers from their shocking $40 million credit and debit card record theft from last year, Visa and MasterCard have joined forces to push for a new chip-enabled card that will improve security for all transactions. These two credit card brands have set a potential October 2015 deadline for all US retailers to adopt and setup the infrastructure for the new card system.
The security of credit card systems at major retailers has been on the forefront of the minds of many shoppers since the major Target credit card breach that happened a few months ago. In that breach a huge number of credit cards were compromised. It looks like another retailer may have suffered a serious credit card security breach.
There's a few more pointed features appearing in the digital credit card known as Coin this week, these being shown in conjunction with a note that their initial crowd-funding goal had been met in just 40 minutes, right out the gate. Coin suggests that their funding campaign began at a cool $50,000 and was met in just under 40 minutes, making this campaign one well on its way to crowd-funding history - we'll see at the end of the funding timeframe, of course.
The Google Wallet Card has finally appeared in the real world after months (and perhaps even years) of chatter behind the scenes on its official status. This Google Wallet connection takes the form of a debit card with the support of MasterCard, using your Google Wallet balance wherever a MasterCard is accepted. At the moment it appears to be just about as simple as it possibly can be - a debit card at its base.
There's a credit card device by the name of Coin appearing this month with full intention of a full release inside 2014, and this week we've had a brief chat with the founder and CEO of the company to pose a few queries regarding real-world use. While the card itself wont be produced for the public in bulk for several weeks at least, there are quite a few things we needed to find out before we went out and dropped cash on a multi-card device we'd never play-tested ourselves before.
Today the device known as Coin has come to light, fully prepared to take the place of all of the credit cards, gift cards, membership cards, and whatever other kind of cards you've got in your wallet or purse consist of. What you're working with here is a single (black, for the time being) card with a digital screen that connects to your smartphone and tells the scanner what data you'd like to share. This card can be whatever you need it to be.
AnonNews.org this weekend posted a 3.8 GB file listing over 150 million Adobe account usernames and hashed passwords stolen in the late September breach that came to light Oct. 3, reports Krebs Online Security. 38 million users were directly affected and have already been contacted by Adobe to change their passwords. That figure is above and beyond the 2.9 million accounts whose encrypted credit card information was stolen. The breach, it is now known, also included stolen source code for more of Adobe's programs than previously believed.
It looks like both Microsoft and American Express are looking to invest in Foursquare. According to details coming from Bloomberg, the two companies are looking to take an equity stake in the company. The interesting part here, both companies are said to be competing against each other. That is, as opposed to going in on a joint bid.