money

LG Pay “White Card” to be first to have integrated circuit

LG Pay “White Card” to be first to have integrated circuit

By the time LG Pay fully launches later this year, it will probably the youngest and smallest in the still budding mobile payments market. However, it could come with an ace that will, at least in theory, trump even giants like Apple Pay and Samsung Pay. Already leaked before was the "White Card" that will be used with LG Pay, practically a programmable card that can be used on traditional terminals. This would be the first time an integrated circuit or IC will be used in a card for a mobile payment system.

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Bank of America’s Cardless ATMs now support Android Pay

Bank of America’s Cardless ATMs now support Android Pay

Google didn't make much of a big splash about Android Pay at I/O 2016, but Bank of America isn't going to let the conference pass without putting a word in. Going on stage with Google senior director for Android Pay Pali Bhat, BoA's head of digital banking Michelle Moore made the big announcement Android Pay users have been hoping for since the beginning of the year. At least those with Bank of America debit cards among them. Now they safely and conveniently withdraw cash from select ATMs without having to whip out their cards or even their wallets.

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Samsung Pay finally supports membership, loyalty cards in US

Samsung Pay finally supports membership, loyalty cards in US

These days, and especially in the US, purchasing items is no longer just a simple case of handing over the exact amount in exchange for a product. A lot of times, discounts or deals are applied via membership perks or loyalty incentives. To put it in perspective, Samsung says that an average American household juggles around 30 loyalty cards, which all add up to bulking your wallet. As part of its mission to digitize money, Samsung Pay is finally getting support for those loyalty cards to make shopping in the US even more convenient.

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Android Pay lands in the UK, without Barclays of course

Android Pay lands in the UK, without Barclays of course

Even with Google's clout behind it, Android Pay's international rollout hasn't exactly been progressing as blazing fast speed. Still, any new territory covered means more opportunities for Android Pay, and more chances of competing with Apple Pay (or even Samsung Pay). The newest territory to join Google's mobile payment kingdom is, well, the United Kingdom, allowing Android users to pay for coffee or transportation with just a tap of their phone. But as might have already heard, Barclays has opted not to join that party and set up one of its own.

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DAO organization raises $100m, without CEOs, managers

DAO organization raises $100m, without CEOs, managers

Every employee, at one point in time or another, probably dreamed of working in a company where no one is the boss. While there are indeed some small businesses, especially startups, that follow that culture, every organization has leaders, managers, board members, and what not. Not DAO. Short for "Decentralized Autonomous Organization", the very name itself signifies that it has no such overlords. Instead, everything DAO does is determined through "contracts" and computer code. And despite that somewhat nebulous description, DAO has already managed to raise more than $100 million from investors. At least the real world eqiuvalent of virtual money.

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MCX postpones CurrentC mobile payment, lays off 30 employees

MCX postpones CurrentC mobile payment, lays off 30 employees

Did MCX, short for the Merchant Customer Exchange, bite off more than it can chew when it proudly revealed CurrentC to take on the likes of Apple Pay and Android Pay? Perhaps that is the case. Or maybe MCX finally understood the writing that has been on the wall ever since it announced its mobile payment system back way back in 2014. Now the consortium has announced that it is postponing the rollout of CurrentC and, as a side effect, is letting go of 30 of its staff.

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Samsung Pay can now withdraw from ATMs in South Korea

Samsung Pay can now withdraw from ATMs in South Korea

It was probably already expected but, until now, we never really knew when it would be coming. At its developer conference, Samsung revealed that, indeed, its Samsung Pay will soon let you withdraw money from an ATM even without a physical card. As futuristic and convenient, or even scary, as that may sound, it comes with a very big limitation. It is, for now, only available in South Korea and actually only with Woori Bank. And Samsung has made no plans yet to spread it wider.

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New $20 bill to depict Harriet Tubman; 3rd woman ever on US paper money

New $20 bill to depict Harriet Tubman; 3rd woman ever on US paper money

The new $20 bill will feature a portrait of Harriet Tubman - civil rights activist and freedom fighter. This was announced by United States treasuring secretary Jacob J Lew, who also outlined plans for new $10 and $5 notes. The new set of paper money bills will not look like what you're seeing in this article - instead, they're going to be at least partially redesigned aside from the changing-out of historical figures. This is as much about aesthetics as it is about security features.

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With TD Bank, Regions Bank, Samsung Pay gets 75% of market

With TD Bank, Regions Bank, Samsung Pay gets 75% of market

Although much of the initial hype surrounding mobile payment systems have somewhat dialed down lately, Samsung isn't pausing its aggressive push to takeover the US market. The manufacturer has just announced the addition of both TD Bank as well as Region Banks to its still growing roster of supported institutions for Samsung Pay. Now with a total of 130 banks and credit unions, Samsung boasts that it already has more than 75% of the US credit and debit card market within its grasp.

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Japan looks to fingerprint payment system for tourists

Japan looks to fingerprint payment system for tourists

Forget NFC, heck forget even plastic. Japan is going for fingerprint currency instead. Almost like a page out of a sci-fi novel, the Japanese government is eying the use of fingerprints to implement not just identification but also payment systems for tourists. This will practically fill in the need for tourists to present passports at hotels and inns as well as the need to use credit cards for purchases. Japan intends this sure to be contentious method as a way to increase the volume of tourists, in preparation for the 2020 Tokyo Olympics and Paralymic Games.

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Newspapers cry foul over Brave browser’s ad scheme

Newspapers cry foul over Brave browser’s ad scheme

Many who spend hours upon hours on the Web are probably acutely aware of the situation surrounding advertisements. Many of them might have even taken to using one of them so-called ad blockers. Ads are mostly considered nuisances at best, privacy liabilities at worst. But they also happen to be a legitimate and important source of income for many Web content publishers. The new Brave browser is taking a rather unconventional stance at fighting ads, mostly by replacing them with other ads. That, however, has irked not a few newspapers in the US who are practically labeling Brave's system as theft.

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Apple Pay tipped to land on websites in time for the holidays

Apple Pay tipped to land on websites in time for the holidays

It seems that Apple Pay is ready to spread its wings and fly high, all before the year ends and in time for the shopping insanity that accompanies the holiday season. Although the service is perhaps more popular, or unpopular, for its NFC-based payment system for in-store purchases, Apple Pay also offers convenient and secure shopping on mobile apps. According to sources, Apple will be bringing that convenience and security to purchases done on websites, inside browsers, as well. The catch, it will only be available on your iPhone or iPad.

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