money

Plastc burns backers for $9m as smart credit card is declined

Plastc burns backers for $9m as smart credit card is declined

Three years ago the folks at Plastc came together to make a smart credit card - now that dream is over. A note sent to potential users, investors, and everyone in-between, was sent out this week. This note spoke about how not only would Plastc not be dolling out smart credit cards, they'd be filing for Chapter 7 Bankruptcy as well. This means that the money is gone, and the party is over.

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MasterCard now has a fingerprint-protected card

MasterCard now has a fingerprint-protected card

Fingerprint sensors are now everywhere. Once the stuff of science fiction and spy movies, the biometric system now unlocks smartphones, laptops, and credit cards. Yes, credit cards. That is, if MasterCard’s pilot test is successful. The financial services giant has just announced that it has kicked off test in South Africa for a “next generation” card that combines the usual chips you find in cards today with a biometric sensor that promises more secure transactions and less opportunities for fraud.

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Gmail update allows requesting and sending money

Gmail update allows requesting and sending money

The folks responsible for developing Gmail have teamed up with the folks behind Google Wallet to put money in email. Transferring money from one person to the other takes place within the Gmail app or in Gmail on the web. Users can send money or claim money. The best bit about this update is the lack of need for a separate app from the receiving end of the transaction.

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Bitcoin is now worth more than an ounce of gold

Bitcoin is now worth more than an ounce of gold

A single Bitcoin is currently worth more than an ounce of gold, marking a new milestone for the cryptocurrency. The move follows a steady rise in Bitcoin value, a trend that itself ended the cryptocurrency's long-running streak of low value throughout 2015 and part of 2016. At the moment, an ounce of gold is worth just under $1,238 and a single Bitcoin is worth just a tad over $1,238.

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Razer zGold and zSilver detailed: Virtual Currency for gear and games

Razer zGold and zSilver detailed: Virtual Currency for gear and games

The folks at Razer have introduced zVault, a virtual currency system that can be used to buy gear and earn games. Fans of Razer can pay real cash to get zGold - or earn zGold for verifying their Razer account with zVault. Once they've earned or purchased an amount of zGold, they can head to gaming stores such as the unfortunately titled GamersGate to trade zGold for goods.

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Google Wallet on the web now lets you send, receive money

Google Wallet on the web now lets you send, receive money

‘Tis the season for giving. Or so they say. Sometimes, however, it’s also the season for giving back. Yes, we’re talking about that money you owe your best bud from your last Starbucks. OK, so maybe that’s not the only reason you need to send someone money or even, gasp, ask for money, but whatever the reason, Google is making it a lot easier to do just that. The new Google Wallet web experience isn’t just snazzier, it also lets you send and request payments right then and there on your browser, no apps needed.

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Visa card info can be guessed, stolen in six seconds

Visa card info can be guessed, stolen in six seconds

It has never been easier to buy stuff online, be they digital goods or ordering for physical ones. But, like many conveniences, that may have come at a price that no one will be willing to pay. According to security researchers from Newcastle University in the UK, that price is security. They have demonstrated that it only takes six seconds to get a Visa credit or debit card’s number, expiry date, and security code, all thanks to a lax security implementation in its online payment system.

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Samsung Pay Rewards gives users points for mobile payments

Samsung Pay Rewards gives users points for mobile payments

Samsung has announced the launch of rewards for Samsung Pay users located in the U.S., something the company says is a first among mobile payment platforms. The rewards work in a way similar to credit card rewards — every time you make a payment with Samsung Pay, points are applied to your account and can be used toward various rewards. The company points out that in the case of credit cards with rewards, this may enable users to earn double the points — rewards from Samsung and from their card issuer.

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MasterCard selfie payments are rolling out in the US and Canada

MasterCard selfie payments are rolling out in the US and Canada

MasterCard showed off ‘selfie pay’ and fingerprint payment technology several months ago, and now the services are rolling out in the United States and Canada. Called Identity Check Mobile, this new technology uses both biometric data varieties to authorize online payments. The idea is that using fingerprint or facial images is safer than current options, and you won’t have to remember a password to log in.

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Android Pay begins its Asian expansion with Singapore

Android Pay begins its Asian expansion with Singapore

On the heels of Samsung launching its own Samsung Pay system in Singapore, Google is now announcing the availability of Android Pay in the same city as well. Largely considered to be tech capital of Southeast Asia, Singapore enjoys being usually the first target of new technologies and platforms in the region. Now Android users in the country will be able to test the promised hassle free benefits of not having to get out your wallet to pay for your next coffee or next McDonald's buy.

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Microsoft Wallet tap to pay is officially out, for Insiders

Microsoft Wallet tap to pay is officially out, for Insiders

It's finally here. Microsoft has finally announced its formal entry into the mobile payments market. Or rather, as Microsoft calls it, cloud-based payment. As reported before, Microsoft Wallet is the new Windows 10 Mobile app that will enable this tap to pay feature for a very select few Lumia models. But since Microsoft has partnered directly with MasterCard and Visa, it means that any contactless payment terminal automagically supports Microsoft Wallet as well. Plus, it supports rewards and loyalty cards right off the bat as well.

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US Bank, MasterCard now supports Android Pay, Samsung Pay

US Bank, MasterCard now supports Android Pay, Samsung Pay

The initial furor over competing mobile payment systems may have died down just a wee bit, but that's because they're silently working to rope in support from more financial institutions and merchants. Although some might consider non-Apple Pay systems to not be that popular, that doesn't necessarily translate to reality. Take for example the recent announcement from US Bank that embraces both Android Pay and Samsung Pay, enabling the two mobile payment methods for the bank's MasterCard holders.

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