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06 Dec 2011 11:23

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Tech: Verizon blocks Google Wallet on “security” concerns

  • Read: Google’s product is competing with our product. Google Wallet has drawn a lot of attention in recent months for its end-to-end reinvention of the paying experience — one that, if it takes off, could make carrying around credit cards a thing of the past. However… the first phone on Verizon’s network that could support the technology behind Google Wallet, the Galaxy Nexus, has the software disabled. The company says they’ve blocked it in an effort to provide “the best security and user experience.” However… Verizon is working with AT&T and T-Mobile on a competing service, Isis, which has yet to launch. Perhaps that’s it? Yeah, we think so. source
Posted by Ernie Smith • 0 Comments • Permalink

19 Sep 2011 20:03

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Tech: Google Wallet opens, but the odds you can actually use it are slim

  • good Google has both Visa and MasterCard on board for its next-generation digital payments system, meaning they have a built-in infrastructure.
  • bad While that infrastructure — in the hundreds of thousands of retail outlets — is pretty big, Visa and MasterCard reach tens of millions of retail outlets.
  • worse In the short-term, only one network — Sprint — sells a device that’s actually compatible with Google Wallet. Own a Sprint Nexus S 4G? You’re in luck. source
Posted by Ernie Smith • 0 Comments • Permalink

08 Dec 2010 20:08

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Biz, World: Anonymous leaks Mastercard numbers; Mastercard sez they’re fake

Yo, Anonymous, this Mastercard thing was funny until you pretend to start publishing people’s credit card numbers. To quote Walter Sobchak, “OVER THE LINE!” source
Posted by Ernie Smith • 0 Comments • Permalink

07 Dec 2010 13:33

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World: Visa, Mastercard just made it really hard to donate to Wikileaks

Posted by Ernie Smith • 0 Comments • Permalink

17 May 2010 10:36

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Biz: Don’t expect credit companies to give up the war on card fees

  • They plan to keep fighting for them. The interchange fees, which merchants often complain about as being too high for certain transactions, could put a big crimp in Visa and MasterCard’s bottom line if regulated as part of a broader financial reform package. “We lost this battle. It’s a big battle,” said MasterCard’s President for U.S. Markets Chris McWilton. “But the war wages on and we’ll be working really hard over the next week or so to stop this.” If you own a small business, watch this battle. source
Posted by Ernie Smith • 0 Comments • Permalink

14 May 2010 10:55

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Biz: Credit-card makers hit hard by the Senate’s debit-card changes

  • -8.5% decline in Visa’s stock since the Senate passed the changes last night
  • -7.5% decline in MasterCard’s stock; the amendment limits card fees source
  • » Other companies: Visa and MasterCard felt it the worst, but they weren’t alone. American Express and Capital One also fell sharply in trading this morning due to the amendment’s unexpected passage, which limits the fees card companies can charge merchants. It still needs to go through the House as part of the broader financial reform bill.
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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