Visa Europe is prepping the continent for widespread mobile payment rollout with its new tokenization tech--the same kind of tokenization that makes it possible for Apple Pay to function securely.
Caitlin McGarry | 25 Feb | Read more
Apple Pay's eventful early days were full of highs and lows. Excited iPhone users rushed to test the mobile payment service on day one and found it super seamless. Cashier confusion, Bank of America's double-charging foul-up, and the NFC block at Rite Aid and CVS marred the rollout, but a major product launch is never smooth. And who knew CurrentC, a QR code-based app that isn't even on the market yet, would turn into such a huge thing?
Caitlin McGarry, Leah Yamshon | 01 Nov | Read more
People interested in checking out CurrentC, the mobile payment app from a retailers group that includes Walmart, Best Buy, and other major brands, signed up for the app's email list to get advance news about the launch. But that email list was hacked on Tuesday, leaking the addresses of a slew of early CurrentC testers. The news couldn't come at a worse time for the app, which has incurred the wrath of Apple Pay fans before its public debut.
Caitlin McGarry | 30 Oct | Read more
Apple Pay is poised to turn how we pay for goods at a retail store on its head. The new Apple Pay system lets you make purchases with the cards in your iTunes Store account. When you bring your iPhone 6 near an NFC-equipped payment terminal, you'll see your cards in Passbook, and you can authorize a transaction with the Touch ID fingerprint reader. That's it, you're done, and none of your sensitive credit card information was ever shared directly with the merchant.
John Brandon | 20 Oct | Read more
PCI compliance may seem like an arcane art if you're a small merchant, but you ignore it at your peril. Non-compliance with the security standards developed by the Payment Card Industry (PCI) Security Standards Council carries penalties of $5,000 to $100,000 per month.
Eric Geier | 25 Sep | Read more