Tag: credit card
How secure is Samsung Pay?
Mashable raised questions about the security of Samsung Pay. Samsung copied Apple Pay but needed a differentiating factor. Samsung Pay incorporates LoopPay technology to allow its phones to work at magstrip readers. These are the types of credit card readers seen at most U.S. retailers — but Apple Pay doesn’t work with them. Apple’s mobile…
CurrentC versus credit cards
Ron Shevlin wrote for Snarketing 2.0 on CurrentC. Furthermore, let’s review again the impetus behind the MCX consortium. If merchants simply needed a place to push out more coupons and drive more business, they could have partnered with Google or Apple. But they didn’t. They set up their own payment processing capabilities, because the real…
Credit card data of Target’s customers stolen in a major breach
Chicago Tribune reports on a major credit card breach of Target’s customers. Payment card data was stolen starting from the Black Friday weekend. Investigators believe the data was obtained via software installed on machines that customers use to swipe magnetic strips on their cards when paying for merchandise at Target stores, according to the person…
One Coin to rule them all
Aside from the cheeky, and possibly misleading name, Coin is a product that could go a long way to helping us solve the issue of fat wallets. After all, why carry so many pieces of plastic when you can just carry one? It’ll have additional hurdles in countries where security chips are implemented in cards,…