Bank Accounts
Recently, Bill and Melinda Gates published their annual letter stating that one of their future goals is to improve global banking. Global digital finance, while important, is only part of the goal. The other half, the part most overlooked, is the general use of financial institutions, both traditional and mobile. Roughly 2.5 billion adults worldwide […]
Shop, Exchange, Return – The Fun Never Ends
The National Retail Federation estimates $10.9 billion lost this year due to return fraud after the holidays, in a survey they conducted from over 60 retail companies. The electronic payments industry has created numerous preventative measures to fight fraud, which is outlined in various best practices documents and the data security standards that each merchant […]
An Important Key
The key to life isn’t a metal key at all, but rather an app on your phone – and it opens everything! More and more Android and iOS applications are featuring capabilities that aim to extinguish the traditional bulky key ring. In the beginning the only thing your phone could open with a passcode was […]
Samsung And LoopPay To Take On Apple Pay™
With NFC payment on the horizon and Apple Pay™ about to take off, Samsung wants to get in the game as well and is looking to integrate LoopPay technology into their devices in 2015. In some ways, this technology could be even better than Apple Pay™ and would work in many more places. The talks […]
Some in the Dark about Apple Pay
A recent article about Apple Pay brought up a major issue with the near field communication (NFC) based technology: major corporations are not training their employees to use Apple Pay. Consumers are attempting to use Apple Pay to conduct electronic transactions, and the cashiers’ reactions to this new technology range from confusion to encouragement of […]
EMV, NFC, WTF?!
Apple Pay recently brought Near Field Communication (NFC) to the general public’s attention. The new EMV initiative has been a topic of the electronic payments industry for a while now. But what do all the acronyms mean, and what do you REALLY need to know? EMV, NFC, WTF?! Here’s what you need to know. EMV […]
So Long, Wallet
CitiBank is advertising Apple Pay on Twitter with their sponsored hashtag, #SoLongWallet. The idea is that with Apple Pay and digital wallets being the new trend in electronic transactions, customers can “kiss their wallet goodbye” in favor of only using their iPhone to pay for their purchases. One of the most popular rebuttals to this […]
What’s With the Chat App Money Transfers?
The other day, I was Snapchatting a friend of mine, telling them that on Black Friday, I got a copy of a great DVD for only $4. As soon as I typed the dollar sign and the number four, the amount lit up and I realized that if I wanted to, I could transfer four […]
Coin – All Your Credit Cards In One
You’ve heard of a traditional coin and you’ve probably heard of Bitcoin – but now, there’s simply – Coin. It’s a device, spawned from collective funding, that takes all of your credit cards and jams them into a single, sleek device. It’s unlike Apple Pay in that a special terminal isn’t needed by merchants to […]
Fraud Friday
Happy Black Friday! The experts at National Merchants Association hope you had a safe and happy Thanksgiving. While on the topic of staying safe, let’s talk about how your money (and your identity!) can stay safe during the rush of holiday shopping. With 1 in 3 Americans planning on raiding retail stores for the best […]