Yahoo News - Obama signs Patriot Act extension with autopen
Yahoo News reports, "Congress on Thursday passed a four-year extension of post-Sept. 11 powers to search records and conduct roving wiretaps in pursuit of terrorists. Votes taken in rapid succession in the Senate and House came after lawmakers rejected attempts to temper the law enforcement powers to ensure that individual liberties are not abused."
2011/05/26
My Way News - Google tries to replace wallets with smartphones
My Way News reports: "Google Inc. is trying to nudge consumers and merchants into a world where the smartphone has replaced the wallet as the container for credit cards, coupons and receipts [...] The Internet search and advertising company faces tough competition from cellphone companies, payment card issuer Visa Inc., eBay Inc.'s PayPal payment service and others. All of them want to play the central role of tying together phones, retailers and banks into a new payment system."
Comment: Once again, this is not the mark, just a trend we are watching. I always feel that I need to include a disclaimer, you know how gullible people can be. The mark may have nothing at all to do with payment systems, we are just watching the trends. This trend is important because there are many parts of the world in which people don't have credit cards but they do have cell phones, so mobile payment systems bring a much larger part of the world into the global economic system.
My Way News reports: "Google Inc. is trying to nudge consumers and merchants into a world where the smartphone has replaced the wallet as the container for credit cards, coupons and receipts [...] The Internet search and advertising company faces tough competition from cellphone companies, payment card issuer Visa Inc., eBay Inc.'s PayPal payment service and others. All of them want to play the central role of tying together phones, retailers and banks into a new payment system."
Comment: Once again, this is not the mark, just a trend we are watching. I always feel that I need to include a disclaimer, you know how gullible people can be. The mark may have nothing at all to do with payment systems, we are just watching the trends. This trend is important because there are many parts of the world in which people don't have credit cards but they do have cell phones, so mobile payment systems bring a much larger part of the world into the global economic system.
2011/05/25
My Way News - Banks offer cash transfers to cell numbers, emails
My Way News reports: "Three of the nation's four largest banks are launching a system that lets customers transfer money from their checking accounts using only a mobile number or email address [...] The service is a joint venture between Bank of America Corp. (BAC), JPMorgan Chase & Co. (JPM) and Wells Fargo & Co. The banks expect to add other financial institutions, eventually creating an industry-wide utility for moving money [...] The service is a direct threat to PayPal, which dominates the market for online electronic payments with nearly 100 million active users."
Comment: An interesting development in mobile commerce.
My Way News reports: "Three of the nation's four largest banks are launching a system that lets customers transfer money from their checking accounts using only a mobile number or email address [...] The service is a joint venture between Bank of America Corp. (BAC), JPMorgan Chase & Co. (JPM) and Wells Fargo & Co. The banks expect to add other financial institutions, eventually creating an industry-wide utility for moving money [...] The service is a direct threat to PayPal, which dominates the market for online electronic payments with nearly 100 million active users."
Comment: An interesting development in mobile commerce.
My Way News - Activists warn G-8 against Web restrictions
My Way News reports: "Internet activists and digital entrepreneurs warned Wednesday that if global leaders attempt to limit access to the Web, their restrictions will be bypassed and they will become irrelevant [...] more than 60 countries now have some form of Internet censorship in place, and that number is growing."
My Way News reports: "Internet activists and digital entrepreneurs warned Wednesday that if global leaders attempt to limit access to the Web, their restrictions will be bypassed and they will become irrelevant [...] more than 60 countries now have some form of Internet censorship in place, and that number is growing."
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