My Way News - Will Apple Pay be the next iRevolution?
My Way News reports: "Mobile pay isn't new; rival tech companies and the banking industry
have worked on such systems for years. But Apple is launching its new
service at an ideal time, says Gartner tech analyst Van Baker. Consumers
are increasingly worried about the security of traditional credit and
debit cards and U.S. merchants are facing new mandates to switch to
safer chip-based cards or other payment systems."
2014/10/16
2014/10/14
My Way News - South Korea identity thefts forces ID overhaul
My Way News reports: "After an avalanche of data breaches, South Korea's national identity card system has been raided so thoroughly by thieves that the government says it might have to issue new ID numbers to every citizen over 17 [...] ID numbers and personal details of an estimated 80 percent of South Korea's 50 million people have been stolen from banks and other targets since 2004, according to experts. Those numbers stay with South Koreans for life and, instead of being picked randomly, are based on their age, sex and other details. They are used to confirm identity, get a job or government services and even to buy cigarettes."
Comment: Not the Mark, but a good example of how mandatory identification systems can be imposed by governments...and how they can go awry.
My Way News reports: "After an avalanche of data breaches, South Korea's national identity card system has been raided so thoroughly by thieves that the government says it might have to issue new ID numbers to every citizen over 17 [...] ID numbers and personal details of an estimated 80 percent of South Korea's 50 million people have been stolen from banks and other targets since 2004, according to experts. Those numbers stay with South Koreans for life and, instead of being picked randomly, are based on their age, sex and other details. They are used to confirm identity, get a job or government services and even to buy cigarettes."
Comment: Not the Mark, but a good example of how mandatory identification systems can be imposed by governments...and how they can go awry.
2014/10/07
Your phone is your next credit card - CNN.com
CNN reports: "More than 70% of U.S. adults have smartphones, and more than one in five have already used a 'mobile wallet' in the past 90 days, according to Mary Monahan, executive vice president and research director at Javelin Strategy. More than half of mobile purchasers bought physical goods with their phones. The trend lines are clear. And as more apps and smartphones push mobile payments, consumers will become increasingly willing to ditch plastic for their phones."
CNN reports: "More than 70% of U.S. adults have smartphones, and more than one in five have already used a 'mobile wallet' in the past 90 days, according to Mary Monahan, executive vice president and research director at Javelin Strategy. More than half of mobile purchasers bought physical goods with their phones. The trend lines are clear. And as more apps and smartphones push mobile payments, consumers will become increasingly willing to ditch plastic for their phones."
My Way News - Twitter sues FBI, DOJ to release NSA request info
My Way News reports: "Twitter is suing the FBI and the Department of Justice to be able to release more information about government surveillance of its users. The social media company filed a lawsuit Tuesday in a California federal court to publish its full 'transparency report,' which documents government requests for user information. Twitter Inc. published a surveillance report in July but couldn't include the exact number of national security requests it received because Internet companies are prohibited from disclosing that information, even if they didn't get any requests."
My Way News reports: "Twitter is suing the FBI and the Department of Justice to be able to release more information about government surveillance of its users. The social media company filed a lawsuit Tuesday in a California federal court to publish its full 'transparency report,' which documents government requests for user information. Twitter Inc. published a surveillance report in July but couldn't include the exact number of national security requests it received because Internet companies are prohibited from disclosing that information, even if they didn't get any requests."
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