2011/06/03

My Way News - China calls US culprit in global 'Internet war'
My Way News reports: "China already heavily filters content and blocks numerous foreign websites, a system known as the 'Great Firewall of China.' The police employ a large force of Internet monitors to scour the Web for content deemed illegal or subversive, and those users transmitting sensitive contact can be charged with sedition or other crimes."

2011/05/26

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."
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.

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 - 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."

2011/04/21

My Way News - Apple slammed over iPhone, iPad location tracking
My Way News reports: "Privacy watchdogs are demanding answers from Apple Inc. about why iPhones and iPads are secretly collecting location data on users - records that cellular service providers routinely keep but require a court order to disgorge [...] this week's revelation that the Apple devices do wasn't even new - some security experts began warning about the issue a year ago."

Comment: I think the media is getting a bit hysterical over this. I saw one media report that told viewers the location data could be read by anyone. That's just not true. You have to have access to the device and it's not being broadcast. Still, users should be made aware when location data is being collected by devices and told how it is used, how long it's kept, and what their opt-out options are. If this case helps build a consensus around that, then it will have been worthwhile to suffer through yet another round of media sensationalism.

2011/03/29

Giga OM - Will Apps Become the New Wallet?: Tech News and Analysis
Giga OM reports: "Two recent news reports are bringing the digital wallet closer to reality. American Express is offering a one-stop-shop payment platform in the form of an app for Apple iOS or Google Android users as well as through Facebook. The Wall Street Journal is also offering more details on Google’s planned mobile payments strategy which will use a technology known as near-field communications to transmit payment data."

Comment: It's interesting to think that in one or two years the way we pay for things may be completely changed by the new mobile payment platforms.

2011/02/25

My Way News - China's Web police block US ambassador's name
My Way News reports: "China widened its Internet policing after online calls for protests like those that swept the Middle East, with social networking site LinkedIn and searches for the U.S. ambassador's name both blocked on Friday."

2011/02/17

My Way News - Google introduces online payment system
My Way news reports: "Google Inc. is undercutting rival Apple Inc. with an online payment system that lets publishers keep more of the fees charged for reading their digital editions [...] The announcement came a day after Apple rolled out a long-awaited subscription service for applications designed for its iPhone and iPad. Apple is demanding a 30 percent cut of all subscriptions sold on those mobile apps while Google is charging 10 percent."

2011/02/02

My Way News - China restricts reports on Egypt protests
My Way News reports: "The recent uprisings in Egypt and Tunisia are no doubt giving pause to many authoritarian regimes around the world, but nowhere else appears to be as determined to control the message as China. Chinese censors have blocked the ability to search the term 'Egypt' on microblogging sites, and user comments that draw parallels to China have been deleted from Internet forums."