WikiLeaks supporters target Amazon.com with next cyberattack

By on December 9, 2010 at 9:41 AM.

WikiLeaks supporters target Amazon.com with next cyberattack

A global, ever-expanding team of hackers called “Anonymous” has announced its next target in a series of cyberattacks that have taken down multiple websites over the past few days. Among its targets were the websites of both Visa and Mastercard following news that the institutions would cease delivery of funds that had been donated to WikiLeaks. Using Twitter to announce the attack, the group is preparing to take down Amazon.com, presumably due to the company’s abrupt cancellation of its hosting agreement with WikiLeaks after being pressured by the Department of Homeland Security.  The attack on Amazon.com will begin at 11:00am Eastern.

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Bloomberg: AT&T, T-Mobile, Verizon to cooperate on mobile payment venture

By on August 2, 2010 at 2:44 PM.

Bloomberg: AT&T, T-Mobile, Verizon to cooperate on mobile payment venture

Bloomberg is reporting that AT&T, T-Mobile USA, and Verizon Wireless are in talks to bring cellphone based payments to the States. Bloomberg cited, “three people with direct knowledge of the plan,” when they wrote that the three wireless vendors “may work with Discover Financial Services and Barclays Plc to test a system at stores in Atlanta and three other U.S. cities that would let a consumer pay with the contactless wave of a smartphone.” Currently, Visa and MasterCard handle 82% of consumer credit card spending; a $2.45 trillion business. The reported system would see payments processed by Discover’s network (currently the fourth largest credit card network in the U.S.) and Barclays would be the bank managing the accounts. The contactless cellphone payment system is already in use in Japan and the United Kingdom. What do you think? Do you see value in a service like this, or is it more inclined to just creep you out? More →

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Square's mobile payment service officially launches

By on May 11, 2010 at 12:47 PM.

Square's mobile payment service officially launches

square

If you are not familiar with Square, it is a mobile payment service (hardware and software) that hopes to change how mobile transactions are processed. Now available for iPhone, iPod touch, iPad, and Android devices, all you need to get going and accepting credit card payments is Square’s credit card reader. If you have been down the merchant account road before, you are probably asking how much the device costs, right? Square is giving out the reader, which plugs into the 3.5mm headset jack on your smartphone, for free. Their transaction rates are also pretty competitive at 2.75% of the transaction + $0.15 for all major credit cards. If you have always wanted to pay that shady guy off of Craigslist with plastic instead of paper, your dream might finally come true as this propagates throughout the wild. Check out a video of the service after the jump! More →

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