Meet paycardreader, the credit card-stealing Android app

By on June 21, 2012 at 12:05 PM.

Meet paycardreader, the credit card-stealing Android app

Android App NFC Credit Card Data Theft

Just in case anyone was starting to feel too comfortable paying for things with contactless credit cards, a German software developer has posted a new app on the Google Play app store that’s capable of swiping credit card information from contactless cards such as PayPass MasterCard, Visa payWave and Barclays PayTag. SC Magazine reports that Thomas Skora, a senior consultant for security firm Integralis, has created an app that can “skim card numbers and [expiration] dates, along with transactions and merchant IDs” using near field communications technology that is typically used by mobile payment platforms such as Google Wallet. In order to swipe someone’s card information, thieves will have to be within a relatively short distance of their victims so they can use their smartphones to scan any contactless pay cards unwitting users might have. More →

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Samsung unveils TecTiles: programmable NFC tags for Galaxy S III, others

By on June 13, 2012 at 12:01 AM.

Samsung unveils TecTiles: programmable NFC tags for Galaxy S III, others

Samsung TecTiles NFC tags

Samsung on Wednesday announced a new NFC-based product called TecTiles. Available for $14.99 in packs of five from Verizon Wireless, AT&T, Sprint and T-Mobile, TecTiles are small stickers that include embedded NFC tags. An accompanying app allows users to program each tag to perform a specific function, and a tap with an NFC-enabled Samsung smartphone like the Galaxy S III will automatically trigger the related actions. For example, a quick tap on a TecTile sticker can open a certain app, change various settings on a device, make a call, send an SMS, open a Web page, “like” something on Facebook or post a new tweet on Twitter. TecTiles are compatible with the Samsung Galaxy S III, Galaxy S II, Galaxy Nexus, Nexus S and Galaxy S Blaze 4G, and are available immediately. Samsung’s full press release follows below.

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Barnes & Noble plans to bring NFC to the Nook

By on May 3, 2012 at 1:00 AM.

Barnes & Noble plans to bring NFC to the Nook

Barnes & Noble to bring NFC to the Nook

Barnes & Noble’s Nook eReader business is expected to see continued growth and was recently spun off into a new subsidiary that Microsoft invested $300 million in. The company’s CEO William Lynch sat down with Fortune and spoke about the future of the Nook business, and the executive said NFC-equipped Nook eReaders will be released as early as this year. “We’re going to start embedding NFC chips into our Nooks,” the CEO said. “We can work with the publishers so they would ship a copy of each hardcover with an NFC chip embedded with all the editorial reviews they can get on BN.com. And if you had your Nook, you can walk up to any of our pictures, any our aisles, any of our bestseller lists, and just touch the book, and get information on that physical book on your Nook and have some frictionless purchase experience. That’s coming, and we could lead in that area.” More →

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Barclays releases the NFC-enabled PayTag [video]

By on April 19, 2012 at 10:45 PM.

Barclays releases the NFC-enabled PayTag [video]

Barclays on Thursday announced the launch of the Barclaycard PayTag, a sticker that can be placed on any handset to equip it with instant NFC compatibility. The PayTag is an extension of a customer’s credit card account that can be used to make payments of £15 and under, though the limit will rise to £20 in June, and it is available at no cost to Barclaycard owners. “Today, we are offering the choice of mobile payments to millions of our customers at no additional cost to them,” David Chan, CEO of Barclaycard Consumer Europe, said. “More than half of us say that the item we’re most lost without is our mobile phone, so we’re giving people the option of using them to make easy, convenient, everyday payments without the need to upgrade their current handset.” The PayTag will be released to a select group of customers in the coming weeks, with mass availability coming later this year. Barclays’ commercial and press release follows below. More →

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Shipments of NFC-enabled handsets reached 30 million units in 2011

By on March 26, 2012 at 11:30 PM.

Shipments of NFC-enabled handsets reached 30 million units in 2011

Global sales of NFC-equipped smartphones increased tenfold to 30 million units in 2011, according to a report from Berg Insight. The research firm estimates that by 2016 there will more than 700 million handsets with NFC capabilities. In 2011, several leading handset vendors released more than 40 NFC-enabled devices. “Even though it will take some time before the stakeholders agree on business models for payment networks, other use cases such as reading tags and easy pairing of devices may well be compelling enough for handset vendors to integrate NFC in mid- and high-end devices already today,” said André Malm, a senior analyst at Berg Insight. Google has already launched its Wallet service, as Apple, AT&T, Verizon and T-Mobile ready their own payment platforms. Previous estimates stated that more than 50% of all smartphones will be NFC enabled in the next two to three years with the help of Apple’s upcoming iPhone, which has long been rumored to include the technology. Read on for Berg Insight’s press release. More →

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Prepaid cards return to Google Wallet; Google apologizes with free $5 credit

By on March 22, 2012 at 7:35 AM.

Prepaid cards return to Google Wallet; Google apologizes with free $5 credit

Google temporarily disabled the use of prepaid cards with its Wallet service last month as a precautionary measure following the discovery of several security threats. In an email obtained by Droid-Life, Google announced that its Wallet service has been updated and the newest version allows users to again add prepaid cards. “We are happy to announce that you can now add the Google Prepaid Card back to your wallet with the newest version of Google Wallet, and any funds that you previously had on the card should be restored, unless you contacted Money Network and asked for a refund of those funds,” the email read. “To add the Google Prepaid Card back, you will first need to update your Google Wallet application to the most recent version.” The company acknowledged the inconvenience of the situation and will credit Wallet users with an additional $5 for their patience. Google’s email follows below. More →

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Google may share Google Wallet revenue with carriers to spur adoption

By on March 21, 2012 at 4:00 PM.

Google may share Google Wallet revenue with carriers to spur adoption

Google’s mobile payment service has gotten a fair amount of attention from the media, but user and partner adoption has been slow since the service was unveiled nearly a year ago. Google Wallet is the Internet giant’s eWallet offering, which incorporates NFC technology and allows users to pay for purchases using their Android smartphones rather than physical credit cards. According to Bloomberg, Google is now rethinking its service in an effort to bolster adoption. Citing multiple unnamed sources, the site claims Google is currently weighing the possibility of implementing a revenue-sharing model that would give wireless carriers like Verizon Wireless and AT&T a cut of Google’s fees when subscribers make purchases using their Google Wallet-enabled devices. “They are in a bit of a re-evaluation pattern right now,” Aite Group analyst Rick Oglesby told Bloomberg. “It’s going much slower than anticipated.” More →

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PayPal’s Google Wallet competitor shown off at SXSW [video]

By on March 14, 2012 at 8:25 AM.

PayPal’s Google Wallet competitor shown off at SXSW [video]

During the annual South by Southwest conference in Austin, Texas on Tuesday, PayPal finally showed off its upcoming digital wallet product that will compete with the likes of Google Wallet and other digital payment platforms. The EBay-run eBay Ink blog also posted a pair of videos on Tuesday in which PayPal vice president of global product and experience Sam Shrauger walks us through a number of the new eWallet product’s capabilities. PayPal’s digital wallet has a simple desktop interface and of course it features mobile compatibility and a number of now-common features, but there are also a few intriguing features that aren’t common among rival offerings. One such feature allows the user to pay for something with PayPal’s digital wallet while on the go, and then log in to his or her account at a later time and choose which credit card or bank account should supply the funds for the purchase. This feature and more are explained in a pair of videos from eBay and PayPal, which follow below. More →

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Sony announces the Xperia sola, with ‘floating touch’ navigation [video]

By on March 14, 2012 at 12:15 AM.

Sony announces the Xperia sola, with ‘floating touch’ navigation [video]

Sony on Tuesday announced the Xperia sola, the latest addition the company’s Android portfolio. The handset is equipped with a 3.7-inch Reality Display, a 1GHz dual-core processor, NFC and Android 2.3 Gingerbread with an upgrade to Ice Cream Sandwich promised for the summer months. The Xperia sola also features “floating touch” navigation, which enables “magic” web browsing without physically touching the screen. “Xperia sola comes with the power of Sony and a sense of magic with floating touch, giving consumers a fun new way to browse the web and latest technology to show off,” said Calum MacDougall, Sony’s Head of Xperia marketing. The device also comes with two NFC Xperia SmartTags in the box, which owners can use to launch a pre-configured profile on their smartphone. The two SmartTags included with the handset can be personalized with up to 10 commands. The Xperia sola will be available worldwide in black, white and red in the second quarter of 2012. Hit the break for Sony’s press release and a video showcasing the Xperia sola. More →

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Apple awarded major ‘iWallet’ patent for future NFC-enabled iPhone

By on March 6, 2012 at 5:35 PM.

Apple awarded major ‘iWallet’ patent for future NFC-enabled iPhone

Apple on Tuesday was granted a significant patent by the United States Trademark & Patent Office, Patently Apple reported. The technology, which is supported by 23 Patent Claims, allows credit card companies to send statements directly to a user’s iTunes account for purchases made using an NFC-enabled iPhone. Account holders will also be able to allow a secondary account holder, such as a child, to make purchases on the same card while allowing the primary account holder to control spending and implement various limits. Even though NFC technology has been featured in a number of Android devices, some believe that the technology won’t go mainstream in a number of markets until an iPhone is equipped with a mobile payment solution. More →

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Sprint to launch 10 handsets with Google Wallet support in 2012

By on March 2, 2012 at 9:30 PM.

Sprint to launch 10 handsets with Google Wallet support in 2012

Google announced at the Mobile Money: Delivering Innovative Mobile Payment Services panel during Mobile World Congress that Sprint will introduce “at least 10 additional phones” with Google Wallet support in 2012, Fierce Mobile Content reported on Thursday. The Samsung Nexus S 4G is the only smartphone currently offered by the carrier that supports Google’s NFC mobile payment system. Both the Galaxy Nexus and the LG Viper will launch with Wallet support later this year, however, and Osama Bedier, vice president of Google Wallet and Payments, said Google is continuing talks with other carriers, device manufacturers, banks, financial service providers and point-of-sale technology vendors to further extend the company’s Wallet network. More →

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Visa announces new mobile payment solution

By on February 27, 2012 at 10:45 PM.

Visa announces new mobile payment solution

Visa on Monday announced a “one-stop” mobile payment solution that looks to compete directly with Google Wallet and the carrier-backed ISIS payment system. After a consumer purchases a “Visa-certified” NFC-equipped smartphone, he or she can contact the company and activate the handset for mobile payments. The device will be securely linked with a user’s bank account and can then be used to make mobile payments anywhere Visa’s payWave system is accepted. “In the same way we have enabled the secure provisioning of payment cards for decades, we are now using mobile technology to securely provision mobile payment accounts over the air,” Visa’s Head of Mobile Products Bill Gajda said. “Financial institutions, mobile network operators, and even transit operators now have a simple, secure process to activate payment applications at scale and make mobile payments part of everyday life for consumers around the world.” The company announced that Intel Atom-powered smartphones and tablets will be the first Visa-certified devices to allow mobile subscribers to securely make NFC purchases. Read on for the company’s press release. More →

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Google Wallet competitor ISIS finally announces launch details

By on February 27, 2012 at 3:45 PM.

Google Wallet competitor ISIS finally announces launch details

Mobile payment joint venture ISIS, a partnership between Verizon Wireless, AT&T and T-Mobile, on Monday announced launch partners and availability. The service will become available in mid-2012 starting with locations across Salt Lake City, Utah and Austin, Texas. Chase, Capital One and Barclaycard have entered into agreements to offer credit, debit and prepaid cards alongside the service. “Today’s announcement is testament to the vision and commitment of Chase, Capital One and Barclaycard to make mobile commerce a real and positive experience for their customers,” said Michael Abbott, CEO of ISIS. “Mobile commerce is more than a new way to pay; it’s about extending the relationships consumers enjoy with their banks and merchants into a powerful and convenient new form factor.” Read on for the company’s press release. More →

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