credit card

Visa chief: Fee on digital wallets seems 'appropriate'

Digital wallet operators, like Google, PayPal, and others, should be charged a fee for offering such a service, according to Visa CEO Charlie Scharf.

Speaking at the Barclays Emerging Payments Forum yesterday, Scharf said "it is totally appropriate" for credit card companies to charge digital wallet operators a fee on all transactions, according to Reuters, which was in attendance.

Scharf's comments come after eBay revealed in a February regulatory filing that MasterCard was planning to charge it a fee for its digital wallet service starting in June. The actual amount PayPal pays isn't expected to be … Read more

Get an 8GB credit card flash drive for $7.99

We all know that flash drives are dirt-cheap nowadays, but most of them are designed to ride in your pocket or on your keychain. What if you forget the drive, or don't have your keys with you? What then?!

One item you almost always have with you: your wallet. Hence today's deal: Meritline has the 8GB Black Credit Card Shaped USB Flash Drive for $7.99 shipped. Regular price: $9.99. Savings: two dollars. Woo!

I know, it's barely a deal, but not every day needs to be about TVs, laptops, and other big-ticket items. And this, … Read more

NFC seeps into bloodstream of Mobile World Congress

BARCELONA, Spain--NFC (near field communication) technology has been around for some time now, but as of yet it's failed to hit a level of ubiquity in our devices that would galvanize more businesses to adopt it. That, however, is changing fast.

While most think of NFC as solely a new payment solution, companies are constantly finding new ways to implement it.

NFC is essentially a new way to exchange information from one device to another, wirelessly. It's different from other wireless technology in that it requires the two devices to be within a centimeter of each other. Hence … Read more

Apple wins California credit card privacy case

The California Supreme Court today ruled that Apple did not break state law by requiring customers to provide personal identification information such as mailing addresses and phone numbers to complete online credit card transactions.

The decision was a split one, as first reported by Reuters, with four of the seven justices finding in favor of Apple. A copy of the decision is embedded below.

The proposed class action suit was initially brought against Apple by plaintiff David Krescent in June 2011. Krescent alleged that Apple required his telephone number and address to purchase media downloads.

The majority of the justices … Read more

Credit card companies' WikiLeaks block just fine, EU says

Credit card companies that blocked WikiLeaks a couple of years ago didn't do anything wrong, the European Union's European Commission said today.

Last year, donation collection gateway DataCell complained to the commission that it was unfair for MasterCard Europe, Visa Europe, and American Express to have blocked donations to WikiLeaks. DataCell provided payment gateway services to WikiLeaks, accepting donations for the controversial organization. It was able to facilitate those transactions by operating its datacenter in Iceland -- away from legal prying eyes.

In its complaint, which it filed in July 2011, DataCell said that the credit card companies … Read more

The 404 1,162: Where we protect our necks (podcast)

Questions answered on today's episode of The 404 Show:

- What's the point of having an LCD screen and buttons on my credit card?

- What comes in the Nintendo Wii U box, why do people love unboxing videos so much, and why does my brain feel like it's being massaged? Side note: ASMR Subreddit

- What's the history of Goatse.cx and how can I use it to ruin everyone's day?

- How can I sucker someone into giving me free money for the holidays?… Read more

How Square can help you sell more cupcakes

With the holiday season bearing down on the calendar, Jake Vance needs to know how many cupcakes he should make every day. Make too many, and the rats that frequent his dumpsters are happy. Don't make enough, and customers walk away without getting to enjoy their favorite treat.

Vance runs Sweet Avenue, a small bakery in Rutherford, N.J. So small, in fact, that it doesn't make sense to spend hundreds and hundreds of dollars on point-of-sale software or professional cash registers that are routinely used by larger businesses to generate smart data on sales patterns.

Until even … Read more

The 404 1,156: Where your cell phone is sick (podcast)

Leaked from today's 404 episode:

- Another reason not to buy books: Hackers installed credit card readers at 63 stores across the country, New York City included.

- Attention New Yorkers: It's officially time to freak out about Hurricane Sandy.

- SDSU study confirms that five-second rule is pretty much bull.

- A license plate frame that defeats red light camera flashes.… Read more

Hackers steal customer data from Barnes & Noble keypads

Hackers broke into keypads at more than 60 Barnes & Noble bookstores and made off with the credit card information for customers who shopped at the stores as recently as last month.

The company discovered the breach on September 14 but kept it quiet while the FBI attempted to track the hackers. Hackers broke into the point-of-sale terminals at 63 stores across the country, including locations in New York City, San Diego, Miami, and Chicago.

Since discovering the breach, the company has uninstalled all 7,000 point-of-sale terminals from its hundreds of stores for examination. Although only one terminal in … Read more

Stripe Connect gets the money train rolling for online shops

Merchants or community managers that sell goods or accept donations through larger platforms like Shopify, Reddit, or Skillshare can now quickly start taking credit cards, thanks to a new system from the online payments company Stripe.

Called Stripe Connect, the new system is designed to make it easy for any online shop or group to process credit-card payments from donors or customers.

At the same time, Stripe Connect is also giving Stripe partners a way take advantage of analytics software, CRM systems, and other financial packages in order to see real-time account data. Indeed, the company is hoping that developers … Read more