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Tag: CREDIT CARDS

Convicted Hacker Says He Committed Credit Card Heist for U.S. Government

The hacker who orchestrated the biggest computer crime operation in U.S. history is alleging that the American government authorized him to do so. Last year, 29-year-old Albert Gonzalez pleaded guilty to hacking into computer systems at TJX, Office Max, Dave & Busters, Heartland Payment Systems and other companies, in order to steal some 130 million credit card numbers. He received a...

Visa Takes on PayPal with Personal Payments Service

Visa announced plans on Wednesday for a new personal payments service, with which U.S. customers can send or receive funds from any Visa credit, debit or prepaid bank account across the world. Much like with PayPal, customers with Visa accounts at participating banks will be able to swap money by entering the sixteen-digit account number, e-mail address or cell phone number associated with the...

8-Year-Old Girl Racks Up $1,400 Bill After Playing 'Smurfs' Village' iPad Game

What do you get when you give an iPad to an 8-year-old girl? A bunch of Smurfberries, and a $1,400 bill from iTunes. That's what Stephanie Kay received, after her daughter Madison spent her winter break playing the 'Smurfs' Village' game on her family's iPad. The second-grader from Maryland apparently wasn't aware that the Smurfberries she collected cost real money -- a detail that, according...

MasterCard 'MoneySend' App Launches for BlackBerry

With the rise in mobile payment options, our kids probably won't know how to write a check or whose face appears on a $20 bill. MasterCard recently launched its 'MoneySend' app for BlackBerry devices. The app, which is also available for iPhone, lets users swap money with others, pay for informal products and services, and receive credit or debit card payments -- all for free. For example, you...

Mophie and Intuit Challenge Square for iPhone Merchant Market

If you had told us a few months back that mobile merchant credit card systems would become a serious battleground in the smartphone world, we probably would have told you that you were insane. Surely, the market for credit card-scanning iPhone peripherals would be incredibly small, right? Apparently it's not, and Twitter co-founder Jack Dorsey's 'Square' won't be able to monopolize the...

Visa and Bank of America to Test Paying via Cell Phones On-the-Go Next Month

Earlier this month, AT&T and Verizon announced a joint venture to test a new system that would allow customers to pay for products with their smartphones. Now, Bank of America and Visa have followed in their footsteps, and, as Reuters reports, will begin testing their own smartphone-payment system next month.The test run, which will take place in New York from September through the end of...

FaceCash App Lets You Buy Goods With Your Phone and Face

If you blame your credit card for making it all too easy to unconsciously rack up piles of debt, just imagine the kinds of splurge purchases you'd make if you could pay with your face. FaceCash, the new mobile payment system from ThinkLink, is an app that allows users to store credit card and bank account information directly on their smartphones, enabling them to purchase groceries, clothes or...

Lenders Turn to Facebook, Twitter to Identify Risky Customers

We already know that debt collectors are turning to social networks to gather information about financial delinquents. Now lending institutions are trying to stop customers from even getting to the point of having to be trailed by a debt collector by turning to Facebook and Twitter for clues. The Pittsburgh Post-Gazette reports that officers at the Lending Club and other financial...

iPad Buyer Burnt by Apple's 'No Cash' Purchase Policy

Share If you don't have a debit or credit card, you won't be the owner of an iPad. Or so one Palo Alto, California, woman learned when she was turned away for trying to purchase Apple's new tablet with cash. According to an ABC 7 News report (video after the break), Diane Campbell, who is on a fixed income, saved for months to get the $600 she needed to buy an iPad. When she entered the...

Twitter Co-Founder Launches Square, the iPod-Ready Payment System

After changing the way we thought about social-networking with Twitter, co-founder Jack Dorsey needed another system to revolutionize, tackling the tired system of credit and debit cards. Today, Dorsey unveiled his new project, Square, for all the world to see, launching a Web site and giving Tech Crunch a firsthand look at how his new product works. Here's the basic idea: Square is a tiny...

Scientists Find RFID 'Fingerprint' That Could Prevent Counterfeiting

Radio frequency identification tags (RFID), which appear in items like credit cards and passports, have long been susceptible to hackers looking to steal personal information. Still, RFID tags are used in many ways -- from tracking a shipment of clothes to automatically opening a doggie door. But a breakthrough from a group of University of Arkansas scientists might just ease the minds of those...

Network Solutions Loses Nearly 600K Credit Card Numbers

You wouldn't think that a business called A-1 Lock & Key would have too many break-ins. And you might not believe that a store called Jojo's Gun & Pawn would be prone to a rash of stick-ups. But Web broker and online marketing firm Network Solutions recently ran into a great big Network Problem when a hackers' long term infiltration of its servers left 573,928 names, addresses, and credit...

Senate Hopeful Coleman Deals With Donor Data Breach

Senate candidate Norm Coleman has a massive, self-inflicted headache to deal with after the personal information for thousands of his donors' was leaked in January. Supporters were notified, not by the Coleman campaign (which had known about the security breach since January), but via an e-mail from the nonprofit Wikileaks site on Tuesday. Cullen Sheehan, Coleman's campaign manager, sent out...

MySpace Offering Credit Card (Seriously. Stop Laughing.)

We have seen no greater example of exactly why we are in our current dire financial straights than the new MySpace-branded credit card. In what we can only assume is a conspiracy by News Corp (owner of MySpace, Fox News and the Wall Street Journal) to ensure that the younger generation will be subject to the same crippling debt that we are, the social networking service has lent its brand name...

More Credit Card Numbers Exposed, Visa and MasterCard Tight-Lipped

It was just a few weeks ago that the world learned of the millions of credit card accounts compromised by Heartland Payment, an account processing clearinghouse that had its networks infiltrated by hackers for months before anyone noticed. Now we have word of another breach, but this one is more mysterious. While both of the companies involved are reluctantly admitting that some cards were...