Android Pay is also making its first big international push, with the payments platform launching in the UK Wednesday and coming to Singapore and Australia "soon."The mobile payment system, which Google first unveiled a year ago, is also getting support for contactless payments on public transit, with support for Transport London, which includes busses and trains.Android Pay's biggest competitor, Apple Pay, has been rapidly expanding across banks and the globe, coming to Singapore, Australia and China since the beginning of the year.But with Google's latest announcement, it looks like Android Pay isn't far behind.At launch, Android Pay was supported by more than 700,000 stores in the U.S. Now, it will also be compatible with all electronic, contactless payment systems in the UK including in Starbucks, Waitrose and public transportation stations, provided you have a card from one of the supported banks.Android Pay in the UK is now supported by Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M Bank, MBNA and Nationwide Building Society and Google says more banks will add support soon.
Android Pay can be used in shops, to travel around London and for in-app purchasesGoogle's Android Pay is now available in the UK, allowing you to make quick contactless payments from your smartphone.The contactless payment system has partnered with supported banks to register your chosen debit or credit card to make payments on contactless terminals in shops, on London s TfL networks and for in-app purchases.Check if your bank is supporting the service from launch with our list below:Banks supporting Android Pay from launchLloyds BankNationwideBank of ScotlandHalifaxM BankHSBCFirst DirectMBNABanks yet to support Android PaySantanderNatWestBarclaysBarclaycardTesco BankTSBAmerican Expressboon.For amounts higher than £30, the owner must enter their security code, fingerprint or lock pattern.Works with both contactless and traditional payment terminalsRequires fingerprint authenticationExclusive to Samsung smartphonesIs there a limit?Lost or stolen phones can be located, locked and wiped remotely through Android Device Manager.
Google s Android Pay mobile payment system has launched in the UK, enabling users to make purchases using a smartphone.The tap and go system lets users of Android smartphones – including those made by HTC, Samsung, Sony and Huawei – store a digital version of their debit or credit card on their device.They pay for items by tapping it against a contactless card point, including in high street stores and on the London transport system.Google has confirmed more banks will be added in the future.An Android Pay app has been launched to help users set up and manage their transactions.All transactions are encrypted for additional security, with specially generated digital tokens used instead of real card details when a purchase is made, to protect personal information.
This new feature allows anyone with an Android smartphone to make purchases in thousands of stores across the country.These digital cards can then pay for items by tapping your smartphone against any shop contactless card point.An Android Pay app has also been launched to help users set up and manage their transactions.All transactions are encrypted for additional security, with specially generated digital tokens used instead of real card details when a purchase is made, to protect personal information.Play VideoPlayMuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%Progress: 0%Stream TypeLIVERemaining Time -0:00Playback Rate1ChaptersChapterssubtitles off, selectedSubtitlescaptions settings, opens captions settings dialogcaptions off, selectedCaptionsFullscreenThis is a modal window.Foreground --- White Black Red Green Blue Yellow Magenta Cyan --- Opaque Semi-OpaqueBackground --- White Black Red Green Blue Yellow Magenta Cyan --- Opaque Semi-Transparent TransparentWindow --- White Black Red Green Blue Yellow Magenta Cyan --- Opaque Semi-Transparent TransparentFont Size 50% 75% 100% 125% 150% 175% 200% 300% 400%Text Edge Style None Raised Depressed Uniform DropshadowFont Family Default Monospace Serif Proportional Serif Monospace Sans-Serif Proportional Sans-Serif Casual Script Small CapsDefaults DonePali Bhat, Google's senior director of product management, said: "Security is at the centre of Android Pay.
Philip Kaplan s DistroKid is a system designed to let musicians post their music to streaming services like Spotify and iTunes and then get royalties when their music is played.Thus far Kaplan and his small team have been sending one payment out to each musician and the musicians had to send smaller payments to collaborators and other musicians on the track.Now, however, he s launched the DistroKid Payment Network, a way to add individual band members to a track and send them little pieces of the royalty payment.Currently, every existing aggregator & distributor pays only one recipient per release.Kaplan launched Distrokid in 2013 and has distributed over 700,000 songs from 90,000 artists.The platform hosted a 1 iTunes hit and and a top-10 Billboard hit.
"If we waited a couple of years to address this, it would be too late.That's why the backbone of Imzy is going to be their tipping and payment system.McComas hopes that by building a tipping system into Imzy, there won't be a need for contributors to look outside the community for support.If they put a lot of time into a group, their fellow community members can show appreciation with tips.Soon, he said, Imzy will have an optional feature to show who is being paid with payment details anonymized to provide some transparency.What's fascinating about Imzy is that it's part of a new generation of community platforms that is actively learning from the mistakes of Facebook, Reddit, and other first-generation social networks.
LG Pay, or White Card as it might be called, has been MIA for a while now.However, while it would be tempting to assume that the rise of Android Pay has killed off LG Pay, we're now hearing that it may still be in the works – and that it could have a trick that no other mobile payment system currently offers.Rumors suggest that LG's White Card is a physical credit card-style card, rather than a feature built into a smartphone, and that it's a universal card which stores all the information from your other cards, and has a screen and buttons to let you choose between them.But LG Pay also apparently works with the magnetic stripe technology which is currently used by most payment terminals.Other mobile payment solutions, such as Android Pay and Apple Pay, are widely compatible with current card machines, but they don't have an IC chip, which means that if and when machines are updated to only support IC chips and in doing so become more secure , LG Pay could be the only mobile payment option that would work with them.LG Pay may struggleThat could be just the feature LG pay needs to still be relevant in a post-Android Pay world, although we're skeptical that it would be enough.
Security firm FireEye, investigating the hack, has been contacted by numerous other banks, including some in New Zealand and the Philippines.The SWIFT organization in a statement said that some of these reports may be false positives, and that banks should rigorously review their computing environments to look for hackers.Symantec, meanwhile, has corroborated earlier claims from BAE Systems that the hackers that stole from the Bangladesh central bank are linked to the hackers that have attacked targets in the US and South Korea since 2009, and that hacked Sony Pictures in 2014.Symantec's rationale is the same as that of BAE; malware found at the bank, Sony, and other victims, all appears to share common code for securely deleting files to cover its tracks.SWIFT's systems rely, fundamentally, on carefully controlled access to its network using air-gapped systems and other forms of isolation.Once a message is created and sent across the network by malicious software, other banks will tend to trust that message and make the transfers that the message demands.
Silicon Valley billionaire and eBay cofounder Pierre Omidyar is lining up support for Gawker's appeal to overturn the $140 million judgment in the Hulk Hogan lawsuit, reports the New York Post.While the report doesn't say if Omidyar is providing financial support to Gawker, First Look Media is filing an "friend of the court" brief and is trying to rally other media organizations around Gawker's cause — turning any appeal into a free speech issue.This news comes just days after fellow Silicon Valley billionaire and PayPal cofounder Peter Thiel confirmed he was a financial backer of Hogan's lawsuit against Gawker.Omidyar and Thiel have a history.eBay eventually bought PayPal, and a lot of former PayPal execs — including Thiel — left.Many later criticized eBay for failing to innovate with the payment system, and eBay spun it back out last year.Omidyar is the creator and chief financier of First Look Media, the company that owns and operates The Intercept, a journalism venture headed up by former Guardian reporter Glenn Greenwald, made famous in the wake of the Snowden leaks."The First Amendment inspires everything we do," says First Look's mission statement.First Look did not immediately respond to a request for comment.NOW WATCH: Here's the incredible story behind the guy who was just sentenced to life for creating the 'eBay for drugs'Loading video...
JPMorgan Chase, Wells Fargo and other big banks are upgrading their online payment services to let customers make instant transfers of money to others who bank elsewhere, often at no cost.The move comes as traditional banks face pressure from payment companies like Venmo and Square Cash that that offer ways to split the bill.AP Photo/Mark Lennihan, File MoreNEW YORK AP -- Splitting the bill for those pizzas you shared with your buddies or that utility bill that is suddenly due is going to get easier and faster even if you don't all use the same bank.Banks developed online services that allow their customers to send money to anyone with a phone number or email address several years ago."This is what our customers have been asking for," said Jason Alexander, head of digital platforms for Chase, in an interview.About 46 percent of U.S. consumers have made a mobile payment, according to a study by The Pew Charitable Trusts released this week, with most of those users being millennials or members of Generation X.
Samsung Pay has finally hit the European continent after almost a year of availability in other territories.Samsung's mobile payment system initially hit the company's native South Korea in August of 2015, before heading over to the US a month later.We've known that Samsung Pay was coming to Australia, Brazil, Canada, Malaysia, Russia, Singapore, Spain, and the UK in due course.Interestingly, a Samsung Spain representative says that the move "will mark a turning point both in Spaniards' payments behaviour and the evolution of the payments market as a whole."As we were reminded recently with reports of the apparent failure of Apple Pay, the UK is relatively advanced when it comes to contactless payment methods - particularly in terms of the 86 million contactless cards in circulation.Next, take a look at our Samsung Galaxy S7 Edge video review:Are you a Samsung owner itching to try Samsung Pay in your country?
The threatened sanction follows a run of attacks on international banks over recent weeks, including the $81m mega-heist at the Bangladeshi Central Bank.SWIFT will also continue to enhance its own products and services to provide customers with additional protection and detection mechanisms, and in turn help customers to meet these baselines.Richard Brown, director of EMEA channels & alliances at DDoS mitigation vendor Arbor Networks, welcomed the tougher line and called for an increase in collaboration between international banks.Banks are already among the most heavily regulated organisations, thanks to regulations such as PCI and Sarbanes–Oxley.Banks are an attractive target for cybercriminals because of the money and valuable data they hold.I hope this development represents a new chapter for Swift, understanding that good security posture of their payment ecosystem is reliant on more than just a secure application.
I m Fred Raillard, CEO, Co-founder and Creative Chief Officer of FRED & FARID, a social, content, tech solutions for brands company based in Paris, Shanghai, Beijing and New York.In China, there are contrasting opinions about the racist adThe HotTopic of the week is this very racist detergent commercial that you all unfortunately know.It s the TVC where you see a black man coming towards an Asian woman who puts him in a washing machine, from where he comes out clean .On various forums, you can see thousands of people saying that this commercial is not racist.This is interesting because they really think that black people are in Africa and only in Africa.The cute digital activation for Children s Day by AlibabaThe HotBrand of the week is Alipay, the mobile payment system of Alibaba Group.
The data is not encouraging, indicating, above all, a great disparity between how secure people believe mobile apps to be and how secure they really are.Related Article: Pocket Payments: How To Find The Right Mobile Payment System For Your BusinessHow Secure Are Mobile Apps and Smartphones?Arxan s 5th Annual State of Application Security Report issued in January 2016 presents these findings:84 percent of smartphone users believe that their mobile apps are secure; and63 percent of them believe that app owners do everything to make their apps safe.On the other hand, there is a worrisome survey conducted by Ponemon Institute on behalf of IBM showing that:Less than 50 percent of companies test their mobile apps for security issues before releasing them; and33 percent of companies do not test their mobile apps at all.Besides these findings, there are also the findings included in NowSecure s Mobile Security Report which show that 43 percent of smartphone users do not lock their devices using a PIN number, a password or a screen pattern, while 35 percent of mobile phone communications voice and data are unencrypted.These statistics lead to only one conclusion: if a mobile app contains a vulnerability or a malicious code, it can take control over a device, leak sensitive data, and put a third party in possession of personal and business data which can enable identity theft to an unprecedented scale.In this context, ensuring that your organization s mobile app is secure before it is published in the App Store or on Google Play is of paramount importance.Reverse EngineeringThis concept was imported straight from its industrial counterpart.Extraneous VulnerabilityThis occurs when your mobile app has a backdoor implemented in it from the moment it is being developed, authorizing the access of a third party to the app, and to the back-end containing user data.Most frequently, it is caused by weak ciphers, predictable randomness in generating session encryption keys or using the wrong type of encryption.How to Prevent ItAlways conduct extensive encryption testing on your code, simulating all potential attempts to attack and exploit the app.Related Article: Show Me the Mobile Money: How Mobile Payments Will Change Your Business5.
The CurrentC death watch continues: After a round of layoffs last month, the group of retailers backing a proprietary mobile payment system is ending a trial run of its app in Columbus, Ohio and will be shutting down user accounts at the end of June.CurrentC seemed like it had a shot before Apple came along with its own phone-based payment service, though the concept behind the app has always been a little lo-tech.The story behind the story: Many of CurrentC s original backers, including stores like Best Buy and Target, are either already supporting Apple Pay or plan to in the near future.Walmart stores in Columbus were part of the CurrentC beta test, but the company has said that it will pilot its own mobile payment service, fittingly named Walmart Pay.Without support and a timeline for expansion, it seems like CurrentC is finally dead.Meanwhile, Apple Pay continues to rack up users and expand internationally, despite early snafus including some caused by CurrentC members .
Perhaps even better, Microsoft's mobile payment system might be immediately compatible with most, if not all, existing NFC terminals in the market.On the other hand, it is still a pleasant surprise, especially for Microsoft fans, that the company is at least intent in providing that feature to its remaining smartphone customers soon.As for membership cards, there is little guess work as the app lists supported establishments.Either way a barcode will be generated so that those stores and outlets can scan them easily when needed.This means that Windows 10 Mobile users won't have to wait for Microsoft to strike up deals with individual vendors, though they still have to work with banks, of course.There is no word yet on when that will happen, though the Anniversary Update this summer is definitely an auspicious time to do so.
Cybercrime marketplace offers access to compromised third party servers for just £4.23Cybercriminals can purchase access to compromised servers belonging to legitimate organisations, in order to carry out their cyber-attacks.It offers access to 70,624 hacked Remote Desktop Protocol RDP servers for a paltry $6 £4.23 .And the best thing about it – it s cheap!It has reported this issue with the appropriate law enforcement agencies and is cooperating in an ongoing investigation.xDedic is further confirmation that cybercrime-as-a-service is expanding through the addition of commercial ecosystems and trading platforms, said Costin Raiu, Director, Global Research and Analysis Team, Kaspersky Lab.Earlier this month researchers at Trustwave discovered an unpatched Local Privilege Escalation LPE vulnerability in Windows was being touted for sale on an underground market for Russian-speaking cyber criminals.
11:50 security company F-Secure's Chief Research Officer Mikko Hypponen has followed the vantage point of how computer viruses and malware have evolved over a quarter of a century. For several foreign banks are known to the victims of the attacks, which have been used in the international SWIFT payment system. For example, in March told Bangladesh's central bank on attacks that attempted to take nearly a billion dollars. YLE's morning TV to guests in the F-Secure research director Mikko Hyppönen, there are two theories as to who is behind the attack, and North Korea is the second of these. The majority is espionage, sabotage is a part, such as, say, the case of Stuxnet in 2010, and now if North Korea really was behind the attack on SWIFT, as it was the case then obviously the state budget deficit, the place of stealing money from other countries, Hypponen says. SWIFT attack attempt was made to take almost a billion dollars worth of cash, and the North Korean government's annual budget is not like four billion, so it would be a significant sum for any country, not to mention North Korea, he added.
TORONTO/OTTAWA Reuters - The Bank of Canada is experimenting with a payments system based on the technology behind the bitcoin virtual currency, the central bank said on Thursday.The goal "is solely to better understand the technology first-hand," she said in a statement.Such experiments, she noted, are not aimed at developing central-bank issued e-money for use by the general public.Details of the project, which uses the distributed-ledger technology associated with web-based currency bitcoin, were revealed at a payment-technology event in Calgary on Wednesday that was closed to media.Blockchain's distributed-ledger system allows users to conduct secure transactions with each other without the need for middlemen or central oversight, unlike traditional electronic funds transfers.While long known as the backbone of bitcoin, launched under a pseudonym, blockchain has garnered the attention of large financial institutions in recent years.
Lost info includes names, addresses, numbers and security codesAcer's insecure customer database spilled people's personal information – including full payment card numbers – into hackers' hands for more than a year.Acer says that no passwords or social security numbers were obtained by the thieves, which will be of no comfort whatsoever to the victims.We have also contacted and offered our full cooperation to federal law enforcement.""In addition, you may contact your State Attorney General s office or the US Federal Trade Commission to learn about steps you can take to protect yourself against identity theft."Acer did not say if will be providing identity protection services to the folks whose payment card information it lost."Customers in EMEA are not impacted since we have a different security and payment system for our e-commerce stores in the UK, France and Italy.