(UPDATED) Claiming on its company blog that spending time in a courtroom isn't its thing, PayPal quickly followed Google's announcement of its new online payment method by filing a lawsuit against Google for stealing trade secrets and poaching employees. The...
The three largest telecom providers in France — Bouygues Telecom, Orange and SFR — today announced a new joint venture called Buyster. The telecom providers are being joined in the JV by the French financial and technical services company Atos Origin S.A.
In yet more news on near field communication (NFC) technologies and payments, Visa Europe and Wireless Dynamics Inc. have announced the deployment of a mobile payment application for iPhones to customers in Turkey. The application requires an accessory from Wireless...
MasterCard Inc. and Spanish telecom giant Telefónica SA today announced the creation of a joint venture providing mobile financial solutions to customers in Latin America. According to the announcement, each partner will own 50 percent of the new venture.
Starbucks Corp. has rolled out mobile payment acceptance.
It looks like Intuit’s GoPayment is taking the gloves off. According to Fortune Magazine’s Michal Lev-Ram, Intuit began offering a freemium version of its mobile credit card service beginning last week.
In another hiring move certain to fuel speculation, NFC Times reports that MasterCard has hired Mung-Ki Woo to run its mobile payment and m-commerce business. Woo will be reporting into the head of MasterCard's emerging payments group. If true, the move would be a clear indication that MasterCard is ramping up its NFC efforts.
The United Kingdom's Retail Week reports that researchers at Cambridge University have tricked a chip-and-PIN payment system into authenticating a payment when no valid PIN is present. The exploit uses what is called a "man-in-the-middle" attack, which involves the thief...
Munich, Germany-based Giesecke & Devrient is providing a new form factor for debit cards in Europe. According to a news release from Giesecke & Devrient, the Convego Air Mobile is a sticker that enables a user to conduct contactless payments with a mobile device.
American Banker: In the person-to-person transfer business, text messaging is so 2008. MasterCard Inc.