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The Coin That Could Replace Payment Cards

Cashless Payments, News, TechnologyBy SMI 04/12/2013

This video is for a new San Francisco based start-up company called Coin. Their stated goal is to build products which “simplify, improve, and fit seamlessly into your life”. The new product, ironically known as Coin®, is a new digital payment card which stores the details of all your payment cards – meaning that you…

Contactless Payments On Tube Early 2014

Cashless Payments, NewsBy SMI 03/12/2013

The UK’s Transport for London (TFL) has announced that the use of contactless credit, debit or charge cards will be available on the tube, Docklands Light Railway (DLR), trams and London Overground rail services by early 2014. The payment cards will be used in the same way as the current Oyster card system, where users hold…

ECB issues recommendations for secure mobile payments

Cashless Payments, NewsBy SMI 02/12/2013

The European Central Bank (ECB) has warned that mobile payment technology currently used by smartphone operating systems represent a security risk as customers increasingly adopt mobile payments for their day to day purchases. As previously reported, mobile phone payments are growing rapidly as smartphone technology becomes more widely available and as consumer trust in the…

Eavesdropping Contactless Payments

Cashless Payments, News, TechnologyBy SMI 27/11/2013

In a paper published in September by the Department of Computing, University of Surrey, UK, researchers demonstrated how contactless payments could be interferred with, effectively “eavesdropping” on the payment systems which use Near Field Communication (NFC) / Radio Frequency Identification (RFID) technology to transfer payment data. With the required technology being increasingly made available, be…

Google Wallet Debit Card Launched

Cashless Payments, News, TechnologyBy SMI 27/11/2013

Following on from the launch of Google Wallet in 2011, Google is now introducing a prepaid debit card which will allow customers to purchase goods at stores and withdraw cash from ATMs. Google Wallet is a smartphone app which allows users to make online payments and transfer funds to other users. It is a digital…