archive-com.com » COM » 9 » 911OMISSIONREPORT.COM

Total: 693

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • Visa to launch digital wallet for U.S. banks
    cards and other cards People can use the wallet to pay for things online or in stores Visa said The network will also have to convince merchants to put a new one click button on their websites so that potential customers can use their Visa digital wallets to buy things by clicking the button instead of by manually entering all of their account information every time they want to make an online purchase Banks mobile phone operators and networks like Visa are all trying to gain a foothold in the small but high potential market for U S mobile payments Last week Isis a separate mobile payments venture run by three of the top four U S carriers said it had modified its initial goals and was now open to working with Visa and MasterCard as it introduces its own mobile wallet Jim McCarthy Visa s head of global products told Reuters in an interview on Wednesday that mobile payments in the United States will more easily take off from people using their smartphones browsers to buy things online But Visa and its rivals including MasterCard Inc American Express Co and Discover Financial Services are also trying to figure out

    Original URL path: http://www.911omissionreport.com/digital_wallet.html (2016-02-14)
    Open archived version from archive

  • Does PayTag mean the end of cash in your pocket?
    currencies for the supposedly grander ideals of the euro but it no longer carries any certainty of value or exchangeability It is more than 80 years since we abandoned the gold standard more than 40 since after a series of painful devaluations in the 1960s we abandoned fixed convertibility to the US dollar which was itself fixed against gold Since then the pound has been a pure fiat or paper currency at the whim of government machinations and devalued in real terms by decade after decade of inflation and lately by the Bank of England s quantitative easing The resonant phrase still found in tiny print on the notes I promise to pay the bearer on demand the sum of twenty pounds over the signature of the Bank s chief cashier means nothing more than that if the security men let you through those great brass doors in Threadneedle Street you can swap it for a bag of assorted coins As to the metal content of those coins its value bears no relation to what they might buy and in the case of the new nickel coated steel five and ten pence pieces now being phased into circulation they may according to some dermatologists carry the risk of a nasty skin disease Those as yet unproven health risks incidentally were first flagged up in Sweden which is leading the world in the shift to a cashless society Most Swedish buses no longer accept cash fares some bank branches no longer handle cash at all even churches are installing card readers to collect small donations And the leader of the campaign to make notes and coins a thing of the past is none other than Bjorn Ulvaeus the bearded bloke in Abba and co composer of Money Money Money who was converted to the cause after his son was repeatedly mugged The potential for reducing cash related misbehaviour is a big arrow in the quiver of the advocates of cashlessness It s easy to count who loses out in the transition not just the mugger but the market stallholder the vendor of contraband booze and rolling tobacco the odd job plumber and anyone else who routinely fails to account to the taxman The Spanish government teetering on the brink of the next episode of Europe s debt crisis is proposing to outlaw all cash transactions involving more than 2 500 euros in order to quell the black economy and maximise tax collection but also proposing to exempt non residents so cash rich British bank robbers can rest assured that they will still be able to live it large on the Costas Take all these points together and you might be beginning to think I really don t need notes and coins any more send me my PayTag sticker and let s move on But think again There are a set of practical and psychological reasons to hang on to money in its old fashioned tangible form First security both physical and

    Original URL path: http://www.911omissionreport.com/paytag.html (2016-02-14)
    Open archived version from archive

  • Use Your Driver's License as a Debit Card
    system to five regional convenience store chains starting in June Although only 24 states currently issue licenses with magnetic stripes NPC can also add e payment functionality to a chain s existing loyalty cards One of the first contracts NPC signed was with Flash Foods a convenience store chain based in Georgia a state that doesn t have magnetic stripe licenses By 2010 NPC Chief Executive Officer Joe Randazza expects the system will be in place at more than 36 000 locations While a 36 traditional credit card purchase could cost a gas station around 86 cents or more if it s a rewards card NPC charges a flat 15 fee for each transaction it processes That means that retailers using NPC s system can afford to pass along an instant discount to customers creating what s in essence a self funded loyalty program while still coming out ahead Randazza estimates his eight person company based in Boca Raton Fla will be in the black by late 2008 see BusinessWeek com 5 10 07 The Problem with Loyalty Programs Focusing On Gas Stations Guy Oliver of MTG Management which manages three of the Texas gas stations where the NPC system is being piloted says he s pleased to have some control over his spiraling credit card processing costs With Visa and Mastercard there doesn t seem to be any relief in sight he says We pay more in interchange fees than we do for freight to get the gas to the stations Randazza says the technology has applications in other industries but for now the company is focusing on gas stations and convenience stores where already slim profit margins have been particularly hard hit by rising credit card interchange fees see BusinessWeek com 11 17 03 The Virtually Cashless Society

    Original URL path: http://www.911omissionreport.com/drivers_license_debit_card.html (2016-02-14)
    Open archived version from archive

  • AT&T, Verizon Want to Replace Your Credit Cards
    Discover the fourth largest payments network in the U S will handle the behind the scenes payment processing systems How Secure is This Your smartphone already contains a lot of your personal information are you ready to trust it with your bank accounts and credit cards Fast Company is enthusiastic about the secure possibilities Now when the RFID system integrated with a smartphone s circuits a whole world of possibilities opens up including using the smartphone s screen as a super secure numeric pad for accessing your PIN or even using the smartphone s sensors as a more secure user ID detection system Using location data sent over the phone s data network would also ensure greater security as you d know that the phone is being used where it says it is and no one s cloned the RFID data to steal your money There s also the opportunity for retailers to send data back to your phone in the form of adverts or loyalty card like reward points However RFID technology is not immune to threats A 2006 study determined that RFID tags are susceptible to viruses RFDump a site and tool devoted to auditing RFID tags exposes RFID security flaws raising questions about how retailers should be using this technology There s even an RFID hacking underground in case you weren t paranoid enough When s This Coming Citing unnamed sources Bloomberg claims that these smartphone payment mechanisms will be tested in Atlanta stores and in three other U S cities No specific U S release date has been made public NFC technology is already present in several overseas countries To name a few France has a thriving NFC enabled network used for access control public transportation tickets and electronic payment systems Orange the fifth largest telecom

    Original URL path: http://www.911omissionreport.com/phone_credit_cards.html (2016-02-14)
    Open archived version from archive

  • Sweden moving towards cashless economy
    of 9 percent in the eurozone and 7 percent in the U S according to the Bank for International Settlements an umbrella organization for the world s central banks Three percent is still too much if you ask Ulvaeus A cashless society may seem like an odd cause for someone who made a fortune on Money Money Money and other ABBA hits but for Ulvaeus it s a matter of security After his son was robbed for the third time he started advocating a faster transition to a fully digital economy if only to make life harder for thieves If there were no cash what would they do says Ulvaeus 66 The Swedish Bankers Association says the shrinkage of the cash economy is already making an impact in crime statistics The number of bank robberies in Sweden plunged from 110 in 2008 to 16 in 2011 the lowest level since it started keeping records 30 years ago It says robberies of security transports are also down Less cash in circulation makes things safer both for the staff that handle cash but also of course for the public says Par Karlsson a security expert at the organization The prevalence of electronic transactions and the digital trail they generate also helps explain why Sweden has less of a problem with graft than countries with a stronger cash culture such as Italy or Greece says economics professor Friedrich Schneider of the Johannes Kepler University in Austria If people use more cards they are less involved in shadow economy activities says Schneider an expert on underground economies In Italy where cash has been a common means of avoiding value added tax and hiding profits from the taxman Prime Minister Mario Monti in December put forward measures to limit cash transactions to payments under euro1 000 1 300 down from euro2 500 before The flip side is the risk of cybercrimes According to the Swedish National Council for Crime Prevention the number of computerized fraud cases including skimming surged to nearly 20 000 in 2011 from 3 304 in 2000 Oscar Swartz the founder of Sweden s first Internet provider Banhof says a digital economy also raises privacy issues because of the electronic trail of transactions He supports the idea of phasing out cash but says other anonymous payment methods need to be introduced instead One should be able to send money and donate money to different organizations without being traced every time he says It s no surprise that Sweden and other Nordic countries are at the forefront of this development given their emphasis on technology and innovation For the second year in a row Sweden ranked first in the Global Information Technology Report released at the World Economic Forum in January The Economist Intelligence Unit also put Sweden top of its latest digital economy rankings in 2010 Both rankings measure how far countries have come in integrating information and communication technologies in their economies Internet startups in Sweden and elsewhere are now hard

    Original URL path: http://www.911omissionreport.com/cashless_sweden.html (2016-02-14)
    Open archived version from archive

  • French road-test cashless technology
    them is an underground parking garage the town hall a bus stop that can transmit timetable information a cinema poster that downloads video trailers to people s phones a local supermarket where people can pay for their groceries with their phone and a tourist information sign outside the historic Abbaye des Hommes By touching a mobile phone against the Flytag logo at each of these locations people can pay for services or receive information straight to their phone The practical side The Abbaye is one of the more interesting showcases for the use of this technology By placing the back of the phone against an NFC reader in the sign information about the site is sent to the mobile by either an SMS or a phone call functioning like a cheaper version of the audio guides found at many popular tourist attractions Laurent Duchelet furniture restorer and self confessed non techie is one of the Caen citizens taking part in the trial using NFC every day when accessing a parking garage and every week to pay for his groceries There s a practical side to NFC When I have my phone I don t need to get out my cash my card for the car park and I can make phone calls It s already normal for me he told Silicon com He added that the only problem he has experienced with the technology is the need to remember to keep the phone s battery charged Duchelet is one of 200 people taking part in the trial which is in its first phase The second stage will see the number of participants increased to 400 or 500 Luan Le design manager of NFC at Philips said that the feedback from the trial so far has been very positive and that

    Original URL path: http://www.911omissionreport.com/french_cashless.html (2016-02-14)
    Open archived version from archive

  • Rich nations backlash against globalisation
    liberalisation of their economies to trade with emerging countries Those polled in Britain France the US and Spain were about three times more likely to say globalisation was having a negative rather than a positive effect on their countries The majority was smaller in Germany with its large export base Corporate leaders fared little better with 5 per cent or fewer of those polled in the US and all large European economies except Italy saying they had a great deal of admiration for those who run large companies In these countries between a third and a half said they had no admiration at all for corporate bosses In response to fears of globalisation and rising inequality the public in all the rich countries surveyed the US Germany UK France Italy and Spain want their governments to increase taxation on those with the highest incomes In European countries a large majority want governments to go further and to impose pay caps on the heads of companies Europeans still overwhelmingly support the principle of free competition within the European Union contrary to Nicolas Sarkozy s wishes at the recent European summit but in France Germany and Spain the populations want their political

    Original URL path: http://www.911omissionreport.com/globalization_poll.html (2016-02-14)
    Open archived version from archive

  • Could The Electric Car Save Us?
    little more math you might get a little electric car sticker shock This radical innovation doesn t come cheap The Tesla starts at 98 000 At this price it compares comparably favorably with sports cars that have this kind of performance Actually the Tesla handles like a sports car and can go quite fast It s selling fast too The first 570 Tesla roadsters have already sold out and there s a one year waiting list Fortunately not all Tesla Motors cars will cost so much the roadster is just an opening move With that progress then we consider the next car Eberhard said Then we look for a car that s in the 50 000 range that can seat you know five adults as our next model So why does it take a Silicon Valley startup to reinvent the electric car Why can t Detroit do it Actually it can Bob Lutz is vice chairman for Product Development at General Motors The Chevy Volt electric is his baby and it won t cost 100 000 My personal target still is to bring this car into the market at you know nicely below 30 000 Lutz said The Volt can run for 40 miles on a battery charge which GM says is enough daily range for 82 percent of the population But for longer trips the Volt also has a tiny engine either gas or ethanol or hydrogen that recharges the battery as you drive That engine never drives the car Lutz said It s not hooked up to the wheels Think of it as a portable generator that gets your battery back up The car is almost an inside out traditional hybrid Instead of a battery helping out the gas engine the gas engine helps out the battery But skeptics like Vijay Vaitheeswaran may have a hard time believing that these cars are the solutions I would watch very carefully what GM actually does he said The country saw a small moment of hope you know for electric cars for zero emission vehicles in the 90s when California saw GM produce the most aerodynamic production car ever made It was called the EV1 And it was very popular amongst those who could get their hands on it You can see the end of that sad story in the documentary Who Killed the Electric Car Filmmaker Chris Paine was the director In the 1990s California told car companies that they had to put electric cars on the road he said It took about eight years for a variety of industry interests to kill these mandates And as soon as they killed them the car companies took the cars back and destroyed them And people were very upset about it In General Motors case they took the cars out to Arizona and they secretly crushed them all Today Bob Lutz admits that crushing the EV 1s may not have been the best way to conclude that experiment Now it turns out

    Original URL path: http://www.911omissionreport.com/electric_car_save_us.html (2016-02-14)
    Open archived version from archive



  •