This SDK (software dev kit) provides mobile device developers with the source code, application programmer interfaces (APIs), sample applications, and documentation to implement the IrFM Point and Pay Profile. Infrared for Financial Messaging (IrFM) specifies a standard way to make payments using infrared connections for proximity payments. In February 2002, IrDA's IrFM working group released the initial draft of the IrFM Point and Pay Profile for public review. The Point and Pay profile leverages existing financial instruments and defines the roles of the client device and the point-of-sale (POS) terminal. Additionally, it utilizes the Object Exchange (OBEX) protocol for exchanging transaction data.
Once again, Microsoft is found not to be telling the truth about serious issues. And, once again, the governmental agency with the power to do something realistic fades away on contact. The FTC hasn't even issued a slap on the wrist here. It merely got Microsoft to agree not to do it again.
According to the Commission's complaint, Microsoft falsely represented that:The FTC is accepting public comment on the proposed order for 30 days, until September 9, 2002, after which the Commission will determine whether to make it final. Comments should be sent to: FTC, Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, D.C. 20580. The Seattle Times also reports on this story.
- It employs reasonable and appropriate measures under the circumstances to maintain and protect the privacy and confidentiality of consumers' personal information collected through its Passport and Passport Wallet services, including credit card numbers and billing information stored in Passport Wallet;
- Purchases made with Passport Wallet are generally safer or more secure than purchases made at the same site without Passport Wallet when, in fact, most consumers received identical security at those sites regardless of whether they used Passport Wallet to complete their transactions;
- The Kids Passport program provided parents control over what information participating Web sites could collect from their children.
Microsoft‚s top lawyer, Brad Smith, said the agreement "puts specific processes in place to assure our customers that we are meeting a high bar for security and privacy protection." "We wish we had held ourselves to an even higher bar," Smith said, adding that, "We accept responsibility for the past and will focus on living up to this high level of responsibility in the future."
Since 1996, Visa DPS has been an industry leader in providing electronic banking payment products and services for the financial services industry. The financial institutions that partner with Visa DPS are able to combine all ATM and point-of-sale processing with a single provider. Visa DPS is integrated with Visa's global product development resources, and provides processing support for Visa's newest product initiatives, including Verified by Visa, Host-Based Stored Value products, and the Visa POS Check Service. Visa DPS provides a support infrastructure unmatched in the marketplace, and has become the largest volume check card processor in the U.S., providing support for over 43 million check cards.
PayPal and its prospective owner, eBay, are under new scrutiny from federal regulators. PayPal received two federal grand jury subpoenas last month concerning its processing of online gambling transactions, in addition to requests from federal regulators regarding the proposed merger with eBay, according to regulatory filings.
NTT DoCoMo, Inc. and its eight regional subsidiaries announced today that DoCoMo, in tie-ups with eight credit card companies, will introduce the "DoCoMo Card," a new credit card that will be available nationwide from August 19.This looks to be a loyalty/affinity co-branded card. What's unusual is their tie-ups with multiple credit card issuers rather than just one.
During a game, CellBucks customers refer to a printed menu and call a toll-free number, punching in codes for the desired goods, as well as their seat locations. After running a quick credit check, the CellBucks system places the order. Customers pay no additional fee, beyond the usual amounts charged at stadiums; the company takes a percentage of the purchase price.