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« March 19, 2006 | Main | March 21, 2006 »

March 20, 2006

Ring Up My Bill, Please

Eric Dash and Ken Belson report for the New York Times on mobile payments using cell phones.

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Dexit Announces Board, CEO Changes

Toronto-based Dexit has announced the appointment of Janet C. Martin as the company's new CEO along with the resignation of board member Rubin Osten.

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More Job Openings In Mobile Payments

San Francisco Bay Area-based mobile payments startup Obopay is advertising for a number of positions including engineering, quality assurance, business development, and risk management positions.

A number of other companies are also hiring for mobile payments positions including Sapphire Mobile Systems along with several undisclosed companies.

Tracer Utility Likely Culprit In Visa's Fujitsu POS Security Alert

Evan Schuman writes for eWeek about Fujitsu Transaction Solutions' reactions to a security advisory issued by Visa regarding its POS software. According to Schuman, a Fujitsu executive said that the problem was not with the core POS software but with a "tracer utility" intended to support testing. TechWeb also covers the story.

India - Sify's Mobile Commerce Via NGPay

Anuradha Shukla writes about the mobile commerce offerings Indian consumers now have available through Sifymall.com using JiGrahak’s mobile commerce/payment platform, Next Generation Play (NGPay).

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UK - Barclays Limits Online Transfers To £1,000

The London Sunday Times reports that Barclays Bank has begun imposing a £1,000 limit on its online banking customers' ability to transfer funds to external accounts.

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Ohio - The High Cost Of Smart Cards

Catherine Candisky writes for the Columbus Dispatch about the state of Ohio's replacement of its original smart card-based food stamp system with magnetic stripe cards beginning a week from today.

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OCC Publishes Insider Activities Guidelines

The Office of the Comptroller of the Currency has published a new booklet in the Comptroller's Handbook series titled "Insider Activities" (pdf). This booklet guides banks in managing the risks of transacting business with insiders -- officers, directors, employees, and controlling shareholders.

Bankruptcies Down After New Law

Christine McManus reports for the Coloradoan (Ft Collins) about the rate of US bankruptcy filings following the effective date of new bankruptcy laws last October and the surge in filings that preceeded it.

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Trintech Partners With Dresser Wayne For Secure Pay-at-Pump

Trintech Group has announced a partnership with Dresser Wayne to supply the fuel retail market with a range of payment technology products that support the latest EMV smart card and PCI terminal security standards.

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Bolero and TWIST Announce Cooperation Agreement

Bolero and TWIST have jointly announced a cooperation agreement to help further promote momentum in the effective delivery of standards in the corporate to bank space. Under this Agreement Bolero will become a Member and Sponsor of TWIST.

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'Patent Trolls' Are Saviors To Some Inventors

Jeff Nesmith writes for the Cox News Service about companies like Acacia Research who pursue patent infringement claims on behalf of some small inventors. One of the Nesmith's examples is Paul Ware, inventor of U.S. Patent No. 4,707,592, issued Nov. 17, 1987: "A financial card transaction system for protecting the financial transactions against fraud.''

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