There's a cold war going on in the technology world. As smartphones become ubiquitous and online shopping grows, tech companies and payment companies are arming themselves for battle over how people pay for things.
A security industry blog warned on Friday of a potentially “massive” data breach affecting as many as 10 million Visa and MasterCard accounts.
With the boom in online and mobile shopping, it just seems a little obsolete nowadays to pay with a good ol’ credit card. Well, Visa thinks so, too.
This article has been cross-posted from our partner site, Technologizer.
Here comes the digital wallet—to the New York area, at least. Reuters is reporting that Bank of America and Visa will be rolling out a pilot pay-by-phone program in the New York area next month that’ll run until year’s end.
AT&T, Verizon Wireless and T-Mobile are said to be working out a deal to replace MasterCard and Visa cards with their respective smartphones. According to Bloomberg’s sources, the three U.S. mobile carriers are working in conjunction with Discover Financial Services (4th largest payment network) and Barclays PLC (bank) to test the system in Atlanta and [...]
