Tag Archives: digital wallet
Samsung’s Pay Card will be a ‘true digital wallet’ for its UK phone owners
Uber will pay drivers and couriers after every trip
Uber is making a bigger push into payments and financial services by setting up a division called Uber Money. Among the initiatives Uber has in store is paying its more than 4 million drivers and couriers after each ride. It plans to do so through it...
Facebook releases Zuckerberg’s upcoming testimony in defense of Libra
Tomorrow, Facebook CEO Mark Zuckerberg will appear before the Financial Services Committee, where he's expected to be grilled about Facebook's planned cryptocurrency Libra and digital wallet Calibra. Ahead of tomorrow's inquisition, Facebook has shar...
Facebook’s Libra cryptocurrency loses backing from PayPal
A few days after the Wall Street Journal suggested that some companies announced as initial backers for Facebook's cyptocurrency were reconsidering support, PayPal has announced it will end its participation in the Libra Association. Founding members...
Visa Checkout to shut down in 2020
Visa is completely rehauling its online payment system to add more security. 9to5 Google reports today that Visa Checkout, a competitor to Paypal which integrated with the Google Pay digital wallet, is shutting down in 2020. The move isn't an entire...
Bitcoin entrepreneurs bullish despite tech trouble
BERLIN (AP) — A freeze on Bitcoin withdrawals imposed by three major exchanges won't cause any long-term harm to the digital currency's credibility, entrepreneurs attending a Bitcoin conference said...
Apps for Saving Money
Happy New Year! 2014 has the potential to be a great year, especially if you aren’t stressed about money. Fortunately, with countless personal finance apps, saving money is easier than ever. If...
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Android Fault Leaves Bitcoin Digital Wallets Open to Theft
The discovery of a fault line in Android has left digital wallets open to the threat of theft. This loophole in the system was found by Bitcoin developers. They are quite concerned over the...
iCache Geode digital wallet hands-on (video)
The iCache Geode was easily the most impressive use of technology that we saw during CTIA 2012. It's the epitome of how a fantastic tech idea can be translated to real world use in a very classy and clever way. At its heart it is extremely simple: take all your existing credit, debit, and loyalty cards, save them in a secure way and be able to use any of them without actually having the original cards handy. The system is comprised of a housing for the iPhone coupled with an app, an E Ink display on the rear, a fingerprint scanner, the GeoCard, and a magnetic stripe reader that is capable of quickly reading in your card details and saving them. Using the Geode is a two-step process, scan all your cards into the device with an included scanner attachment, then using the iPhone app select your method of payment and the GeoCard in the housing is instantly programmed. Pop the card out, tap it on a solid surface to activate it and spend your money. Loyalty cards are equally easy to use: select one of them in the app and its barcode is written to the E Ink display on the Geode's rear surface.
Of course iCache has considered the security implications and has addressed them a few different ways. The iPhone doesn't store any of your card details as they're kept in the housing itself, on launch the app does a hardware check to be sure nothing's been tampered with, asks for a fingerprint scan, and the card programming only lasts for a user-defined period of time after you've tapped it on the table. Click on through for a video demo of the whole ride.
Terrence O'Brien contributed to this report.
Continue reading iCache Geode digital wallet hands-on (video)
iCache Geode digital wallet hands-on (video) originally appeared on Engadget on Thu, 10 May 2012 13:22:00 EDT. Please see our terms for use of feeds.
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