The Yahoo! Breach – What Happened, What You Can Do, and Why

The Yahoo! Breach – What Happened, What You Can Do, and Why

If you had a Yahoo account in 2014, you should read this to find out what happened, and what you can do about it. The bottom line is, the advice that Yahoo is giving their users is not nearly enough to protect from the scale of this data breach.

The timeline seems to suggest that much of the damage may have already been done because the information has been on sale in the Deep Web for at least two months, or longer. The Yahoo breach, originally thought to have occurred in 2012, actually occurred in Continue reading “The Yahoo! Breach – What Happened, What You Can Do, and Why”

Seven Myths About New Credit Card Fees

Seven Myths About New Credit Card Fees

It’s been called a “Surcharge,” “Swipe Fee,” “Credit Card Fee” “Interchange,” or a “Checkout fee.” Until today, retailers were not allowed to pass these fees on to their customers. If you heard about it in the news, you may have the impression that you will have to pay 4% more for everything starting today. That is a myth, and it is not the only one: Continue reading “Seven Myths About New Credit Card Fees”

Five Reasons iPhone-5 Excludes NFC

Five Reasons iPhone-5 Excludes NFC

Based on Apple’s press conference on September 12, their strategy can be described as: change customer behavior now, encourage an upgrade later.

The Apple wallet going to be called, imaginatively, “Apple Wallet.” It works without an NFC chip, relying instead on geolocation to determine if an iPhone user is in the proximity of a compatible terminal. Geolocation is clearly not permanent solution because it includes obvious problems, such as: unwanted notifications (if you ever want to be notified that you can use your Starbucks card, for example, you’ll be notified whenever you can possibly use your Starbucks card, whether you want to or not), and imperfect functionality indoors (when you are in a shopping mall, GPS has a hard time figuring out exactly where you are).

So if geolocation is not the ideal permanent solution, why did Apple exclude NFC from the iPhone 5? Continue reading “Five Reasons iPhone-5 Excludes NFC”

Tribute to Steve Jobs 1955-2011

Tribute to Steve Jobs 1955-2011

Update to previous post:Steve Jobs passed away Wednesday October 5, 2011.  Farewell, and thank you.

Here is the original post from August 24:

Steve Jobs, legendary of Apple Incorporated, resigned today as CEO. The Board of Directors of Apple named him chairman, then named Tim Cook as the new CEO according to an article that appeared in Reuters today, and a letter from Jobs posted on the Apple Web Site tonight.

As a practical matter, Steve has been on medical leave since January 17, 2011, and has been seen and heard from by the general public rarely during that period. While it is unclear to what extent Steve is been influencing the operations and direction of Apple since his bout with pancreatic cancer began, stepping down as CEO and becoming chairman may not, in fact, materially change the role he has been playing at the company for over a year.

However, as someone who is focusing on the emerging Mobile Commerce industry and has been waiting for Apple to make a stand in this new arena, I am particularly sorry to see him go at this time. The reason? In a word: innovation. Continue reading “Tribute to Steve Jobs 1955-2011”

The SmartPhone Wallet is Now Available

A torrent of advertising and promotional marketing is heading your way to try to get you to use new services on your SmartPhone at retail stores.  Perhaps you have already seen some, or signed up for some.

At stake is the future of the credit card system that moves over $11 Trillion per year from consumers to retailers. Some of the largest companies in the world think this system should change, starting now.  Other, equally large companies think everything should stay the same.

And these two sides are already lining up on a battlefield, with you standing in the middle.  And, if you are not careful, the first casualty will be your privacy.

Continue reading “The SmartPhone Wallet is Now Available”

Mobile Payments and the Third World

“…what’s past i prologue.”

– William Shakespeare, and to a lesser extent, Visa Mobile

In the Emerging Markets section of the Visa Mobile page, Visa states, 

Nowhere is (the power of mobile payments) more apparent than in developing economies where mobile penetration outpaces bank card availability. Using existing mobile devices to access and transfer funds, make payments, pay bills or top-up wireless air time, mobile financial services represent a “leapfrog” technology in these under served regions. Continue reading “Mobile Payments and the Third World”