Debit card Stories February 29, 2016

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I said last summer in my Apple Watch Diary series that Apple Pay arriving in the UK was the tipping point for me in transforming the Watch from a useful device into something I was reluctant to be without. That was confirmed last week when a fraud attempt left me without Apple Pay for a couple of days.

I received a text from my bank asking me to call them as they suspected my card had been compromised. I call them to find that they’d blocked an attempt to use my debit card for a £1200 ($1700) online transaction. As it was for a gadget purchase, I was impressed that they caught it – though perhaps it was the surprise at a large purchase from a non-fruity company …

Having confirmed that I didn’t make the transaction, they put a stop on my card and said they’d send a new one out within a few days. Interestingly, the UK seems to lack one Apple Pay feature the US has …  expand full story

Debit card Stories October 21, 2015

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A former Apple Store employee has been charged with grand larceny and other crimes after allegedly using fraudulent credit and debit card details to purchase an incredible $997,000 worth of Apple gift cards in just three months.

24-year-old Ruben Profit is accused of carrying out the fraudulent purchases while working at the Apple Store in the Queens Center Mall in Elmhurst, the company’s first retail store in Queens. All of the purchases were made between August and October, reports NBC New York …  expand full story

Debit card Stories February 23, 2015

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Contactless credit and debit cards are only just starting to take off in the USA, but with Apple Pay driving merchants to introduce contactless payment terminals, you are increasingly likely to find that RFID symbol on your bank cards when you receive replacements.

We’ve had contactless cards in Europe for a few years now, and they’re even more convenient than Apple Pay for low-value transactions. For anything up to £30 ($46), you don’t need to verify the transaction in any way: just tap your card against the terminal. You can even do this without taking the card out of your wallet. (Bank guarantees protect you against fraudulent transactions.)

Convenient, that is, unless you have more than one contactless card in your wallet. This can either lead to the wrong card being debited or, more usually, cause the transaction to fail. Truffol has come up with an iPhone 6 wallet case specifically designed to solve this problem …  expand full story

Debit card Stories December 19, 2014

The value of Apple Pay in one stat: almost half of Americans have had card details stolen

Apple Pay may be more convenient than carrying around a whole bunch of different cards, and contactless payment is certainly very quick and easy, but it’s the security which is arguably the greatest benefit. Your actual card details are never stored in your phone or on an Apple server, and only a one-time code is sent to the payment terminal. Retailers never see your card details.

Just how important is this? A WSJ/NBC News poll reveals that a full 45% of Americans have been told by a retailer, bank or card company that their card details have been stolen in a data breach.

In the past year alone, major breaches have been reported at Target, J.P. Morgan Chase, Home Depot, K-Mart, SuperValu and others […] 

Some 45% of Americans said they had received such a breach notification letter from a retailer or card-issuer that their payment data had been affected by a breach

Fifteen percent of those polled also said that they had been hit by online fraud or hacking.

Apple Pay is currently only available in the US, but a job listing recently revealed that Apple is working on bringing the service to Europe and beyond.

Debit card Stories November 28, 2014

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For all of its greatness, Apple Pay hasn’t nearly killed the need to take your wallet with you wherever you go. But if you are like me, it has lightened your load a little bit. Instead of carrying around 5 credit cards, I now carry around one each of debit and credit. Combine that with some other de-Costanzifications (scan insurance cards and health club cards for instance) I’ve made recently, I can now consolidate my wallet into a few card slots.

What I’m getting at here is that I can follow the lead of my wife and now consolidate my iPhone and my wallet finally. I’ve chosen two amazing iPhone 6 and iPhone 6 Plus cases from my favorite iPhone case manufacturers to get me there: Pad and Quill’s Little Pocket Book ($60 -$10 off for Black Friday) and Twelve South’s $50 Surfacepadexpand full story

Debit card Stories September 10, 2014

After launching its new mobile wallet service Apple Pay during yesterday’s keynote, the company gave demos afterwards, TechCrunch sharing a video.

The card you have registered with your Apple ID becomes your default card, but you can add others by using the camera on the iPhone 6 to identify it. The iPhone requests permission from your bank, and the card is then added to Passbook …  expand full story

Debit card Stories July 29, 2014

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You wouldn’t think it would be easy to use a debit card on a closed account to scam an Apple Store out of around $7200’s worth of kit, but that’s what a 24-year-old fraudster is alleged to have done not just once but a total of 42 times – netting a total haul worth $309,768.

The Tampa Bay Times reports that the East Tampa resident Sharron Parrish used an absurdly simple method to persuade Apple Store staff to override payment terminals after his transactions were declined …  expand full story

Debit card Stories July 16, 2014

Google Wallet iOS app adds gift cards, invoicing, ability to send money from debit cards for free

 

Google today announced new features for its Google Wallet app for both iOS and Android that makes it easier to manage gift cards and request and send from debit cards.

Like Google Wallet already allowed for loyalty cards, the app now lets users store, redeem, and check gift card balance:

Debit card Stories December 4, 2013

Google Wallet for iOS updated with single sign-on, card adding via camera

Google has updated its Google Wallet application for the iPhone with a few notable enhancements. First, like it has added to its other apps on iOS as of late, Google now allows single sign-on for Wallet. This means that if you are signed in via Google to YouTube, Gmail, Adsense, or other compatible Google apps, you can be automatically logged in to the Wallet app. More interestingly, you can now use your iPhone’s camera to capture the data from your debit card or credit card to connect it to the app. Google added that feature to the Android app last month. Google Wallet recently launched a physical card program for Wallet. The update is free in the App Store.

Debit card Stories August 8, 2012

In an announcement on Square’s website today, CEO Jack Dorsey announced Starbucks signed up to accept payments from customers through the Pay with Square iOS app via Square’s iPhone credit card readers and merchant app. Dorsey also confirmed functionality would roll out to nearly 7,000 Starbucks locations soon, while Starbucks locations will be added to the Square Directory. The Square Directory will also soon be accessible from a number of Starbucks platforms including the Starbucks Digital Network and mobile payment app. Starbucks announced in its own press release that it would invest $25 million in Square, while Starbucks’ chairman, president, and CEO, Howard Schultz, will join Square’s board of directors. On top of credit cards, Starbucks will use Square to handle debit payments, which the company said would reduce overall payment processing costs.

Beginning this fall, in addition to the existing iPhone® and Android™ Starbucks mobile payment applications, Starbucks customers will be able to use Pay with Square to pay for their purchases at participating company operated Starbucks locations in the U.S. Customers simply need to download the Pay with Square application and set up an account on their iPhone® or Android™ device.

More than two-thirds of the 27 million small businesses in the U.S. currently do not accept credit or debit cards, in large part because of the expensive interchange fees associated with payment processing, cumbersome application process and required credit checks. Square enables merchants of any size – from sole proprietors to national retailers – to accept credit and debit cards.

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