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Articles tagged with: money

NFC Hack For The iPhone 4

NFC is the newest way to pay for your stuff by allowing you to make transactions using your NFC equipped device. This feature is widely integrated in new Android devices but unfortunately, iPhone 4 doesn’t come pre-equipped with this technology.

Lack of a NFC chip hinders iPhone users from enjoying the blessings of near field communications and sometimes it becomes rather annoying for i-users when they see someone using an NFC equipped Android to make their payment (or so we assume). But as long as there is technology, there will always be those looking for ways to make the most out of it. Hopefully, making payments through your iPhone 4 are no more a problem.

U.S. Shutting Down Data Centers To Save Taxpayer Woes

In order to save money, the US federal government decided to shut down more than 350 data centers by the end of 2012 and another 400 by end of 2015. This was decided to save billions of dollars from US taxpayers.

Currently, more than 2000 data centers with 40 percent storage capacity and 27 percent computing capacity are running across the country.

The decision is quite good in saving money but what about the employees working there? Thirty states will be affected by this decision…

Amazon Launches Textbook Rentals For Cash-Strapped Students

The popular online retailer, Amazon, today launched textbook rentals for the upcoming Fall semester that hopes to put a serious dent in current textbook prices. As many of you know, textbooks are almost always sold by the college itself, but at much higher prices than you can find elsewhere.

Sometimes you only save $10 or $20, but other times you can save over $100 per textbook, which is a significant savings for any cash-strapped college student.

Foursquare Adds Deals Section To App

The popular social networking site that is based on its users locations, is now offering ‘Deals’ to its platform. Foursquare’s new Deals special shows the latest deals from LivingSocial, Gilt City, Zozi, BuyWithMe, and AT&T Interactive.

The service works similar to a compiler, and some deals are made available exclusively to Foursquare users, sometimes deals as good as 50% off.

eBay Inc. Acquires Zong

eBay said this morning that it is acquiring Zong, a venture-backed mobile payments provider, for about $240 million in cash.

Zong works with more than 250 mobile network operators worldwide, offering localised payment services on a user’s mobile phone or PC through their carrier billing. Consumers have to enter their mobile phone numbers and then, in a matter of seconds, Zong verifies that number and clears the payment on the customer’s existing wireless service account.

Google Launches Prizes Site

Last year Google acquired Slide, a company best known for its 3rd-party Facebook apps and photo sharing software. It was also founded by PayPal co-founder Max Levchin. Now it seems Slide is reappearing in a different guise running the new website Prizes.org.

Prizes.org is a social contest website wherein users can create contests for problems that need solutions. They can post some questions or tasks, and the person who can give the best answer will win a cash price.

Regulators Request Banks To Improve Network Security

US financial regulators have asked that all banks do their best to boost network security after companies have gone through a flurry of cyber attacks. The Federal Financial Institutions Council recommended that banks perform regular risk assessments as well as keeping customers informed about any online banking security issues.

The Council urged that all banks demand more than one form of customer authentication since hacking often occurs via keyloggers, where passwords are stolen on personal computers.

New Dutch Coin Can Be Scanned

The Royal Dutch Mint has just produced a limited edition of QR coded coins to celebrate the 100th (centennial) anniversary of the Mint in Utrecht. The silver coin is worth 5 euros and the gold coin is worth 10 euros. Both coins will be issued this month, on June 22nd.

What makes these coins unique is that you can scan the code that is found on the back of each coin. Supposedly the code will provide information on where the coin was manufactured, and the scan currently points to this site.

Your Money Is No Longer Safe At The Bank

According to newser, hackers managed to steal over $300,000 from a client’s Ocean Bank account, but according to a Maine judge’s ruling, the bank is not responsible. The judge understood that the bank didn’t follow the best security practices, but rules that the customer should have done more to protect the account. What?! Did a judge just blame the customer for choosing to trust a bank with his money?

The hackers got access to Patco Construction (the victims) Company’s banking credentials by sending a malicious e-mail to employees and then installing a password-stealing Trojan.

Four Men Caught In $1.5 Million Skimming Operation

According to PCWorld, three Romanian men and one Austrian man were indicted on Monday by U.S. federal prosecutors. The four men stole over 1.5 Million U.S. dollars by cloning payment cards with stolen account information. The men are charged with skimming (recording account details from the magnetic stripe of payment cards while capturing a person’s PIN by using fake overlays on the number pads.

Accounts were targeted at Citibank, and JP Morgan Chase between March 2010 and May 2011. The affected cities included New York, Miami, and Chicago. The four stole about $110,000 per month over those fourteen months, perhaps splitting it four ways at about $27,000 each, per month ($324,000 individual ‘salary’).