Our increasingly automated world should make driving safer. It could also make things safer for your checkbook.
And just like with cars, it takes a healthy amount of trust to let the machines take over.
“[It’s] kind of like a self driving car for your credit card,” said Jason Brown, cofounder of Tally.
Tally is a new app that offers the ability to automate your credit card payments, ensuring you’ll never again be hit with a late fee.
A serial entrepreneur, Brown has already founded and sold three companies including Gen110, which provided solar panels to homeowners who had big energy bills. Read more…
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Be careful where you put your card. The ATM manufacturer NCR has recently issued an alert to banks, warning them that there’s been a rise in the use of “deep insert skimmers,” which hide inside cash machines and are virtually impossible to spot.
Just because the Square Reader is new doesn’t mean it isn’t susceptible to the same scams as old school ATMs and credit card readers.
Three recent Boston University graduates are preparing to publicly present research that demonstrates how to hack Square’s mobile payments hardware. The research is set to be shown off at the The Black Hat Security conference in Las Vegas this week.
The team said it discovered a way to steal credit card information using a modified Square magnetic stripe reader.
By tampering with the magstripe reader, the team was able to turn Square’s hardware into a credit card skimmer, a device that can be used to steal credit card informationThe modified reader doesn’t work with the proprietary Square app, but it could be used to steal credit card information using a custom-recording app, according to the team behind the hardware hack Read more…
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