Earn money with these five apps
We’ve all heard of apps costing you money -- anyone who’s played Candy Crush Saga is well aware that mobile software can be a major drain on the wallet -- but what about apps that can improve your financial situation?
Although the following apps are unlikely to make you millions, they can provide you with a bit of extra spending money each month, many of which require no more work than simply interacting with your phone.
Cyber theft could lead to another financial crisis
In the digital age, money is rapidly evolving into lines of computer code which can easily be hacked, ransomed or stolen by organized criminal gangs (OCGs).
While computerized digital transactions have been instrumental in promoting international commerce and the creation of what is becoming a global economy, they come with a price. The fact that much of the world’s wealth is now stored on computer servers means that this wealth can be stolen or ransomed by cyber criminals. There are also fears that cyber terrorists, possibly state activists in the pay of a foreign power, might simply wipe all records of a significant proportion of the West’s wealth in order to create economic chaos and a financial meltdown.
Google announces Android Pay
Apple Pay now has some serious competition, as Google today announced its own contactless payments solution, called Android Pay, at its Google I/O 2015 developer conference. Android Pay will "soon" be available, as an app, through Google Play.
Android Pay will be an open platform, so developers will be able to integrate it into their apps to allow users to easily pay for things. Bringing its contactless payments solution to market, Google says that it is "bringing together mobile carriers, payment networks, banks and retailers".
Apple Pay to launch in Europe this summer
Apple Pay is still a US-only service, despite it being available for seven months, but the European launch is reportedly coming as soon as this summer.
That’s according to Belgium’s KBC Bank, confirming on Twitter that Apple Pay support will be available this summer. Even though KBC Bank removed the tweet after a few hours, it suggests that the Apple Pay European launch is coming sooner than expected.
The greatest innovator in mobile payments isn't Apple
Every week the technology world holds its breath with anticipation as the latest tech giants make new strides into the mobile payments sector. After years of low consumer take-up of services like Google Wallet and Square, the launch of Apple Pay last year was hailed as a pivotal moment, signaling the time when mobile payments would finally go mainstream.
With mega players like Facebook and Microsoft now joining the peer-to-peer money sending and digital payments fray, even sceptics are wondering if 2015 might truly be "The Year of Mobile Payments". Yet what many don’t realize is that these services are already lagging 10 years behind. The rest of the world is paying attention to a different mobile payments phenomenon -- one that’s been taking place thousands of miles away. Last month, global telecoms body GSMA revealed that the number of active users of Mobile Money -- a service which enables users to send and receive money from basic mobile phones without requiring a bank account or payment card -- had doubled from 2013 to reach 103 million globally.
Jawbone's new UP4 range-topper activity tracker lets you make NFC payments
Wearables company Jawbone now has a new flagship activity tracker. Called UP4, it is the company's first offering to come with NFC payments support. Also announced is a new mid-range activity tracker, called UP2, which is touted to be an "elegant replacement" for the aging UP24.
To enable NFC payments in UP4, Jawbone has teamed up with American Express. To pay, UP4 wearers will simply have to attach their Amex card to their Jawbone account. This can be done straight from the Android or iOS mobile app.
Wiper Messenger now lets you send Bitcoin to your friends
http://youtu.be/MM5yX33mewI
Wiper is a messaging service which offers an interesting privacy and security-centric option. It lets users delete their conversations, on-demand, from the other users' smartphones as well as Wiper's servers. I took a look at what it can do in a previous article, which you can check out here.
Developers are killing Windows Phone
No matter how much Windows Phone has progressed, it feels like it will always be held back by its app store. Lots of nice titles continue to be unavailable, despite claims of the so-called "app-gap" closing. It is not, clearly. When top developers eventually release their apps on the platform, they usually come long after their Android and iOS counterparts and are rarely updated. Let's not even talk about feature parity, which is a huge issue on its own. Of course, that is if those top developers can be convinced to support Windows Phone in the first place, which isn't always the case. It's not an easy thing to do.
Windows Phone Store is also not helped by the developers who decide to abandon or leave the platform altogether. The latest blow is dealt by Chase Bank, which has supported Windows Phone for more than two years. It just announced that it will take the latter route, packing its bags and leaving the platform in just a few days.
The banking loyalty conundrum: security versus convenience
Online banking feels like an accepted channel for today’s consumers, especially compared with its latest mobile incarnation. Yet, with online attacks becoming more sophisticated, banks must remain vigilant by implementing technology defenses while enabling the online channel to provide the convenience that customers now expect. However, with their technology defenses, banks must be wary of putting both existing and prospective customers off with tedious password-enabled security measures. Creating a delicate balance between strong security and convenient access is an ongoing challenge.
Recent independent research commissioned by Ping Identity discovered that more than a third of customers would abandon their bank altogether for an experience that combined both security and convenience. Furthermore, only 28.7 percent of respondents described themselves as 'very loyal' to their bank. Banks are clearly walking a fine line with their customers.
What to expect of FinTech in 2015
Ever since the global economic crisis led customers to question the previously unrivaled traditional banking system, we have seen a wave of innovative players rising up and re-shaping old-fashioned banking models. Over the past few years a host of new companies have shot up, offering alternative methods to everything from loans to foreign exchange services to investments.
While this FinTech revolution has been gradually gaining momentum, 2014 will forever stand out as a landmark year for the industry.
Global Airport Action initiative targets credit card fraudsters
Global law enforcement agencies and the airline, travel and credit card industries have joined forces in a major concerted action to combat online fraud.
The operation, organized via three coordination centers at Europol, in The Hague, Interpol in Singapore and Ameripol in Bogota, and involving over 60 airlines and 45 countries at more than 80 airports across the world, saw 281 suspicious transactions reported and 118 individuals arrested.
Alternative finance -- New ways to spend your money
The days of paying for everything with cash are slowly drawing to a close, and if you borrow or pay back money, there’s a very good chance wads of notes won't be involved in the transaction. I personally do a lot of online shopping, pay for goods in real shops using contactless cards, and send money and pay bills via an app, and I imagine a lot of people do the same. I still carry a wallet, but it generally doesn’t have much, if any, actual money in it.
Foreign exchange marketplace CurrencyFair.com has put together a very detailed, and great looking infographic covering the many different and innovative ways you can now make payments and exchange currencies -- from crowdfunding, through peer-to-peer payments, to cryptocurrency, like Bitcoin.
How to make NFC payments with your Windows Phone
NFC payments are all the rage nowadays, in no small part thanks to the support that Apple Pay is receiving from financial institutions and iPhone users, and raving reviews from the media. Naturally, this may tempt you to give NFC payments a go, to see what all the fuss is about. But what if you have a Windows Phone? Apple Pay is obviously out of the question. What can you do then?
As you may know, Windows Phone supports NFC payments out-of-the-box, thanks to a feature known as Tap to Pay. Like Apple Pay it leverages the built-in NFC chip in your device. The only thing standing between you and paying through it is its lack of support. However, there is another way you can make NFC payments with your Windows Phone, and that is by using the Softcard app, which just arrived on the platform. Here is what you need to know about it.
Apple Pay rival CurrentC hacked -- email addresses stolen
Yesterday, Ed Oswald wrote a story about the retailer-backed payment network CurrentC, describing it as a threat to iPhone and Android users alike. In the article he spoke about the security of the system, saying "CurrentC is overly complicated, and just leaves too many opportunities for something to go wrong, or a hacker to make their way in".
He turns out to have been spot on, as today MCX admits its service has already been hacked, with email addresses of participants in the pilot program and other interested individuals being stolen. Hardly the most auspicious of starts. The following email was sent to those affected:
CurrentC is a threat to iPhone and Android users alike
In the iPhone vs. Android drama, it’s easy to pit one side against the other. Closed architecture vs. open source. Vendor lock-in vs. consumer choice. iOS vs. Android. But a new effort by retailers is one thing that actually unites either side’s fanboys towards a common cause.
It’s called CurrentC. The effort is a payment network created by an organization of vendors known as the Merchant Customer Exchange (MCX), and aims to take credit card processors out of the equation. Payments are processed by MCX itself and then sent directly to your bank for payment. MCX partners read like a who’s who of companies that have refused to accept Apple Pay: Best Buy, CVS, Rite Aid, and Walmart, plus about 50 other major national stores and chains. Target is part of MCX too, however it's playing both sides of the fence (at least for now).
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