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News

• Don't blame Anonymous for Facebook porn storm, says researcher

  The recent spam attack that planted pornographic images on Facebook was not the work of Anonymous, a security researcher said today.

• Visa introduces mobile payments for emerging markets

  Visa has introduced a payments product designed for emerging markets to serve the needs of "unbanked and under-banked consumers" who have mobile phones.

• Financial Woes Force WikiLeaks to Shut Down

  Whistleblower site WikiLeaks has temporarily suspended operations because of financial constraints.

• Wikileaks suspends operations, cites lack of funds

  Whistleblower Web site Wikileaks today announced that it has temporarily suspended operations due to financial constraints.

• Web 2.0 Summit to focus on value, pitfalls of online data

  This year's Web 2.0 Summit will focus on the critical role that online data plays in the Internet economy and on how its use and misuse can make the difference between success and failure in markets like online gaming, Web advertising, search, social media and mobile.

• Beyond Google Wallet: A look at the competition

  Google Wallet is finally here, allowing Sprint Nexus S users to pay with their smartphones at select retailers in New York and San Francisco.

• PayPal unveils mobile payments for in-store shopping

  PayPal has unveiled a mobile payment initiative for shoppers that doesn't require near-field communication (NFC) technology inside smartphones.

• Hacker arrests escalate

  As hacking groups like Anonymous and LulzSec have earned a higher profile in the past few months, they've also earned themselves (or perhaps their patsies) an increasing number of trips to jail.

• Why your business should accept mobile payments

  Isis, a mobile payment provider established by AT&A, T-Mobile and Verizon in 2010, announced a deal with Visa, MasterCard, Discover, and American Express Tuesday. Isis offers mobile payment options based on Near Field Communication (NFC) technology, which allows users to "swipe" their phones in front of a scanner to make a payment.

• Visa, MasterCard and AmEx join Google Wallet competitor

  Isis, the mobile-payments joint venture that includes three U.S. national mobile operators, said Tuesday that Visa, MasterCard and American Express have signed on to support the project.

• MasterCard, Visa face EU complaint over WikiLeaks donations

  WikiLeaks' card payment processor is preparing legal action against Visa Europe, MasterCard Europe and other payment intermediaries after its contract to process payments was abruptly terminated following WikiLeaks' release of secret U.S. diplomatic cables last November.

• Does Woolworths' payWave move hold security risks?

  Credit card company Visa announced yesterday that supermarket giant Woolworths had signed up to its new contactless payWave payment system. Visa has touted the convenience of the new system, which allows customers to make purchases under $100 without a signature or PIN; however, some industry analysts have warned of potential security pitfalls with contactless systems.

• Woolworths commits to Visa's contactless payments

  Visa has signed on supermarket giant Woolworths Limited (ASX:WOW) to roll out its contactless payment technology payWave across all of the company’s stores.

• Visa gets behind mobile payment startup Square

  Square, a mobile credit card processing startup, received an undisclosed strategic investment from Visa, the world's largest credit card company. The investment is strategic because Square probably doesn't need the cash. The company was started in 2009 by Twitter founder Jack Dorsey, and recently closed a $27.5 million round of funding at a $240 million valuation.

• Kindle with 'Special Offers' debuts at $US114

  Amazon.com announced a new Kindle with Special Offers for $US114, priced $US25 less than the bestselling $139 Kindle but still above the magic $100 pricetag that analysts say will make the e-reader affordable to most consumers.