Skip to Content

Massively explains Warhammer Online to the dedicated WoW player
AOL Tech

Posts with tag cash

Sony, NXP get official with Moversa joint venture

Chances are, you had forgotten all about Sony and NXP's little initiative to cooperate on a NFC (near-field communications) standard, but the two seem to have finally worked out all the kinks and are ready to move forward. The joint venture, dubbed Moversa, will seek to "drive global adoption of contactless smart card applications in mobile phones," and it's already planning to develop, produce and market a Universal Secure Access Module (U-SAM) that "incorporates both MIFARE and FeliCa operating systems and applications." Essentially, the duo is hoping to accelerate the adoption of integrated contactless support, which would enable users to make payments (among other things) easily via their handset. If you're curious about availability, we're hearing that samples should be shipped out in mid-2008, but commercial deployments aren't scheduled to happen until the end of next year.

[Via Yahoo / Reuters]

"Wave-and-pay" system headed to Canada


Oh, Canada! If all goes to plan, you Canucks up north will soon be able to take advantage of technology that is already in use in many corners of the globe. Reportedly, the Royal Bank of Canada and Visa Canada will be teaming up to launch a pilot program that enables users to purchase goods by just waving their cellphone in front of a reader. The handsets will sport an embedded microchip to pass along payment information, and similar to PayPass setups, it'll require no pin / password / signature for transactions under $25. Anne Koski, head of payment innovations at Royal Bank's cards division, noted that it was still too early to say which mobiles would eventually feature the built-in technology, but hopefully we'll be finding out sooner rather than (even) later.

[Image courtesy of USATech]

Apple not just refusing cash, also refusing Apple Gift Cards for iPhones


You can chalk this one up to our bad in assuming best intentions, but when Apple said no cash for iPhones, they damn well meant it -- enough to extend the policy out to no cash for anything that could in turn purchase an iPhone. Turns out you can't even use your Apple bucks to buy an iPhone anymore, not even if someone bought you an Apple Gift Card with their credit card. Ok, for a lot of you this isn't a big deal, but who gets hit hardest? Try all those teenage Apple fanboys begging various family members for small denomination gift cards that will add up to the iPhone they've been after. We've never heard any company being so adamant about keeping non-paper trail for every single damned purchase, but now we're just left wondering how long until someone (or some state) sour from this bitter pill decides to challenge Apple on that whole US dollar bills being "legal tender for all debts, public and private" thing.

P.S. -No we're not lawyers, but yes, we're aware that it's probably completely legal for Apple to do. But that doesn't make it right, nor does that mean it will go unchallenged, you feel us?

[Thanks, Kevin]

Apple refusing to accept cash for iPhone, limits 'em to two per person

Coincidence or not, Apple has stiffened up the requirements to pick up a new iPhone shortly after announcing that 250,000 or so of the 1.4 million it sold in Q4 went to unlockers. In an admittedly intriguing move, Apple has decided that it will "no longer accept cash for iPhone purchases," and moreover, each individual will only be allowed to buy two (on plastic, of course) in an effort to "stop people from reselling them." More specifically, spokeswoman Natalie Kerris stated that the company is "requiring a credit or debit card for payment to discourage unauthorized resellers," so don't even bother bringing the greenbacks if you're lookin' to grab an iPhone from Apple.

[Image courtesy of PCWorld]

Western Union hopes to enable mobile money transfers, scammers rejoice

Just when you thought those Nigerian scammers were simply running out of avenues to coerce you into cashing some counterfeit check for $4.98 billion, along comes this. Western Union is apparently buddying up with 35 or so cellphone operators to "develop a system that would allow consumers to transfer money from country to country via their mobile phones." Reportedly, the outfit has successfully tested the service in a number of US cities, and if everything goes as planned, it could launch in Q2 of 2008. Notably, it still sounds like an actual human will be a part of the process, as the system will purportedly "connect the user to a company operator to complete the transaction." Quite frankly, we appreciate the convenience of such a service, but don't you go falling for any sappy stories of long-lost cousins needing your help to funnel in millions as you ride to work, alright?

SK Telecom, EarthLink dump $200 million on Helio

As Amp'd scrambles for life and limb and Palm sees its once tight grip on the market slipping away, Helio is being rewarded with a pair of checks worth $100 million apiece. Reportedly, SK Telecom and EarthLink are set to inject a substantial amount of cash into the MVNO, as it has supposedly burned through the initial $440 million initially put forth. Recent financial results from Helio have been less than encouraging, but obviously someone up the ladder thinks it's wise to forge ahead through treacherous waters. Of course, just about anything can survive with enough funding to back it, but unless things get turned around real quick like, Helio isn't likely breathe new life into the oft neglected MVNO universe.




    AOL News

    Other Weblogs Inc. Network blogs you might be interested in: