Assuming this leaked screen capture is showing some accurate details, then it looks like Google Wallet will be launching a bit later today. Of course, the support for Google Wallet is going to be pretty limited at launch including only those with a Nexus S running Android 2.3.4. Further evidence that this is indeed an more »

Google may have officially unveiled Google Wallet back in May, however they have just recently offered up a video showing off their first customer. Of course, its just a spoof video and not a true customer, but it is one that fans of Seinfeld will probably get a good laugh at — George Costanza and more »

Though it was leaked ahead of time, Google officially announced Google Wallet today in New York City. Google Wallet is still in the testing phase and is scheduled to be released soon. When it’s made available, the only device that will be able to use it is the Nexus S 4G which is available on Sprint. Other near field communication (NFC) phones will benefit from Google Wallet later down the line.

Google is said be working on a system that will allow users to make payments in stores using their smartphones. A Wall Street Journal report says that Google is involved with Citigroup and MasterCard in this project. When all is said and done, individuals who possess Citigroup credit and debit cards can use their smartphones as a digital wallet.

Visa is testing NFC payments in four European countries using the iPhone with an NFC radio attached. The test is part of the growing acceptance of contactless payment solutions. Users can make payments in stores, on public transport and receive exclusive digital coupons. According to a Visa survey, 87% of iPhone users would use an more »

The cyberwar launched against several major websites by supporters of the embattled WikiLeaks continued through out Thursday, led by a group of hackers calling themselves Anonymous. The group distributed software and launched DDoS attacks aimed at disrupting sites that dropped the site as a customer, including Amazon, Paypal,Visa, Mastercard, and others. Amazon dropped the site more »

The signature as a means to identify transactions is going the way of the Dodo bird. Presented with difficult identity confirmation brought about by online purchasing, credit card companies are scrambling for a solution to the fraud the new world presents. MasterCard Europe believes they’ve a nifty solution. Actually, MasterCard has two solutions. By harnessing more »

Three men have been indicted in what federal authorities are calling the largest identity theft case ever prosecuted. The three men are accused of hacking into the files of Heartland Payment Systems between October 2006 and May 2008. Heartland processes debit and credit card payment for over a quarter of a million businesses. Some of the breaches occurred at 7-Eleven and Hannaford Brothers and at least 650 financial institutions were affected.