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The Obama administration urged the private sector Friday to develop methods that consumers can use instead of passwords to identify themselves online and, in some cases, in brick and mortar stores.
“The Internet has transformed how we communicate and do business,” said President Barack Obama in a statement accompanying release of a national strategy to safeguard identity on the Internet. Get the full story »
Visa put out a news release Wednesday morning muddled with the usual financial jibberish: “Visa Moves Beyond the Point-of-Sale,” the headline read. But what Visa is proposing is a potential serious rival for PayPal.
Visa said it will soon allow people to send money to each other using Visa credit or debit cards or pre-paid accounts. So next time you need to pay the babysitter, the checkbook can stay in your wallet. Get the full story »
The online payment service PayPal wants to make it easier to buy low-cost digital goods online, whether it’s a single article on a news website or virtual items in a video game. Scott Thompson, PayPal’s president, said Thursday that the service plans to roll out a payment product by the end of the year that helps businesses collect “micropayments” on the Web.
