Quantcast StorefrontBacktalk » Blog Archive » A Move To Bypass Carriers For Mobile Payment
advertisement
advertisement

A Move To Bypass Carriers For Mobile Payment

Written by Evan Schuman
January 9th, 2009
Like this story? Share it
To share this story with people in your social network, please click on the network icons below.

As mobile payments try to pick up steam in the United States—an economy that today can be described as remarkably steam-free—retailers are mixed about whether mobile payments are indeed viable. But one vendor is trying a new tactic: bypassing telecom carriers by directly using Bluetooth for transactions.

A nice piece in the American Banker details the ways that Bluetooth could be easier to deploy than near field communication (NFC). Much of the problem in the United States is financial and working out compensation plans that please telecom carriers, phone manufacturers, credit card companies and retailers. Getting even two of those groups to cooperate is difficult enough.


advertisement

Leave a Reply

Newsletter

Quickly catch-up on the latest in E-Commerce and Retail Tech with our free weekly newsletter, with urgent bulletins as news merits.
advertisement

Most Recent Comments

Kill All The Passwords

This article does mention, but does not give enough attention to, the fact that the attacks discussed are only feasible when the encrypted password file can be copied and subjected to an offline attack. The trick is to have authentication performed on a separate, much more strongly secured host - such as an Active Directory Domain Controller, or a Kerberos server, or a NIS+ server, or even using something as banal as an LDAP-over-SSL authentication dialog. In these environments, the odds of the "password file" being stolen and subjected to an offline attack go to near zero, and only online attacks may be carried out by the attacker. With sensible exponential backoff between failed password attempts, lockout after a modest number of failed attempts on a single account, and pattern detection, that minimum 7 character password is quite secure enough. Passwords aren't dead yet for security purposes, and they will be with us for a very long while to come for practical purposes. The trick is to employ them correctly. Read more...
The possibilities you describe are years away from being implemented at best, so for the moment passwords are an ugly reality. Luckily, password managers can easily manage hundreds of passwords of any length. The only thing a user needs to remember is the master password. It seems like an easier task to educate users on how to use password managers rather than implement complex security technology on a global basis. Read more...