Technology

The three bitcoin wallets that are linked to the WannaCry malware, which hit hundreds of thousands of networks using Microsoft Corp.’s operating system in 150 countries, were emptied out Thursday morning, analysts have confirmed.

The bank agreed to pay $4.6 million to settle charges it didn't tell consumers why their checking account applications were rejected; Winklevoss brothers to supply bitcoin data to Chicago exchange.

Shopping and paying for goods with a smartphone or tablet has been a staple of modern consumerism for years, but mobile wallet adoption is just at its early stages, writes Lisa Stanton, president of InAuth.

Enticements such as rewards, loyalty points and coupons seldom face pushback as a marketing concept, but there's been recent concern that these programs are devouring potential revenue from consumers who would be willing to pay full price.

Not long ago, self-checkout lanes were seen as an encroachment on traditional retail sales, depriving shoppers of the personal touch that comes with interacting with a cashier. Today, this model is under attack from mobile devices, which are both more high-tech and more personal.

Indonesian online payments company KinerjaPay has opened a gift card center enabling consumers to purchase gift cards with bitcoin from major U.S. merchants including Amazon, Starbucks and Barnes & Noble.

Customers can ask Amazon’s virtual assistant about account balances, spending habits and financial questions that they may be too embarrassed to ask a human.

Toronto-based Glance Technologies has introduced a new version of its Glance Pay mobile payments app that uses micro-location sensing technologies along with image recognition, an approach it says is easier for merchants to adopt than QR codes.

In recent years, companies have aggressively reinvented the card-reading dongle to fit their brands and absorb new technologies like EMV and NFC. But few have succeeded in doing away with the dongle entirely.

As a large furniture retailer in South Florida, City Furniture had to decide whether to move quickly to upgrade terminals and avoid the October 2015 EMV chip card liability shift, or stay on track with a process it was already engaged in for a mobile point of sale system in its showrooms.