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CVS Debuts CVS Pay
August 24, 2016 by admin
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CVS has rolled out its CVS Pay program that exists inside its mobile app. It allows customers to pay in store for prescriptions by scanning a barcode at the register.
Payments will be backed by a customer’s credit or debit card, the company said.
CVS Pay is currently available in New York, New Jersey, Pennsylvania and Delaware; a nationwide rollout at all 9,600 stores is expected to kick off later this year.
CVS doesn’t support Apple Pay or other NFC-based payment technologies, and its use of barcodes for payments is reminiscent of the way Starbucks customers pay for coffee. Working with the barcode technology was a faster way for CVS to bring forward technology for more convenient in-store payments, analysts said.
Other retailers have created in-store payments through their own apps. Walmart created Walmart Pay in December to allow payments through mobile device QR codes that can be read at checkout registers.
“There’s nothing really innovative here with CVS Pay,” said Gartner analyst Avivah Litan on Friday. “They are pretty much following the trend. It’s just mobile commerce with a credit card attached. It’s no big deal to put a credit card in a wallet.”
At one point, CVS was working with Walmart and dozens of other major retailers in the Merchant Customer Exchange, which was designed to process mobile payments electronically through bank accounts and not credit cards to cut out the card processing cost that merchants paid to banks. But MCX ended its pilot of its mobile app, CurrentC, in June. Analysts have predicted the concept will not continue.
Source-http://www.thegurureview.net/mobile-category/cvs-debuts-cvs-pay.html
Apple Faces Another Lawsuit
April 30, 2012 by admin
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Apple devices using touch technology infringe on a patent owned by the Pennsylvanian company FlatWorld Interactives, the company stated in court documents filed on last Friday. FlatWorld asked for a permanent injunction that Apple stop infringing, and for sufficient compensation for the infringements, the company’s attorneys said.
The Pennsylvanian designer of touchscreen systems for use in museum displays alleged that Apple knowingly infringed on its patent, according to documents filed with the U.S. District Court for the Northern District of California said. The infringing products are said to include the iPhone, iPad, iPod Touch, MacBook Pro, MacBook Air, Magic Mouse and Magic Trackpad.
FlatWorld said Apple’s infringement has been on a massive scale and has caused it irreparable harm. The company demanded a permanent injunction enjoining Apple from continued infringement plus an unspecified amount of damages to compensate for Apple’s infringement. The company is seeking a jury trial.
FlatWorld was founded in January 2007 by Slavko Milekic, a professor in cognitive science and digital design at the University of the Arts in Pennsylvania, in order to commercialize his touch screen patent, the filing said.
Milekic filed a provisional patent application on August 28, 1997, claiming priority from that date in his definitive patent application, according to the court documents. He applied for his patent on June 12, 1998 and was granted it as U.S. patent 6,920,619 on July 19 2005, according to the U.S. Patent and Trademark Office.
Microsoft Seizes Botnet Servers
Microsoft Corp scored a win in efforts to fight online banking fraud, saying it had seized several servers used to steal login names and passwords, disrupting some of the world’s most sophisticated cybercrime rings.
The software giant said on Monday that its cybercrime investigation group also took legal and technical actions to fight notorious criminals who infect computers with a prevalent malicious software known as Zeus.
By recruiting computers into networks called botnets, Zeus logs the online activity of infected machines, providing criminals with credentials to access financial accounts.
“We’ve disrupted a critical source of money-making for digital fraudsters and cyber thieves, while gaining important information to help identify those responsible and better protect victims,” said Richard Boscovich, senior attorney for the Microsoft Digital Crimes Unit, which handled the investigation in collaboration with the financial industry.
Microsoft’s Digital Crimes Unit is worldwide team of investigators, lawyers, analysts and other specialists who fight cybercrime. A year ago they helped U.S. authorities take down a botnet known as Rustock that had been one of the biggest producers of spam e-mail. Some security experts estimated that in its heyday Rustock was responsible for half the spam in junk email bins.
States Subpoena Sprint
July 16, 2011 by admin
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Sprint Nextel has been subpoenaed by nine states in connection with antitrust reviews of AT&T’s proposed $39 billion purchase of T-Mobile USA, according to information Sprint posted on the Federal Communications Commission (FCC) website.
In a letter dated June 28 to FCC, Sprint said it had received subpoenas and civil investigation demands from attorneys general in the states of Arizona, Florida, Hawaii, Illinois, Minnesota, New York, Pennsylvania, Texas and Washington, as well as from the Antitrust Division of the U.S. Department of Justice.
Sprint, the No.3 U.S. mobile service, is opposing AT&T’s proposed $39 billion purchase of No.4 U.S. mobile service T-Mobile USA, a Deutsche Telekom AG unit, on the grounds it will give too much competitive power to one company.
Sprint said in its letter that the states have asked the company to provide all the materials it had submitted to FCC regarding AT&T’s deal.
Meanwhile, an AT&T spokesman told Bloomberg that his company had also received subpoenas from the same nine states regarding its proposed T-Mobile transaction.