The headlong rush into mobile banking continued on Thursday with Visa announcing two deals in this area. The payments company has bought Fundamo, a South African mobile software company for $110m. It has also signed a 5-year deal with Monitise, a UK company that helps verify mobile banking transactions.
The deals come after last month Google, Mastercard and Citigroup announced plans to launch a “mobile wallet” that could be used at a number of stores in the US. Read more
Google, Yahoo, Huawei and Deutsche Telekom are among the companies vying for a new batch of super-short UK domain names. Read more
Tech news from around the web:
Security group ViaForensics has found that apps from online companies such as Foursquare, Netflix, and LinkedIn are not adequately storing users’ personal information, PCMag reports. In its latest round of testing, ViaForensics found three unencrypted passwords on the Android versions of Foursquare, LinkedIn, and Netflix. Via Forensics warned in a blog post:
With cybercrime an ever increasing threat, these findings put consumers at much greater risk for identity or financial theft.
Deep sighs of relief all round. The internet did not break on Wednesday, after some of the world’s biggest websites tested a new numbering system. Read more