New iPhone credit card payment service SquareUp has finally been unveiled, and we’ve gotta say, it’s got our attention. The brainchild of Twitter co-founder Jack Dorsey, SquareUp aims to be a simple, sleek, inexpensive, and charitable credit card payment processing service. It works on the iPhone and iPod touch, in conjunction with a credit card reader that plugs in to the audio jack. You get payer verification, receipts that can be sent via email or text message, and receipt signing using your finger. Even cooler, in our opinion, is that Square will donate one penny of every transaction to a charity of the seller’s choice.
If Square plays their cards right, they will be a force to reckon with in the small business arena. The service is in limited beta right now, but Square says it’ll be fully open in 2010. We’ll see if we can’t get a beta account to give you a better look at how it all works.
Read More | SquareUp
After a two-day “cyberwar” simulation, it was determined that the U.S. isn’t properly prepared. With a participation of 230 government reps, security agents, civil groups and private companies, the exercise resulted in errors in planning, leadership and communications. If such an incident occurred, there could be a banking or electric system failure. Mark Gerencser, of the Booz Allen Hamilton consulting service which ran the simulation, claimed that, “There isn’t really anybody in charge.” How comforting.
Read More | Courier Mail
Want some Taco McNuggets and a cab ride but don’t have the cash? If you live in Mexico, you will soon be able to pay with your cell phone. Users link to their bank, then send the text message “Robert Rodriguez” to take care of the tab. Telefonica SA and Iusacell are getting together with banks to begin the service. While the practice of buying train tickets or items from vending machines with a cellie is already available in Japan, it seems that the U.S. has yet to get with the program (hint, hint.)
Read More | Reuters
Need some help with your finances and find that your old system is outdated or to complicated? Try Mint, the free online finance wizard that can take all your checking, savings, and credit card accounts and keep track of what your are spending, create a budget, and let you know if you are overdrawn or have upcoming bills. It also tells you if your APRs are too high and will help you to find a better card. If you are not sure that Mint is safe to use, check out their security features.
Read More | Mint
It’s never too early to train the kidlets to use the ATM. The Zillionz Touch Screen ATM Bank keeps track of deposits and withdrawals, and recognizes both coins and bills as well as your budding Trump’s personal access card. At a size of 8.5 x 5.5 x 13.5-inches, it requires 4 “AA” included batteries, and carries a MSRP of $69.99 at etoys. Play your cards right and your kids could be doing all your banking for you.
Read More | Red Ferret