Tag Archives: googl

Google Releases Payments App, Mounts Pressure On Apple, PayPal

Google announced a pilot  app program Wednesday that aims to make it more seamless to use its Android Pay payments app. The new app, called Hands Free, will remove the need to use a smartphone at checkout, when shopping at merchants participating in the pilot — which for now is limited to a southern portion of the San Francisco Bay Area. With Hands Free, shoppers at checkout tell cashiers that they want to “pay with Google.” Checkout computers, equipped with the Android Pay app, then let cashiers call up a photo that the shopper already has uploaded to the app, to verify the shopper’s identity, and then complete the transaction. In select stores, Google is testing the use of in-store cameras to automatically confirm a shopper’s identity, based on the uploaded picture. Google is a subsidiary of Alphabet ( GOOGL ). The announcement signals Google’s growing interest in the crowded payments sectors . It’s a complex and competitive arena, with companies in the mix including  Apple ( AAPL ) with Apple Pay;  PayPal ( PYPL ) which recently split off from eBay ( EBAY ); and recent  IPO  Square ( SQ ). If Hands Free indeed signals that Google plans to aggressively tackle online payments, it could spell trouble for PayPal, according to Alex Rampell, a general partner at the noted venture capital firm Andreessen Horowitz. PayPal executives stick to their message that the San Jose, Calif.-based company is well-positioned, in part because unlike Google or Apple, it’s platform agnostic. For example, PayPal processes many of the transactions conducted over Apple Pay. On Monday, San Francisco-based Square announced that it was adding the ability to store money on its Square Cash app, adding a feature already offered by PayPal and PayPal subsidiary Venmo. Venmo and Square Cash are peer-to-peer payments apps that are popular with millennials, which use them for things such as sharing the cost of a cab fare or meal. At least one analyst says  Venmo stacks up well against rivals such as Google and Apple. Amazon.com ( AMZN ) is also in the payments business — and that’s the reason, according to industry watchers, that Amazon shoppers will not be able to pay with PayPal at any time in the near future. When PayPal spun off from eBay, executives said at the time that one advantage was the new business opportunities it couldn’t get while attached to eBay.

This Could Signal Apple’s Car Ambitions Are Moving Forward

Loading the player… Apple ’s ( AAPL ) car ambitions look to be moving forward. The tech titan apparently is “significantly ramping” its electric-car project, which could one day compete with the likes of Tesla Motors ( TSLA ), Alphabet ( GOOGL )-owned Google, China’s Baidu ( BIDU ) and even General Motors ( GM ). Apple has leased a 96,000-square-foot facility in Silicon Valley’s Sunnyvale, according to multiple reports, with some speculating that the company is using the space for its “Project Titan” car project. Meanwhile, Fiat Chrysler ( FCAU ) CEO Sergio Marchionne said at the Geneva International Motor Show today that his company would be well-suited to partner with Apple in building the tech company’s electric car. Apple has recruited a large number of auto experts, with specializations ranging from batteries to autonomous driving, but it has yet to publicly confirm any of its plans. Because of that, we still have no idea what an Apple car would look like. Some industry experts say there’s no question that Apple will build a car . The rumored ship-date target is 2019. Earlier this month, Apple received a car-related patent for a mobile device sensor to “determine when the user is in a vehicle that is driving.” But Apple could be hitting roadblocks. In January, reports said that Steve Zadesky, who has led Apple’s e-car efforts, was stepping down . Apple closed up 0.2% to 100.75 in below-average volume on the stock market today . Shares are holding above their 50-day line after retaking that level yesterday, and tested support at the 100 price level. Alphabet dropped below its 50-day line in intraday trade, after climbing above that area in Tuesday’s session, and closed right at that level with a 0.4% loss. Baidu looked for support at its 200-day line, falling 1.8%. And GM, nearing its 50-day line, rose 0.5%.

Apple-FBI Encryption Battle, Facebook Arrest Flash At RSA

SAN FRANCISCO — Apple’s ( AAPL ) encryption battle with the FBI flashed again Wednesday as Silicon Valley bigwigs largely sided with the iPhone-maker during the RSA Conference in San Francisco, Calif., saying the policies of their companies also wouldn’t allow for government backdoor access. The debate at the big annual security event also followed the arrest Tuesday of Diego Dzodan, a Facebook ( FB ) exec in Brazil, who refused to decrypt WhatsApp communications in compliance with a government order. Dzodan’s arrest was yet another flash point in the ongoing battle. Wednesday, a Brazilian judge ordered police to set Dzodan free. At an RSA panel discussion Wednesday Michelle Dennedy,  Cisco Systems’ ( CSCO ) chief privacy officer, said the network gear giant, per policy, wouldn’t provide the government backdoor access to encrypted communications. Silicon Valley companies such as  Alphabet ( GOOGL ), Facebook and Microsoft ( MSFT ) also have sided with Apple. Congress has yet to legislate backdoors, and outdated telecom laws don’t tackle the now-hot topic. The Paris terror attacks and a mass shooting in San Bernardino, Calif., have reignited the issue on Capitol Hill, where legislators are weighing privacy concerns against law enforcement needs. In the latter case, the FBI ordered Apple to decrypt the iPhone belonging to one of the two San Bernardino shooters. Apple is fighting the order. Cisco’s policy would put it in the same hot waters, Dennedy said. “We do not intentionally build in backdoors, and we do not do business with others who do,” she said. “That is our policy.” Dennedy’s position was echoed throughout the discussion, entitled “Can Government, Encryption, Backdoor and Privacy Co-Exist?” Backdoor access can act as a master key to all encrypted communications within a system. Apple’s engineers haven’t created that key, Apple CEO Tim Cook says. Juniper Networks Saw A Backdoor Exploited Intentional or not, backdoor access will backfire, Johns Hopkins University associate professor Matthew Green argued Wednesday. In December, Juniper Networks ( JNPR ) discovered unauthorized code running on an operating system backing their firewalls that let hackers decrypt VPN-protected communications, Green said. Experts have speculated a National Security Agency random-number generator, employed by Juniper, was to blame for the exploited backdoor. “This is the danger with backdoors,” Green said. “Juniper was protecting the Department of Defense and could not keep people from monitoring their code.” Richard Marshall, CEO of Secure Exchange Technology Innovations, says companies need to concentrate on existing vulnerabilities within their systems. “You don’t need a designed vulnerability (such as with a backdoor) when there are so many other vulnerabilities being exploited on a day-to-day basis,” he said. “It’s so much easier for those adversaries to break into our systems and violate our privacy.” But the panelists didn’t side entirely with Apple. Marshall argued that U.S., and other, consumers have accepted the idea of reduced privacy. Chenxi Wang, chief security officer for Twistlock and the panel’s moderator, noted Apple pushed a U2 album out to millions of phones but won’t hand over the keys for government access. “Is this a double standard?” she asked. “This is beyond a double standard,” Marshall said. “This goes to the actual user and their reduced expectation of privacy. It’s a dangerous, slippery slope.” Dennedy, on the other hand, argued that the young-adult millennial generation is “crying” for privacy. Everything from their individualized clothing to the use of Snapchat messaging says as much. And therein lies the opportunity, she said. “People are trusting their commerce, their culture, their families and their communities to us (as corporations),” she said. “We have an ethical obligation to build privacy into their systems.” Her advice for companies? “Educate your users about what they are getting into rather than assuming, because they’ve fallen for your monopolistic practices, that they like it.” Image provided by Shutterstock .