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+ - In Thirty Days, Payments Innovation Will Stop->

Submitted by
ThinkComp
ThinkComp writes "A new California law, which affects all companies doing business in California and not just ones headquartered there, requires payments companies that store value to effectively raise almost $2 million dollars before they are even eligible to receive a license. The law goes into effect July 1."
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+ - Mobile Payment App Uses Your Face To Fight Fraud->

Submitted by ThinkComp
ThinkComp (514335) writes "The FaceCash mobile app uses barcode technology to complete transactions at participating retailers. What makes the app different from others is that merchants verify the user's identity with a digital image of a face linked to a FaceCash account. Doctor's Associates Inc., parent of the Subway restaurant chain, announced Nov. 12 FaceCash will be accepted at certain California locations."
Link to Original Source
Iphone

+ - FaceCash App Turns Phones Into Wallets->

Submitted by Anonymous Coward
An anonymous reader writes "The company run by Aaron Greenspan (who developed the initial "Universal Face Book" at Harvard College in 2003) has released FaceCash, a mobile payment system that uses the customer's face, instead of signature, as the primary authentication token in point of sale transactions. The system circumvents the traditional credit card interchange to offer merchants lower fees and uses one-dimensional barcodes and traditional barcode scanners. It works with iPhone/iPad/iPod Touch, Android, and BlackBerry smartphones, legacy phones with web access, or printed cards (provided during sign up). Currently the only merchants supporting FaceCash are located in Palo Alto, California."
Link to Original Source
Businesses

+ - Healthcare IT Hurting at Kaiser Permanente

Submitted by
Justen
Justen writes "The front page of this morning's Los Angeles Times has a story investigating the disaster of HealthConnect, "Kaiser Permanente's $4-billion effort to computerize the medical records of its 8.6 million members." The system "has encountered repeated technical problems, leading to potentially dangerous incidents... At times, doctors and medical staff at the nation's largest nonprofit health maintenance organization haven't had access to crucial patient information, and system outages have led to delays in emergency room care... Other problems have included malfunctioning bedside scanners meant to ensure that patients receive the correct medication... A 772-page problem report covering Feb. 27 through Nov. 5 of last year showed nearly two dozen reported instances in which Health Connect's unreliability may have risked patient safety." Amidst all the problems, "Kaiser recently demanded...a rate cut from its technology vendors, and some IT employees [were forced] took as long as a week off without pay." Says one former IT manager: "This is the worst [technology] project I have seen in my 25 years in the business.""
Graphics

+ - Flash: The End of Adobe [Acrobat] Reader?

Submitted by
ThinkComp
ThinkComp writes "As hatred for Adobe Acrobat continues to grow, the fact remains that the Portable Document Format is a useful and nearly universal file format with few competitors in the same league. Meanwhile, the client software needed to use the format continues to expand in size and slow down, especially as a browser plug-in. In the interest of faster load times, fewer ads, and smaller file sizes, we've created a Flash-based PDF viewer that you can embed in web sites, including blogs. It's bare-bones, but given what YouTube's Flash-based player eventually did for on-line video, could this mean the beginning of the end for clunky software like Adobe [Acrobat] Reader 8.0?"
Businesses

+ - How to Get a Book Published, Internet-Style

Submitted by
ThinkComp
ThinkComp writes "My startup has made a web-based tool that makes it easier to reach literary agents. As anyone who's written a book manuscript knows, the process is incredibly painful, it takes forever, and traditionally, everything has to be done via U.S. Mail at considerable expense to the author. While some agents might want pages 1-50, others might only want Chapter 3. Almost a decade after the dot-com bubble, the publishing industry is finally getting a taste of what life can be like with the internet."

"No, no, I don't mind being called the smartest man in the world. I just wish it wasn't this one." -- Adrian Veidt/Ozymandias, WATCHMEN

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