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Submission + - Apple files patent for digital wallet and virtual currency (venturebeat.com)

another random user writes: Apple has applied for a patent on a combined virtual currency and digital wallet technology that would allow you to store money in the cloud, make payments with your iPhone, and maybe communicate with point-of-sale terminals via NFC.


The patent application, published today by the U.S. Patent and Trademark Organization, details how iPhone users could walk into a store, pay for goods with their phone, and walk out with their merchandise.


Though Apple is late to the virtual wallet game, that doesn't seem to stop them trying to patent the process. There does not appear to be anything in the patent application which describes something that can't already be done.

Comment Re:Good - Walmart and Amazon (Score 1) 407

Here's an article on how Walmart is dealing with Amazon: http://finance.yahoo.com/news/why-wal-mart-is-worried-about-amazon.html "The company has spent more than $300 million acquiring five tech firms since May and hired more than 300 engineers and code writers in the U.S. and India. Wal-Mart is also launching a program to allow the 20 percent of its customers without credit cards or bank accounts to make online purchases. Wal-Mart’s acquisitions include Kosmix, a social-media firm, and iPhone app creator Small Society. The company hopes the newcomers can find a way to stop shoppers from engaging in scan and scram. That’s when would-be customers use their smartphones in stores to scan an item’s bar code and then buy it online from a rival merchant."

Comment Geology (Score 1) 383

Job prospects for people with a B.S. in geology are outstanding right now. Either in the environmental side, or the water resources side (water quality or quantity), or in the mineral exploration side, you'll have many opportunities. A M.S. gives you a leg up, but even undergraduates who haven't completed their degrees are being recruited. Skills in GIS (ArcINFO and the like) are also valuable.

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