John Lister's picture

Smartphones Could Replace Cards at ATMs

A British bank is testing ATMs that let customers take out money using their phone rather than a bank card. It says the technology could be safer than using a card because there's less room for hackers to steal details. Withdrawing money without a ... card isn't a completely new idea. One rival bank already allows users to get cash out using a smartphone app that generates a unique code that they can then type in to the phone to get money. The idea is to remove the need to carry a card, for example on a night out. The new system from Barclays would be even quicker to use however, and ... (view more)

Dennis Faas's picture

MIT Wins $40,000 'Balloon Hunt' Thanks to Internet

A government contest whereby participants were requested to spot ten weather balloons at once has been won by the Massachussetts Institute of Technology (MIT). But MIT took the prize thanks to the help of a network of ordinary Internet users ... recruited under an intricate cash reward system. The content was launched by the Defense Advanced Research Projects Agency (DARPA), the same group which developed a network commonly acknowledged as the forerunner of the Internet. The idea of the contest was to see how people would use online networking to solve a problem too big for any one individual. ... (view more)

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