Well, we finally have a glimpse at "Square," the new mobile payments venture coming from Twitter co-founder and chairman Jack Dorsey. As expected, it’s a little hardware add-on that can turn an iPhone into a credit card reader.

The funny part: Details about the small-business-oriented project have been on the Web for months. It was just that nobody had put two and two together until some eagle-eyed folks at Engadget realized that a URL on a screenshot of the "Square iPhone Payments Venture" first reported by Coolhunting matched a domain registered… Read the rest

Accessing your bank account using your mobile phone might seem safe, but security experts say would-be hackers can access confidential information via a simple text message seemingly from your service provider.

People in the industry aware of the risk see it as extremely small, as only a few people use handsets to access their bank accounts, but it is growing as mobile Internet usage rises.

In April, the flaw — which enables criminals to access a cell phone data connection, steal data or install or remove programs — gained wider attention at the BlackHat Europe security… Read the rest