links for 2010-02-23

  • "Trusted Access for Banking is actually a standard IronKey USB drive that runs a walled or 'hardened' Linux virtual environment inside the PC's OS. It comes complete with its own browser hardwired to access only a particular bank service, and incorporates RSA Secure ID tokens for authentication"
  • For businesses that depend on moving money, the distributed, lower-cost, easier-to-access future can’t come soon enough. Mitchell Wolfe, an ecommerce veteran who ran Compaq’s Canadian Internet sales team… has been wrestling with the payment industry for 15 years. “There’s friction all over the place,” he says.When he started bTrendie, a… site that sells clothes and gear for pregnant women and new mothers, he decided to do as much as possible through PayPal. Now he accepts payments from customers into the same PayPal account he uses to pay his vendors. The money flows instantly, bypassing direct contact with banks or credit cards. That means no charges for moving money internationally, no extra staffers, no long delays while he waits for transactions to process, and he can keep better track of his cash and data. For Wolfe, the old payment world is a vestigial appendage. “The less you have to deal directly with the banks and credit card companies,” he says, “the better off you are.”
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