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The Wall Street Journal: Apple Pay stung by low-tech fraudsters

2015-03-06 04:29:55| Grocery - Topix.net

Those Apple products have a higher resale value than most of those available through other merchants that have signed on to the Apple Pay system, such as Whole Foods Market Inc. The Apple Pay system itself hasn't been penetrated by hackers. Rather, fraudsters are entering stolen card data into phones, which can then be used to make purchases without a physical card being present.

Tags: street pay journal wall

Arrium the latest Australian miner to be stung by take-or-pay rail contracts

2015-02-15 16:36:38| Real Estate - Topix.net

Arrium Ltd will continue to pay for rail access long after it shuts a group of loss-making mines in South Australia, in the latest example of Australian miners being stung by "take-or-pay" rail contracts. Arrium recently confirmed it would close its Southern Iron mines near Coober Pedy in the first half of 2015, on the back of steep declines in iron ore prices that have rendered the assets unviable.

Tags: latest australian contracts rail

Stung last year, retailers retool for holidays

2014-11-03 15:56:48| Trucking - Topix.net

This year, Santa's reindeer will be huffing and puffing their way from the North Pole, carrying more than they usually do. Americans are expected to buy a record $89 billion worth of gifts online this holiday season, according to a new report from Forrester Research.

Tags: year holidays retailers stung