<![CDATA[Gizmodo: citibank]]> http://tags.gizmodo.com/assets/base/img/thumbs140x140/gizmodo.com.png <![CDATA[Gizmodo: citibank]]> http://gizmodo.com/tag/citibank http://gizmodo.com/tag/citibank <![CDATA[Obama Tells Citigroup To Abandon Plans For a $50 Million Tricked Out Corporate Jet]]> If you ever wondered why our banks are failing, the answer, my friends, is greed. Greed that President Obama is trying to put an end to—starting with Citigroup's plans for a $50 million jet.

Apparently, they felt that their $45 billion dollars of bailout money entitled them to a luxurious corporate jet that features "plush interior with leather seats, sofas and a customizable entertainment center." The French-made Dassault Falcon 7X also has an impressive range of 5,950 nautical miles—meaning that it can fly as far East as Saudi Arabia and as far West as Russia.

After learning of their plans to go ahead with the purchase, Obama's officials told Citigroup execs simply to "fix it." Ohhh, man that feels good. Like a satisfying smackdown that all taxpayers can revel in. [Huffington Post via Digg]

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<![CDATA[3G iPhone Rumor of the Day (Citibank Edition)]]> Citibank is claiming that we'll see a 3G iPhone in the US within 6 months. They argue that:
1. Apple's iPhone inventory is low
2. Europe wants a 3G iPhone

But at the same time, many are pointing out that a 3G iPhone may never come to the US, and instead AT&T would offer iPhone users a piece of their sweet 700mHz cake for Wi-Fi anywhere. Boy oh boy. Isn't all this speculation fun? [macworld via crunchgear]

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<![CDATA[Nokia, Cingular Team for Pay-by-Phone Service in NYC]]> Nokia, Cingular, Citibank and Mastercard have all gathered around in a festive orgy to begin offering a trial pay-by-phone service in the NYC area. The cellphones will use the NFC (near field communications) credit card/cellphones and the already in-place Mastercard PayPass system. Folks will be able to walk up to a PayPass device, tap the phone and automatically be deducted the amount for whatever is purchased.

Worried about hackers? You should be. This doesn't sound safe at all. If you are already a Cingular subscriber and Citibank account holder you can sign up for the trial service here.

NYC Mobile Trial [Via Gearlog]

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<![CDATA[Citibank Releases Biometric Finger Scanning Payment System]]> Citibank has developed a system of payment that uses a person's fingerprint as the conduit of sale. Over in the high-tech wonderland of Singapore, Citibank is releasing the biometric scanners at places where people's time is "more valuable," like train stations, coffee shops, etc. Right now, the biometric scanner is tied into a specific type of credit card (the Clear Platinum, popular with tech-hungy kids), but the banking giant plans to make the system available for other cards as well.

This isn't the first time that Citibank has embraced new technology for its customers. A few months ago, they started to release RFID credit cards. I for one can't wait until they start scanning our eyes whenever we want to purchase some soda pop.

Citibank Singapore debuts biometric fingerprint payment system [Digital World Tokyo]

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<![CDATA[Citibank Releases RFID Credit Cards]]> People who claim RFID marks the end of the world should probably step aside for a moment now that Citibank is starting to release credit cards that use the radio technology. The MasterCard PayPass looks like a ordinary keychain, but the embedded RFID chip replaces the traditional magnetic strip found on regular credit cards. Once waved in front of a PayPass reader, the user's credit card is automatically charged. Considering such readers aren't very common yet, the RFID credit card is still some time away from replacing your precious piece of plastic.

Many have gone to great lengths to protect themselves from the tentacle-like reach of RFID technology because they're crazy concerned about the risks that the technology brings. A big overreaction, or justified paranoia?

How I Learned to Stop Worrying and Love My RFID Credit Card [Gearlog via Popgadget]

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