The iPhone Dev Team also claimed to have developed a tool, ‘PwnageTool 2.0′, that will enable users to ‘jailbreak’, or run unofficial, third-party apps, on their iPhone 3G. In a blog post, the iPhone Dev Team posted a link to a video which they claim shows PwnageTool 2.0 in action.

“Many, many hours have gone into this and now it should be as easy enough for your grandmother to use,” an iPhone Dev Team member wrote in the blog post.

PwnageTool 2.0 has not yet been released due to tests aimed at making sure it is “glitch free”, the blog post stated.

A report in tech publication Gizmodo on Thursday claimed that not only had the iPhone 3G been jailbroken but that the iPhone Dev Team had managed to unlock the phone, enabling people to use any carrier. At the moment, people wishing to use the iPhone must use O2 in the UK and AT&T in the U.S.

However, a former member of the iPhone Dev Team, George Hotz, who is also known as ‘Geohot’, claimed in a blog post that the iPhone Dev Team had not managed to unlock the iPhone 3G.

Hotz argued that the iPhone 3G uses a different bootloader to other versions of the iPhone, and there are no existing exploits for the iPhone 3G bootloader.

PayPoint’s 22,000 retailers are poised to benefit from the latest prepaid card to be launched into the UK’s mobile banking market as demand for mobile banking services grows.

Mobile network operator O2 announced on 15 July that it has teamed up with high street bank NatWest to offer the Load & Go prepaid card through its new O2 Money business.

Load & Go, which is aimed at young people who want the security of using a card rather than carrying cash on them, will be available from late August, and is one of the first in a planned line of financial products which will be offered to O2′s customers.

O2 says the prepaid card will help people manage their money as they would be free and people could not go overdrawn on them or incur interest charges.

The Load & Go card is available to O2 customers only and can be loaded at all PayPoint outlets and O2 stores across the country.

“With our constant focus firmly on driving additional footfall and profits for our retailers, we always welcome innovative new products that achieve these aims,” said Mike Igoe, Retail Strategy Director at PayPoint. “It is clear from our research that customers consistently spend more when they are paying bills or topping up mobile and prepaid products. With its low costs to users and younger profile, the Load & Go card will attract more customers into our retailers’ stores with more money to spend.”