Financial IT

Financial IT news, trends, analysis and practical advice

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oberthur credit card security

E-paper display gives payment cards a changing security code

By embedding an e-paper display in the back of credit and debit cards, payment specialist Oberthur Technologies hopes to make online fraud a lot more difficult. An upcoming test in France will show if the underlying technology can cut...

Russian cybergroup eyes bank attacks

A group of Russian hackers known for targeting military, government and media organizations is now preparing to attack banks in the U.S. and elsewhere.

bloomberg terminal

Bloomberg blames 'faulty hardware' for data terminal outage

Bloomberg blamed a "combination of hardware and software failures" for a two-hour outage affecting users of its popular data and messaging terminals.

apple watch apple pay

Canadian banks play hardball with Apple Pay moving north

Apple Pay is poised to cross the border into Canada this fall, but some Canadian banks are reportedly concerned that Apple wants a bigger cut of each transaction than it takes in the U.S.

Q&A

GE Capital's Karen Blackie manages a follow-the-sun operating model

Karen Blackie, vice president of enterprise systems and data at GE Capital, oversees a team of 180 people in nine countries who handle design, development and operations of enterprisewide applications in a true follow-the-sun...

NCR's new Cx110 thin-client ATM

ATMs are about to get a cloud makeover

ATMs have been around for decades, but surprisingly few changes have been made to the technologies they use. That's about to change.

bitcoin on keyboard

Bitcoin Foundation hit by big bitcoin losses

The Bitcoin Foundation, formed in 2012 to promote the virtual currency, has rejected claims by a board member that it's bankrupt but has acknowledged significant financial problems -- ironically as a result of a big drop in the value...

bitcoinage

Bitcoin Foundation said to be out of cash

The Bitcoin Foundation, an organization that promotes development of bitcoin, is "effectively bankrupt" and has shed most of its staff, a member of the foundation's board of directors has said.

cisco security malware 625x416

Enterprise bank accounts targeted in new malware attack

IBM has identified a new targeted attack, called Dyre Wolf, that has already bilked organizations of untold sums of money

tech catastrophes

Tech apocalypse! 9 doomsday scenarios

Far-reaching fallout awaits us at the littlest hack or glitch, thanks to our increasing reliance on hyperadvanced computing and vast communication networks.

emv chip and pin

Switch to new chip card stirs up e-payments industry

A behind-the-scenes switch in the payments industry coming in October will change the way U.S. consumers shop and could bring wider acceptance for Apple Pay and its competitors.

bitcoinage

Silk Road investigators charged with stealing bitcoin

Two former U.S. government agents face charges related to stealing hundreds of thousands of dollars worth of bitcoin while assisting with an investigation of the Silk Road underground online marketplace, with one accused of using a...

gmailicon greenbot

Google said to prep billing payment service for Gmail

Google reportedly is creating a service to let people pay their bills from their Gmail accounts.

point of sale credit card reader

New malware program PoSeidon targets point-of-sale systems

Retailers beware: A new Trojan program targets point-of-sale (PoS) terminals, stealing payment card data that can then be abused by cybercriminals.

121114 bitcoin

One year later, we're no closer to finding MtGox's missing millions

Few people marked the recent anniversary of one of the biggest catastrophes to hit bitcoin -- the day MtGox went bust.

mobile payment 03

Battle over mobile payments is raging

Mobile in-store payments could grow dramatically in the U.S. as a result of a battle brewing among tech giants Google, Samsung and Apple.

security cloud lock

Box woos financial services firms with a tailored cloud offering

It was just about two weeks ago that Box set out to remove a major barrier to the cloud for security-minded organizations with its Encryption Key Management capability. Now, it's taken that focus a step further with a full-fledged...

credit card fraud

Russian extradited to U.S. for hacks that stole 160M credit card numbers

A Russian man accused of high-profile cyberattacks on Nasdaq, Dow Jones, Heartland Payment Systems and 7-Eleven has been extradited to the U.S. and appeared in court in Newark, New Jersey, Tuesday. Vladimir Drinkman, 34, of...

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