Financial IT

Financial IT news, trends, analysis and practical advice

credit card quantum security
Q&A

Fidelity's top IT exec sees potential in A.I.

For several years, Stephen Neff, enterprise CTO at Fidelity Investments, has been focusing on the cloud, social tools and mobile. Now he's turning his attention to emerging technologies such as artificial intelligence, gamification...


mobile payments homnick

Major banks prep their own mobile payment apps

Several major national and international banks are planning to launch their own mobile payments apps in 2015.

apple pay

Here's why Rite Aid and CVS turned off Apple Pay

Recent moves by the drugstore chains to stop taking mobile payments from Apple Pay and other NFC-enabled systems are part of a heated battle between retailers and credit card companies,

apple pay 2

Some BofA customers double-charged with Apple Pay

Some Bank of America customers have been double-charged for purchases made with Apple Pay, the payment system Apple launched on Monday.

appleibm primary

First products from Apple-IBM deal to come next month

The first products from Apple's mobile enterprise partnership with IBM will roll out next month, according to Apple CEO Tim Cook, who said the partnership "could change the way people work."

Obama orders chip-and-PIN for government credit cards

President Barack Obama issued an executive order Friday to have secure chip-and-PIN technology embedded in government-issued credit and debit cards as part of an effort to stem payment data breaches.

mastercard payment card

MasterCard demos a prototype contactless card with a fingerprint sensor

MasterCard is testing a contactless payment card with a built-in fingerprint reader that can authorize high-value payments without requiring the user to enter a PIN.

There really IS such a thing as too much choice

It's 1985, and this programmer pilot fish is asked to work on a pioneering banking software project -- one that uses PCs, complete with a graphical user interface for generating reports. And therein lies a problem.

computer hacking hacker thief white collar crime stealing keyboard hand shadow 000001325773

Russian cybercrime group compromised half a million computers

A mistake by a suspected Russian-speaking cybercriminal group let a security vendor peep on a campaign that stole login credentials for hundreds of thousands of online bank accounts.

financial figures magnifying glass tax finance report financial figures bank statement 000001825418

Data leak releases account information from bond insurer MBIA

A data leak from the Municipal Bond Insurance Association has exposed a large amount of customer information including account numbers, balances and account holder names, according to the blog KrebsOnSecurity.

ATM machine

Criminals used malware program to steal millions from ATMs

Criminals have stolen millions of dollars from ATMs worldwide using a specialized malware program that forces the machines to dispense cash on command.

JPMorgan Chase attackers hit other banks

Several financial institutions were hit by the same group that launched this summer's cyberattack on JPMorgan Chase, according to the New York Times.

data breach thinkstock

JPMorgan Chase says breach affected 83M customers

JP Morgan Chase said 76 million households and seven million small businesses were compromised in a cyberattack.

Shellshock flaw poses risks to payments industry

The Shellshock flaw could pose a risk to the payments industry, but doesn't appear to have caused any problems yet, an official with a consortium run by major credit card companies warned Tuesday.

wells fargo avast screenshot

'Tiny banker' malware targets US financial institutions

A banking trojan, known for its small size but powerful capabilities, has expanded the number of financial institutions from which it can collect data, according to security vendor Avast.

exec collaboration thinkstock

Grant Thornton connects workforce with cloud collaboration tools

Will create online tool for up to 39,000 staff

why mobile payments pros are drinking apple pay kool aid

Why mobile payments people are drinking Apple Pay Kool Aid…

The financial tech sector seems incredibly excited at the potential of Apple Pay. This is what some players in that sector are saying about Apple's new mobile payment system.

Why we love customers (and sales VPs, too)

It's the late 1980s, and this pilot fish has a project to install some new servers for a rapidly expanding bank. "Because the bank bought these servers with financing through my employer, it was also my job to get the customer to...

Tennessee firm blames bank for $193K cybertheft

A lawsuit filed in Tennessee earlier this month has resurfaced questions about a bank's responsibility in protecting customers against cyberheists.

Load More