Financial IT

Financial IT news, trends, analysis and practical advice

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spying eye

IBM looks to tackle fraud with Iris Analytics buy

No, this isn't about using Watson AI systems to identify fraudsters by gazing deep into their eyes: IBM has acquired a German machine learning software firm called Iris Analytics to bolster its antifraud software.

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Bloomberg extends iPad Pro’s enterprise appeal

The company has unveiled the Bloomberg Professional app for use with the iPad Pro.

Citibank credit card with an EMV chip

Pressure increases on banks to adopt chip-and-PIN

The biggest financial institutions in the U.S. are under renewed pressure to mandate the use of PINs with new chip-based payment cards.

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Apple's P2P mobile payment service would 'create a shockwave' in the industry

If Apple creates a mobile person-to-person payment service as recently reported, it could rock the banking and payments world as never before, some analysts believe.

apple pay to change the world

Apple Pay: Apple's secret weapon for emerging economies

Person-to-person Apple Pay payments will widen Apple’s appeal in emerging economies

social security card

A tale of two women: same birthday, same Social Security number, same big-data mess

Two Florida women were born on the same day in the same state and given almost the same name. Though no one realized it at the time, it turns out they were also given the same Social Security number.

Chase EMV United card

Chase's tweet backing PIN credit cards was a mistake, bank says

JP Morgan Chase Bank tweeted in error that its chip credit cards would be getting PIN security, a bank spokesman confirmed.

credit cards

House panel hears retailers' concerns about chip-and-signature cards

Three representatives of small businesses said at a U.S. House subcommittee hearing that new chip-embedded credit cards need to have added PIN security instead of the chip and signature favored by most banks and card companies.

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Feud heats up over chip cards, FBI warning

A National Retail Federation attorney said that an updated FBI warning on chip card vulnerabilities waters down the need for PIN security.

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US, UK disrupt Dridex botnet, which targeted online banking

A cybercriminal network that caused at least $10 million in losses has been disrupted by U.S. and U.K. law enforcement, with the U.S. seeking a Moldovan man's extradition, the Department of Justice said.

emv chip and pin

FBI takes down alert on chip credit cards after bankers complain

The FBI posted an online advisory about vulnerabilities with new chip-enabled credit cards, but then removed the message on Friday, less than a day later, following concerns from U.S. bankers that support chip cards.

Chase EMV United card

Chip-card rollout drama peaks day before deadline

Banks and credit-card companies claimed Wednesday that roughly half of U.S. consumers have received a new chip credit or debit card, while retailers continued to bemoan the chip card conversion process as too slow, too expensive and...

Citibank credit card with an EMV chip

Retail group rips chip-card conversion expense, pushes for PIN security

The top attorney for the powerful National Retail Federation blasted banks and credit card companies on Tuesday for problems and costs with the massive ongoing U.S. rollout of computer chip cards and chip card readers.

Chip and

Many retailers anxious facing Thursday's chip-card conversion deadline

The nation's retailers bear a huge share of the burden of converting to more secure chip card technology, even as banks have been shipping updated chip credit and debit cards to millions of customers for months.


New York issues first bitcoin license, brings consumer protection

New York State's financial regulator issued its first bitcoin license, bringing consumer protection, compliance and cybersecurity guidelines to what still is very much the wild west of the financial industry.

Citibank credit card with an EMV chip

Chip card reality check: Oct. 1 deadline termed a 'soft incentive'

Despite an Oct. 1 deadline for U.S. merchants to accept secure chip-enabled credit and debit cards, experts believe it will take years for the conversion

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Demo Traction: This start-up can read your poker face

Cameras that can read emotions and free Internet payment systems topped the list of dozens of companies that displayed their tech at the DEMO Traction Enterprise today.

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Getting all strategic, and killing spreadsheet dependence, with Incase

Financial executives live and die by their spreadsheets. Indeed, it is a right of passage within finance departments to develop high levels of proficiency using pivot tables. Incase is killing a few of those sacred cows and leveraging...

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