Financial IT

Financial IT news, trends, analysis and practical advice

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FAQ: What you need to know about chip-embedded credit cards

The conversion process from older magnetic stripe cards to chip-embedded credit and debit cards has sped up in recent months because of an Oct. 1 deadline. That's the day when liability for credit card fraud will shift from banks to...

karpeles

Mt. Gox CEO Karpeles arrested in Japan

The CEO of failed Bitcoin exchange Mt.Gox was arrested in Japan early Saturday by police, according to media reports.

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Wells Fargo's mobile banking redesign includes biometrics, tracks customer insights

Input from Wells Fargo's commercial banking customers has been vital in steering a massive mobile banking redesign project, according to a bank executive.

New York Stock Exchange trading floor

A software update led to Wednesday's NYSE problem

An incompatibility with a software update and the later attempt to fix it were behind the glitch that forced a nearly four-hour-long suspension of trading on the New York Stock Exchange on Wednesday.

New York Stock Exchange shortly after trading was halted

Update: Glitch brings major disruption to NYSE trading

A computer glitch halted trading on the New York Stock Exchange today for more than three hours.

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PayPal to acquire money transfer service Xoom for $890M

PayPal is acquiring Xoom, an international money transfer service, in a deal that lets PayPal break into a new market worth an estimated $600 billion a year, the companies said.

How to use a smart chip card

Some users will 'kick and scream' at paying with slower chip cards

Major U.S. banks have been rolling out new, secure smart chip debit and credit cards for months, but the real end-user impact hasn't yet been felt.

fog lifting

Enterprise financials in the cloud? Why the fog of skepticism may be lifting

Spreadsheets and email documents are a bigger threat than the cloud, says Forrester Research’s Liz Herbert.

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.

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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.

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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.

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