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Jonny Evans

Apple and Visa are ready to turn your iPhone into your wallet, after years of steady work to develop such services.

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Sharky
Financial IT News

New York's proposed Bitcoin rules include consumer protections

Companies trading in Bitcoin and other virtual currencies would be required to hold enough of the currencies to cover their debts to customers and would have to verify the identities of account holders as a protection against money laundering, under new regulations proposed by the New York State Department of Financial Services [DFS].
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Visa launches 'Checkout' for quick and easy payments from any device

Visa announced a new simplified digital payment service called Visa Checkout, which is designed to allow customers to pay quickly for goods online on any connected device.

Bank of America illegally copied $300M in software, alleges Tibco lawsuit

Bank of America illegally copied $300 million worth of Tibco's enterprise software for use in a massive IT project at its Merrill Lynch subsidiary, Tibco alleges in a lawsuit.

PF Chang's says breach was 'highly sophisticated criminal operation'

Restaurant chain P.F. Chang's China Bistro says the theft of credit and debit card information from some of its restaurants earlier this year was "part of a highly sophisticated criminal operation."

Breaches exposed 1 in 7 US debit cards in 2013

Data breaches at retailers and financial services companies exposed 14 percent of all U.S. debit cards in 2013, according to a nationwide survey by a major ATM network operator.

Financial IT In Depth

Bankers beware: Technology is going to get you (and none of us will care)

Technology is about to take a big slice of the traditional banking business. Bankers have been slow to see what's coming, but they're starting to realize what's at stake.

Connect: CIO Inspires Innovation and Business Transformation

The IT department at financial services firm TIAA-CREF is fostering innovation that reinvents how the company operates, says CIO Annabelle Bexiga

Intel plays defense against ARM with Cloudera stake

Intel's US$740 million investment in software company Cloudera will help sell more x86 chips in Hadoop installations, but it could also be a defensive move to maintain its server lead from the emerging threat posed by 64-bit ARM servers.

Continuous IT Innovation Shapes the Future of Financial Services Firm

Under CIO Victor Fetter's leadership at LPL Financial, the IT group has moved from 'working on projects' to delivering solutions that shape the business and the marketplace.

There's no bubble in business Wi-Fi, Aerohive CEO says

Aerohive Networks sells not just enterprise Wi-Fi gear but also cloud-based software designed to make it easier to set up and manage a customer's entire wired and wireless network. Other wireless LAN vendors are moving in the same direction, including Cisco Systems, the biggest seller of enterprise Wi-Fi, which acquired Meraki Networks in 2012.

Are we giving up on mobile payments already?

Mobile payments have still not caught on as U.S. users stick with their credit cards. Now the innovation is coming in the form of new debit cards.

How to get a job in financial IT

IT pros may have shied away from financial services during the industry's recent upheavals, but it now represents a vibrant employment segment for those who understand its adherence to security, compliance and reliability. Insider (registration required)

How to Improve Your IT Job Prospects by Volunteering

Unemployed? Don't sit at home and wait (and hope) for an opportunity. Volunteering your IT skills is a way to keep current and show potential employers your business and technical acumen, your character and your drive.

SAP's Q2: The hot topics

SAP is set to release its second-quarter results on Thursday, and as usual market watchers will be paying close attention given the vendor's bellwether status within the enterprise software market.

How to Do Financial Trading IT Right: Behind the Scenes at Liquidnet

With massive amounts of data, low latency, hundreds of connection points and no margin for error, financial trading is grown-up IT. Liquidnet does it in more than 40 markets with a staff of just 300. Here's how the company makes it work.

Kotak Securities Leverages Smart Order Routing to Help Customers Stay Profitable

The world of stock broking runs on one word: Speed. But manual processes could play spoilsport and derail business, giving competition an opportunity.  Kotak Securities strove to change that and, on its way, created an industry-first.

 

ingogo secures $1.5m investment

App vendor, ingogo, has secured a $1.5million investment from leading investors in an attempt to fund further expansion of the business' taxi booking and payment platform.