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After months of investigation, law enforcement has nabbed suspects believed to be behind hacks at JPMorgan Chase and other big banks... and they're not quite the master criminals you might expect. Both the FBI and Israeli police have arrested four people for what now appears to be a classic "pump...

July 21st 2015 at 8:23pm 0 Comments
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Banking is a bit of an old boys' club dominated by a few huge, lumbering corporations, but up-start Atom thinks it's time for a new player with a different approach. Atom wants to take mobile banking seriously; so seriously, in fact, that it aims to exist almost solely as a mobile app. The company...

June 25th 2015 at 9:13am 0 Comments
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RBS has just stepped into another IT nightmare. The company, which owns the Royal Bank of Scotland, NatWest, Coutts and Ulster Bank, has admitted that 600,000 customer transactions weren't completed last night. It hasn't revealed the exact nature of the problem, referring to it only as "an issue w...

June 17th 2015 at 8:05am 0 Comments
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In Sub-Saharan Africa, mobile wallets are a huge deal. While it's been that way for years, the World Bank's latest Global Financial Inclusion database gives us solid details on just how prevalent they are in the region. According to the report, 12 percent of adults (64 million) in the area have mo...

April 16th 2015 at 2:58am 0 Comments
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Bitcoin may have a long march toward legitimacy, but that doesn't mean its technical design isn't about to go mainstream. Reuters is reporting that IBM is examining the cryptocurrency's inner workings in an attempt to build a new form of international payment system. The idea behind the scheme is...

March 13th 2015 at 1:44pm 0 Comments
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Since the launch of Barclays' Pingit app, it's become almost impossible to dodge paying your share of Friday night's curry. The mobile payment service lets you transfer money to whichever mate picked up the bill, regardless of where you both bank, using just their mobile number. Come March 10th, h...

February 25th 2015 at 6:31am 0 Comments
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It's no secret that hackers see banks as prime targets, but one band of digital thieves is conducting heists on a truly grand scale. Security researchers at Kaspersky have published details of malware attacks that have stolen at least $300 million from financial institutions in 30 countries. The c...

February 14th 2015 at 6:21pm 0 Comments
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Your parents might have told you that revenge solves nothing, but it's not clear that American banks have learned the same lesson. Bloomberg sources understand that the FBI is investigating whether or not US financial institutions hired hackers to conduct retaliatory hacks against Iran, crippling...

December 30th 2014 at 7:58pm 0 Comments
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Compared to other banks, Barclays is often way out ahead when it comes to embracing new technology. After becoming the first financial institution to let customers transfer money using only their mobile number, the company also let some business users swap PINs, passwords and authentication codes...

December 2nd 2014 at 7:38am 0 Comments
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Back in January of 2013 -- nearly two years ago now -- my rogue alt became my main. Part of the transition process involved sifting through the dusty depths of that character's bank, discovering treasures (and trash) long forgotten. I documented the process back then and, while my main isn't changi...

October 13th 2014 at 11:00am 0 Comments
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When Circle's Bitcoin bank launched in May, the only way that you could sign up was if you had an invitation. From today, however, the nascent financial institution has opened its doors to everyone in the world. Circle is pitching itself as a legitimate Bitcoin repository, adhering to US anti-mone...

September 29th 2014 at 10:33am 0 Comments
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PINs, passwords and authentication codes: they're a troublesome security solution that we'd love to see the back of. The bankers at Barclays know this, so they've looked to biometrics in a bid to banish them forever. Today, the company announced that it's teaming up with Hitachi to launch a new re...

September 5th 2014 at 7:31am 0 Comments