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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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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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Reports of thieves using stolen payment info with Apple Pay surfaced earlier this week, and banks are already stepping up security measures. In fact, the culprits used the software to employ credit card details stolen during Target's massive breach in 2013. The Wall Street Journal reports that tho...

March 6th 2015 at 3:16pm 0 Comments
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Europol and police forces across Europe have shut down Ramnit, a botnet that infected up to three million computers world-wide. The virus, generally installed by email phishing attacks or rogue sites (please stop clicking on attachments, whoever your are) was mostly used by criminal hackers to ste...

February 26th 2015 at 4:44am 0 Comments
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If you manage your personal finances from a smartphone, you'll be familiar with the tiresome verification procedures that banks use to double-check your identity. To make everything a little simpler, RBS and NatWest are introducing Touch ID support to their iOS banking apps tomorrow. So rather tha...

February 18th 2015 at 4:29am 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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Visa's move to protect your credit card numbers was apparently pretty popular. How do we know that? Well, it's coming to a bunch of places that aren't adorned with the Apple logo -- that's how. The company has announced that "other leading device manufacturers and technology companies" will adopt...

February 13th 2015 at 11:59pm 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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Went on a spending spree with your Bank of America debit card the moment Apple Pay hit your iPhone? You might be in for a (brief) shock. The bank is now issuing refunds after it charged at least some Apple Pay users twice when they made purchases at retail shops. While it hasn't said what trigg...

October 22nd 2014 at 4:17pm 0 Comments
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It doesn't yet have a name, but Ecuador's new government-backed virtual currency is coming. That's the thrust of a new report from the Associated Press, anyway -- the country's Central Bank is said to be gearing up for a launch sometime in December, though the juicy technical details and the mech...

August 29th 2014 at 10:29am 0 Comments
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A Bloomberg report claims that JPMorgan Chase and "at least" four more banks in the US have been victims of a virtual attack from hackers. The data gathered from the breach could reportedly "be used to drain accounts," according to two Bloomberg sources who have been briefed on the situation by th...

August 28th 2014 at 4:44pm 0 Comments