Capital One
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Former Amazon engineer convicted in 2019 Capital One data breach
Paige Thompson was found guilty of wire fraud and unauthorized access to a protected computer.
Capital One fined $80 million over 2019 data breach
Capital One has been fined $80 million for a 2019 data breach that left 100 million Americans vulnerable.
Capital One data breach affected 100 million in the US
Just as Equifax announced a settlement for its massive data breach, Capital One has revealed that someone hacked into its systems earlier this year. According to the company, someone exploited a "configuration vulnerability" that allowed them to access and decrypt customer data affecting over 100 million people in the US, and about 6 million in Canada.
Capital One Bank to accept iPhone check deposits
Joining the growing ranks of iPhone-friendly financial institutions, Capital One is now accepting business check deposits via a standalone iOS app. As TechCrunch reports, the app can't be simply downloaded and used; Capital One business clients must first email the Capital One Treasury Management department (treasury@capitalone.com) and complete the sign-up process. As one of the last major banks to offer such a service, Capital One's decision to launch a totally separate app rather than simply add the feature to its current offering is a bit of a head-scratcher. Still, I think "better late than never" applies in this case, and Capital One's business clients will surely be glad to see this new option hit the App Store.
Isis' NFC payments go live in Austin and Salt Lake City: 3 carriers, 9 phones, 1 long way to go (video)
To say that the launch of Isis has felt drawn out would be a mild understatement. The alliance first signaled its intentions two years ago, detailed its first markets one year ago and faced a last-minute delay. All the ducks are finally in a row, however, and residents of both Austin as well as Salt Lake City can tap to pay (or score discounts) at the "hundreds" of locations that accept NFC-based purchases through American Express, Capital One, Chase and Isis' own cash card. Launch day brings app- and SIM-enabled access for nine devices spread rather unevenly across AT&T, T-Mobile and Verizon: only the Droid Incredible 4G LTE is confirmed working for Verizon subscribers, while the rest are divided more equally between multiple Samsung Galaxies and HTC devices like the Amaze 4G and One X. Over 20 phones should be Isis-aware before the end of the year. It's a potentially strong start to one of the few truly cross-network mobile payment systems in the US, but we see a long road ahead before Isis gives Google Wallet some jitters -- there's legions of banks, cities and stores needed before Isis is widespread, and we're not counting on that ever-elusive universal hardware support.
Isis Mobile Wallet app for Android surfaces in Google Play, you probably can't run it
Unofficial rumblings have pointed to Isis Mobile Wallet's trial getting close. If you've remained skeptical all the same, we're pretty sure that seeing Isis' Android app in Google Play will change your mind. The currently T-Mobile-only software confirms that pilot program members will tie their American Express, Capital One or Chase card (as well as a unique card) to Isis for paying through NFC at stores with a SmartTap terminal. We're also promised streamlined loyalty cards and coupons. Before anyone rushes to try the app at the local shop, remember that it's just one piece of the puzzle on top of the special SIM card, one of three NFC-equipped phones and that small matter of living in Austin or Salt Lake City when the service goes live. Having the official app at least lets those who qualify get a head start on what could soon be the only major alternative to Google Wallet in the US.
Google, PayPal, VeriFone and US carriers band together to form Mobile Payments Committee
There's little doubt that mobile payments hold a ton of potential for the future of commerce, but without proper direction (and willingness for adoption), the technology remains little more than an impractical curiosity for the majority of consumers. In an effort to define a way forward for the mobile payment industry, a large number of heavy hitters have banded together under the umbrella of the Electronic Transactions Association to form the Mobile Payments Committee. Not only does the group include all four of the top US carriers, but also Google, Isis, VeriFone and PayPal. Add to that financial institutions such as Wells Fargo and Capital One, along with American Express, Discover, MasterCard and Visa, and you'll quickly realize that this group is playing to win. Primary goals of the Mobile Payments Committee include fostering relationships with merchants, ensuring consumer access to modern payment methods, exploring best practices and ensuring interoperability of networks, equipment and financial institutions. The group will also engage in lobbying activities with legislators and regulators, and will additionally work to educate both merchants and consumers about the potential of mobile payments. With so many key players (and competitors) sitting around one big table, what wouldn't you give to be a fly on the wall during those meetings? For a little extra insight, just hop the break for the full PR.
Chase, Capital One and Barclaycard join as launch partners for Isis mobile payment service
The Isis mobile payment service backed by AT&T, T-Mobile and Verizon may have been a bit overshadowed by Google Wallet in recent months, but it's still on track for a "mid-2012" trial launch in Austin, Texas and Salt Lake City, Utah, and it's now gotten a boost from a trio of new financial partners. Chase, Capital One and Barclaycard confirmed today that they'll each support the NFC-based service and let folks load their credit, debit and prepaid cards into their Isis Mobile Wallet, joining existing partners Visa, MasterCard, Discover and American Express. Unfortunately, any specific launch details beyond that still remain a bit on the light side, with Isis only promising that a national rollout will follow sometime after the initial trial launch.
