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I did a brief post on this yesterday. Here's a follow-up. On September 30th, analysts were arguing over which Online Banking Trojan (Clampi or Zeus) was MORE dangerous. Clampi was called the "Big One" and several analysts agreed that the only way to defend against Clampi was to use a separate machine for online banking and for web browsing/checking email. Zeus was famous for being invisible to up-to-date-anti-virus...
Special Alert Informs Banks on How to Spot Money Mules/What to Look For...In its industry Special Alert Thursday, the FDIC warned financial institutions on the growing threat posed by online banking Trojans and specifically, what they've created: Money Mules. A new customer who opens an account with a minimal deposit, and then starts receiving big bucks on the wire, should be scrutinized, the alert says. (DUH!) “Strong customer...
Juniper Research, Oct 2009, Pages: 131 Report Cost: $2895.00 Overview New 'Sophisticated Financial Services' Segment Included Definitive Reference Source for the Industry Completely Revised & Updated Extensive Forecasting SuiteThis report provides a thorough analysis of the key issues and trends influencing the Global Mobile Remittance/Transfers market. The structure and ecosystem of the sector is presented alongside a discussion...
According to Daniel Ionescu at PC World, FaceBook isn't the only phish in the sea...timestamp(1256827680000,'longDateTime')Twitter is warning users of a new phishing scam spreading through direct messages on the network, which redirect users to a fake log-in page to steal their passwords. Through its Spam Watch account, Twitter warned: "We've seen a few phishing attempts today (Wednesday); if you've received a strange (direct message),...
Mobile Money Ventures Collaborates with Citibank to Launch First Mobile Banking Offering From a Foreign Financial Institution in China
Beijing, Oct. 30, 2009 -- Mobile Money Ventures, LLC (MMV), a leading global solutions provider of the next generation of mobile financial services, today announced it is continuing its string of successful deployments in the Asia Pacific region with the launch of a mobile banking solution in China with Citibank. Citi Mobile – the first offering of its kind in the country from a foreign financial institution – allows customers to access...
Facebook said Thursday a California court has awarded the social networking Web site $711 million in damages in an anti-spam case against Internet marketer Sanford Wallace. The Associated Press LOS ANGELESFacebook said Thursday a California court has awarded the social networking Web site $711 million in damages in an anti-spam case against Internet marketer Sanford Wallace. Facebook sued Wallace for accessing users' accounts without their...
MINNEAPOLIS--(BUSINESS WIRE)--Oct. 30, 2009-- MoneyGram International, Inc. (NYSE:MGI), a leading global payment services company, today reported financial results for the third quarter of 2009. Money transfer transaction volume excluding bill payment increased 6 percent, and money transfer fee and other revenue increased 3 percent versus prior year. On a constant currency basis, money transfer...
Source: First Data, 29 October 2009First Data's Star network introduces pre-paid reloadsGlobal electronic commerce and payments processing leader First Data announced yesterday that its Star Network is the first electronic funds transfer network (EFT) to launch load and reload support for Star-branded general purpose prepaid cards.First Annapolis estimates that the general purpose prepaid market will reach $170 billion in spend and cash...
Startup Bling Nation raised $20 million in Series B funding from Balderton Capital for their new cell phone payment system. The startup has raised some major bling as total funding to date now stands at $33 million since its launch in 2007. More impressively, the startup has raised $28 of that $33 million since July. They announced that they had raised $8 million in funding from Lightspeed Venture Partners and Meck and...
From: Help Net SecurityFacebook users should be on the lookout for an email threat that is posing as a message from Facebook administrators. The message contains both a phishing scam and a notorious “banking Trojan” virus.A link within the spam email takes users to a spoofed Facebook login page requesting the user’s Facebook account information. After entering their credentials, users are then prompted to download “updatetool.exe” which...
According to ZDNet Blogs Anti-Spam Philters are useless against Phishing. A recently conducted ethical phishing (New study details the dynamics of successful phishing) experiment impersonating LinkedIn by mailing invitations coming from Bill Gates, has achieved a 100% success rate in bypassing the anti-spam filters it was tested against. The experiment emphasizes on how small-scale spear phishing campaigns are capable of bypassing...
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Fiserv, Inc., announced today that it was selected as the winner of the "Most Innovative Case Study Presentation" awarded by attendees at the Financial Technology Insight Summit held in Boston, Mass., September 30 - October 2. Featuring Aperio Customer Analytics from Fiserv, the presentation addressed the need for financial institutions to have a better understanding of customer segmentation, as well as the ability to predict...
Monett, Mo., Oct. 29, 2009 - PIN Payments News Blog - Jack Henry & Associates, Inc. (NASDAQ:JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced the acquisition of Washington-based Pemco Technologies, a wholly owned subsidiary of PEMCO Corporation and one of the nation's leading providers of payment processing solutions primarily for the credit union...
I guess the ABA was wrong? Source: Mintel ComperemediaRegion: USFOR IMMEDIATE RELEASE: Oct 2009People prefer branches over Internet for bank communicationChicago (October 28, 2009) -PIN Payments News Blog-Even in the age of tweets, texts and friend requests, there’s something comforting about face-to-face contact. A new survey from Mintel Comperemedia, a service that provides direct marketing competitive intelligence, shows people...
New York, Oct. 29, 2009 -- American Banker and Bank Technology News, SourceMedia’s renowned publications for banking and financial services professionals, and IDC Financial Insights, an independent research services firm, today released the sixth annual FinTech 100 rankings of the top global technology providers to the financial services industry.As the business environment within the financial services industry continues to be a challenging...
