Chairman Frank's Internet Gambling Hearing Paves Way for Vote on Regulatory Bill

Congressional Portrait, Congressman Barney FrankImage via Wikipedia

Experts to Discuss Opportunity to Effectively Regulate Internet Gambling Industry and Collect Up to $42 Billion in New Revenue



WASHINGTON, Dec. 2 /PRNewswire-USNewswire/ -- On Thursday, December 3, the House Financial Services Committee will discuss legislation introduced by Chairman Barney Frank (D-MA) that would regulate Internet gambling in the United States. The hearing, scheduled to begin at 10:00 AM EST in Room 2128 of the Rayburn House Office Building, will feature testimony from leaders in the fields of online security and consumer safety. Top experts are expected to describe how existing systems and technologies have proven successful in blocking minors from gambling online, combating compulsive gambling and protecting consumers against money laundering, fraud and identity theft.



"This hearing will provide further evidence on the ability to effectively regulate Internet gambling and require licensed operators to utilize already-proven technologies to protect consumers," said Michael Waxman, spokesperson of the Safe and Secure Internet Gambling Initiative. "It's expected this hearing will answer any outstanding questions and pave the way for a vote in the committee on Chairman Frank's legislation."



The hearing follows the recent announcement by the Federal Reserve and Department of the Treasury of an extension to the compliance date of the final Unlawful Internet Gambling Enforcement Act (UIGEA) regulations by six months to June 1, 2010. The delay, Chairman Frank stated "...will give us a chance to act in an unhurried manner on my legislation to undo this regulatory excess by the Bush administration and to undo this ill-advised law." Chairman Frank's statement implies he will seek to have his regulatory bill enacted prior to June 1, 2010.



"Coupled with last week's decision by the Treasury Department and Federal Reserve to delay UIGEA implementation, this hearing further builds the case for Congress to rewrite U.S. gambling laws," added Waxman. "It's simply common sense to override UIGEA, a poorly conceived law that is doomed to fail, and replace it with a framework that regulates a thriving underground marketplace to protect consumers and collect billions in otherwise lost revenue."



The Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 (H.R. 2267), introduced by Chairman Frank in May 2009, would establish a framework to permit licensed gambling operators to accept wagers from individuals in the U.S. In addition to consumer protections, the legislation reinforces the rights of each state to determine whether to allow Internet gambling activity for people accessing the Internet within the state and to apply other restrictions on the activity as determined necessary.



The Joint Committee on Taxation projects up to $42 billion over 10 years would be generated for the U.S. Treasury in a regulated environment and with the passage of Chairman Frank's bill along with a companion bill introduced by Rep. Jim McDermott (D-WA), the Internet Gambling Regulation and Tax Enforcement Act (H.R. 2268). The primary source of this revenue would come from ensuring that applicable individual and corporate taxes and license fees on regulated Internet gambling activities are collected.



For additional information on the hearing, please visit the House Committee on Financial Services Web site.



About Safe and Secure Internet Gambling Initiative



The Safe and Secure Internet Gambling Initiative promotes the freedom of individuals to gamble online with the proper safeguards to protect consumers and ensure the integrity of financial transactions. For more information on the Initiative, please visit www.safeandsecureig.org. The Web site provides a means by which individuals can register support for regulated Internet gambling with their elected representatives.



SOURCE Safe and Secure Internet Gambling Initiative
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Western Union Selects YellowPepper for Digital Vendor Program

http://westernunion.comWestern Union Announces New Participant in Digital Vendor Program

YellowPepper First Vendor in Latin America to be Certified to Deliver Western Union Money Transfer® Service Capability



ENGLEWOOD, Colo.--(BUSINESS WIRE)--The Western Union Company (NYSE: WU), a global leader in money-transfer services, announced today that it has selected YellowPepper, a mobile financial solutions provider in Latin America, to participate in its Digital Vendor program. YellowPepper is the first vendor in Latin America to be selected for the program.



Western Union introduced the Digital Vendor Program earlier this year. The program is intended to extend the reach and accessibility of Western Union Money Transfer® services to mobile finance initiatives across the globe.



YellowPepper provides products and services that enable mobile financial transactions between financial institutions, businesses and consumers in Latin America. The company offers a variety of services, including mobile top-ups, transfers from a bank account via cell phone, and bill payments via mobile. The company currently has operations in seven countries: Bolivia, Colombia, Ecuador, Guatemala, Panamá, Perú and the United States. In addition, YellowPepper has agreements with major mobile operators in the region, including Claro and Movistar.



“YellowPepper is well-known for providing convenient, easy-to-use services throughout Latin America,” said Matt Dill, SVP and Head of Western Union Digital Ventures. “They also have strategic relationships with some of the biggest mobile operators in the region, and we feel that this alliance is a great opportunity to introduce cross-border transactions into their established, trusted system.”



Western Union is certifying mobile platform vendors to reduce integration costs and accelerate go-to-market activities for banks and mobile operators by creating standard technical deployments. Once a bank or mobile operator contracts with Western Union to activate the Western Union® Mobile Money Transfer service, its consumers will be integrated with Western Union’s core transaction processing system. This system supports Western Union’s global network of more than 350,000 Agent locations in over 200 countries and territories.



“Each YellowPepper product addresses essential financial needs,” said YellowPepper Founder and President Serge Elkiner. “Now, more than ever, mobile financial solutions are critical to Latin America’s underserved financial community. We are very excited about working with Western Union, a global leader in payment services and money transfers, to introduce cross- border mobile money transfer services in our region.”



Other vendors in Western Union’s Digital Vendor program include: South Africa-based Fundamo, India-based mChek, U.S.-based Sybase 365 and Singapore-based Utiba Pte.



About the Western Union Digital Vendor Program



The Western Union Digital Vendor Program is open to mobile finance platform vendors who have successfully deployed a mobile money offering. Certified vendors agree to maintain current version control against the Western Union Money Transfer service interface. Certification is a technical designation and is subject to periodic review by Western Union. Mobile operators and banks interested in offering Western Union services should contact mobilemoneytransfer@westernunion.com. A direct contractual relationship with Western Union is required to activate Money Transfer services.



About Western Union



The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta and Pago Facil branded payment services, Western Union provides consumers with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. Western Union, Vigo and Orlandi Valuta operate through a combined network of more than 400,000 Agent locations in 200 countries and territories. In 2008, The Western Union Company completed 188 million consumer-to-consumer transactions worldwide, moving $74 billion of principal between consumers, and 412 million consumer-to-business transactions. For more information, visit www.westernunion.com.



About YellowPepper



YellowPepper Mobile Financial Solutions provides products and services that enable mobile financial transactions between financial institutions (banks), businesses, and consumers in Latin America. With one and a half million users, YellowPepper operates in Ecuador, Colombia, Bolivia, Guatemala, Perú, and Panamá as a service provider for 35 financial and non-financial institutions. For more information, visit www.yellowpepper.com.



Source: Company Press Releae



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FIS Named Most Admired Core Banking Vendor

http://www.fisglobal.comAccording to an Independent Research Study by Aite Group




JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS™ (NYSE:FIS) today announced that it has been named the core banking vendor most admired by chief information officers of large North American banks (i.e., top 120 by assets) in a recent Aite Group research study. FIS, one of the world’s largest providers of banking and payments technology, is admired as a vendor of core banking solutions by more technology executives of large banks than any other company.



Sixteen core banking vendors were ranked by North American technology executives from large financial institutions. Overall, the study covered eight key technology areas including IT services and core banking, which were evaluated by the large institutions, while both small and large institutions reviewed vendors in other technology sectors, including server hardware, database software, business intelligence, business process management, storage services, and security information and event management.



“While admiration may seem like a “fluff” term, we believe it indicates which vendors will be more likely to win business regardless of market share,” noted Gwenn Bezard, Aite Group co-founder and research director. “We also believe that the large number of vendors mentioned in this survey indicates that vendors face savvy buyers, leaving little room for anything less than outstanding engineering, sales and marketing, and delivery."



“FIS is very pleased to achieve this recognition from the market. We take pride in being the largest provider of financial services worldwide, but it’s more important for us to be recognized as the best in the industry,” stated Anthony Jabbour, executive vice president, FIS Financial Solutions Group. “We view our number one position as a testament to FIS’ customer focus and unmatched ability to develop and deliver market-leading core banking solutions and IT services.”



About FIS



FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in over 100 countries worldwide. FIS provides financial institution core processing, and card issuer and transaction processing services, including the NYCE® Network. FIS maintains processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500® Index and consistently holds a leading ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the “FIS” ticker symbol. For more information about FIS see www.fisglobal.com.





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Thales Paves the Way for Authentication on the Move

http://www.thalesgroup.com/issThales launches SafeSign Mobile Authentication for secure two factor authentication and transaction authorisation over a mobile phone



WESTON, Fla. & LONG CRENDON, England--PIN Payments News Blog--Thales, leader in information systems and communications security, announces SafeSign Mobile Authentication which enables strong authentication using a mobile device. Suitable for many online applications including financial services and government, SafeSign Mobile Authentication provides security against man-in-the-middle attacks, while also giving users the freedom of secure banking anywhere, anytime with the convenience of using their own mobile device. The solution, developed in partnership with Salt Group, global leader in the development of high assurance mobile authentication solutions, offers a choice of mobile authentication solutions for secure log on, transaction signing and payment authorisation. Organisations can choose from SMS or Java-based solutions to ensure that the most appropriate level of security is applied to transactions.



SafeSign Mobile Authentication provides users with a more convenient token-based solution for both secure log-on and the signing, verification and authorisation of transaction details. Standard Chartered Bank in Hong Kong has already adopted the solution for transaction authorisation in its corporate internet banking system, while the State Government of Victoria in Australia has selected SafeSign Mobile Authentication for secure log-on to government services.



Mobile authentication is attractive to customers as it represents a more cost-effective security solution since there are no distribution costs. Furthermore, as the solution relies on a ubiquitous device – the mobile telephone – as the secure channel to generate or exchange security information, it is cheaper and simpler than setting up a public key infrastructure or providing and managing specialised tokens.



Ross Oakley, Managing Director of Salt Group, comments, “Seventy per cent of today’s global population already carries a mobile phone, so extending its use to authentication and transaction authorisation seems a natural development and one that users should readily accept. With a choice of mobile authentication mechanisms, customers can choose the most appropriate level of security for their business. However, regardless of the token chosen, mobile authentication offers significant operational, cost and deployment benefits while also maintaining the high assurance characteristics associated with more traditional devices.”



Franck Greverie, Vice President, Managing Director for the information systems security activities of Thales, adds, “With the addition of mobile authentication, our SafeSign solution supports an unequalled range of contemporary authentication mechanisms from the world’s leading providers including specialised tokens, EMV CAP, PKI and smart cards. Financial institutions and governments can deploy a single enterprise authentication hub, supporting various authentication mechanisms geared to the needs and preferences of their customers and to the security requirements of their services. This single authentication infrastructure results in lower capital and operating costs, improved governance and shorter time to market.”



Source: Company Press Release

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Twitter Founder Releases Square: Gee...That Sounds Familiar



Jack Dorsey, the founder/Chairman of Twitter has unveiled Square, his new start-up. The idea: anyone with a mobile phone can accept credit card payments. (Gee...that sounds familiar...who else came up with that idea many many moons ago?)



Square makes a small "square" device that plugs into any gadget with an audio input jack, (Gee...that sounds familiar, our device plugs into any device with an audio input jack) including an iPhone or iPod Touch, and turns the device into a credit card machine. (Gee...that sounds familiar...except that ours does PIN based transactions for debit and prepaid as well thus providing two factor authentication)

What's unfamiliar, (because it's not talked about in any of the articles I've read) is the security of the device. How does the "Square" handle the cardholder information.



I'm checking on that now and will do a follow-up piece after learning more. 



What I do know, thus far...Buzz is obviously much more important that an actual product, otherwise HomeATM would have seen this type of buzz over it's product in 2008 and all during 2009.  The good news,is that the people who scoffed at the idea of attaching a hardware device to phone are now sucking up to this buzz.



Seriously, if it wasn't the Twitter founder doing this, the coverage would not be anywhere near what it is. 



But, it is what it is.  Which brings up the question... exactly what is that? 



  • It cannot do PIN based transactions,whereas the HomeATM device can




  • It's not PCI certified whereas the HomeATM device is




  • Because of the size, I would venture a guess that there will be a ton of misreads because of the short throw.  (the length of the device as compared to the length of the magnetic stripe) My understanding is that Magento has already discontinued one of their mag-stripe readers because of that exact problem.




  • Tons of security questions should be posed.  What type of encryption does it use?




  • How sturdy is it?  Doesn't look very strong.  (see below)




  • How long does a transaction take?  We use patent pending ultra-fast data packets.

  • It needs software, ours doesn't.  (software bad...hardware good)












More on this later.  Just wanted to get something up on the blog acknowledging the new Twitter Founders' startup.  My question is when the realization sets in that it may need some security improvements...will the Square 2 be a result of going back to Square One? 



Here's a quick interview done by TechCrunch showing Jack Dorsey's Square in Action. 











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Annual Phishing Losses up to $9.40 for Each Online Banking Customer



Trusteer Reports that Half of Online Banking Users Who Click on Phishing E-mails Lose their Login Credentials

Annual Phishing Related Losses Estimated to be as High as $9.4M per Million Customers



NEW YORK--(BUSINESS WIRE)--Trusteer, the customer protection company for online businesses, reported today that while only a small number online banking customers visit phishing sites each year (1.04 percent), about half of those victims (0.47 percent) divulge their login credentials to these fraudulent websites impersonating the bank. Based on the sheer volume of these attacks, losses attributed to phishing could cost banks as much as $9.4M annually per 1 million users if criminals abuse all of the stolen accounts. These findings are based on a sample of more than 3 million users of the Rapport browser security service, who are customers of 10 large US and European banks.



Although there are a multitude of research findings and statistics on phishing attacks, information on how successful they are, how many users actually respond to them, and how many submit their login credentials or other personal information to criminal websites has been elusive. The reason is simple – this information is extremely hard to collect. The Trusteer platform provides a unique view into the success and failure rates of phishing attacks via its Rapport plug-in, which is installed on approximately three million computers across North America and Europe. Rapport constantly monitors phishing attacks against the computers it protects, and can identify/prevent users from trying to submit login information to phishing websites.



Trusteer based its research on data collected over a three month period during which phishing events from 10 large banks across the US and Europe were analyzed. The report’s key findings include:
  • Each phishing attack compromises a very small number of customer accounts (0.000564%), but due to the large number of attacks, the aggregated number is significant.

  • 1.04% of bank customers click on malicious links and are redirected to a phishing website.

  • 0.47% of a bank’s customers divulge their login credentials and other personal information on phishing websites. If abused, the losses associated with these hijacked credentials would range between $2.4M and $9.4M annually (per one million online banking clients).

The full report is available at http://www.trusteer.com/webform/measuring-effectiveness-wild-phishing-attacks.



“Since the vast majority of phishing attacks are blocked by server-based anti-spam and e-mail/browser phishing filters, we decided to focus our research only on malicious messages that were delivered and were acted upon by the victims,” said Amit Klein, CTO of Trusteer and head of the company’s research organization. “While the fact that nearly half of the victims were tricked into giving up their online banking credentials was surprising, the aggregate value of the financial losses created by only half of one percent of a bank’s customers is staggering.”



About Rapport

Rapport from Trusteer is a lightweight browser plug-in plus security service that acts like a vault inside the browser and prevents redirection of user information to fraudulent websites. It protects personally identifiable information (PII) and Web pages from unauthorized access and theft while users are accessing sensitive Web sites. Trusteer also offers in-the-cloud reporting services where unauthorized access attempts detected by Rapport are analyzed by fraud experts who provide actionable intelligence to financial institutions.



About Trusteer

Trusteer enables online businesses to secure communications with their customers over the Internet and protect PII from a user's keyboard into the company's Web site. Trusteer's flagship product, Rapport, allows online banks, brokerages, healthcare providers, and retailers to protect their customers from identity theft and financial fraud. Unlike conventional approaches to Web security, Rapport protects users' PII even if their computer is infected with malware including Trojans and keyloggers, or is victimized by pharming or phishing attacks. Trusteer is a privately held corporation led by former executives from Cyota/RSA Security, Imperva, and NetScreen/Juniper. For more information visit www.trusteer.com.



Contacts

Marc Gendron PR

Marc Gendron, 781-237-0341

marc@mgpr.net

Permalink: http://www.businesswire.com/news/home/20091202005153/en











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2009 Banking Identity Safety Scorecard: Banks Achieve Milestones in Prevention and Debit Card Guarantees but Fall Short in Alert Offerings





Research and Markets



Javelin’s 2009 Banking Identity Safety Scorecard ranks banks and credit unions on their customer-facing identity fraud Prevention, Detection and Resolution™ capabilities. Leveraging the nation’s most comprehensive study on identity fraud, Javelin updates the Prevention, Detection and Resolution™ criteria each year to show specific ways that individual financial institutions (FIs) can increase customer safety and loyalty through enacting comprehensive security measures and by partnering with account holders to fight identity fraud. Javelin uses a combination of mystery-shopper calls (averaging 6.2 per institution) and extensive website research to score the leading 25 U.S. FIs by gross annual deposit volume against relevant Prevention, Detection, and Resolution™ criteria; collectively this study represents approximately 50% of the U.S. market in 2009 by dollar value of deposits, according to the FDIC.



Financial institutions made significant strides in prevention, jumping 27 percentage points from last year, and also slightly improved in detection and resolution capabilities. With six new banks entering the top ten in overall rankings this year and seven new banks leading the pack in prevention, smaller banks have raised the bar in prevention, the most weighted safety area of the identity safety scorecard.



Primary Questions



  • How can banks and credit unions benchmark their efforts to battle against a $48 billion U.S. identity fraud problem?

  • Which financial institutions rank highest against Javelin’s customer-facing Prevention, Detection and Resolution™ criteria?

  • What type of account protection capabilities should banks and credit unions implement to increase customer safety through Prevention, Detection and Resolution™?

  • Within the U.S. banking industry, where is banking safety the strongest and where is it most vulnerable?

  • Which customer safety features will most differentiate financial institutions in the future?

  • Which key recommendations should banks prioritize to ensure customer safety?



Methodology





This study measures FIs based on customer-involved ID fraud capabilities that were selected based on Javelin’s annual Identity Fraud Survey Report, other consumer surveys that assess consumer propensity to adopt particular safety features, and ongoing dialog with industry experts. This report used phone-based mystery shopper investigations, as well as Javelin’s review of websites from the 25 selected financial institutions chosen for inclusion in the survey. Javelin selected these methods to ensure accurate findings that address all facets of customer security. The data was collected during August,

September and October 2009.



Using the mystery shopper approach, researchers called each bank or credit union’s customer service representative (CSR) in online banking, mobile banking, fraud prevention, and general customer service, requesting an experienced specialist. Researchers explained that they were consumers concerned about identity theft and had several specific questions about the FI’s identity theft prevention, detection, and resolution capabilities. In some cases, numerous customer service representatives were required to complete the survey, and whenever Javelin’s research specialists had reason to doubt the knowledge of a CSR the call was terminated and the process was repeated. The total quantity of required CSRs (on a per-FI basis) was recorded, along with the CSR’s name or employee number, when available, as well as the date and time of the call.



The required number of calls ranged from 4 to 7, with the average being just over six calls (6.2) to ensure reliable results. For an FI to receive credit for having a security feature the service must satisfy specific criteria; the service must be provided without a fee, except for selected criteria (credit reports and monitoring, partnerships with security vendors, and next-day replacement of debit card). In cases where a service is not provided to all of the FI’s customers, credit is given if the service

is provided to the majority of the customer base with a personal banking relationship.

FIs were scored according to their Prevention, Detection and Resolution™ capabilities.



The prevention category was weighted more heavily than detection and, in turn, more heavily than resolution, due to the greater potential cost savings associated with stopping fraud before it happens.1 Future versions of this report will build upon this research incorporating new capabilities and technologies as they become available.



Prevention:



FIs had the potential of scoring 45 points for prevention-related features, earning points for the following criteria: anti-phishing e-mail policies online, the prohibition of the use of the full Social Security number via phone, Internet, or mail transactions, the option to turn off paper statements, partnering with security vendors, the existence of multi-factor online and telephone authentication, mutual online authentication process online, having an extended validation certificate online at the user homepage (EV SSL), mobile banking access, review and release of suspicious transactions via online and mobile channels,

offering offline-only authentication for new accounts, mobile banking access without online banking sign-up, security education and tips for online and offline activities, vishing education, and offering user-defined limits (UDLAPS) on transaction size, card-not-present, and overseas transactions.



New scoring criteria for the 2009 prevention category included being able to enroll in mobile banking without online banking sign-up and providing a password manager (e.g., Trusteer or IDVault). Providing a password manager is a critical component for customer security because it prevents users from entering their login or password credentials at a fraudulent site.



Points were given for security information regarding online and offline activities that was readily accessible on the FI website. The preventative, educational tips must have been fairly easy to find and in a convenient place to keep consumers informed, thus keeping security top-of-mind. The same goes for partnering with security vendors – the link or information to do so must have been in a prominent location on the website.



Detection:



FIs surveyed had the potential or scoring 35 points for services that help customers detect identity theft and fraud. FIs earned points for offering the ability to order and pay for credit reports, credit monitoring services through the website, and for SMS and e-mail alerts. Account-related alerts included transaction size, online (CNP) purchases, overseas transactions, balance level alerts, online transfers, wire transfers, adding a new bill payments payee, new account setup, and statement notification. E-mail alerts that notify users of changes to their personal information included changes to PINs, login

passwords, physical addresses, e-mail addresses, and phone numbers, as well as the addition or subtraction of registered users.



Both SMS and e-mail notifications protect the safety of accountholders and give consumers warning about potential fraudulent activity, thereby assisting financial institutions, issuers, and consumers in the fight to reduce costs by mitigating fraud.



With half of all fraud being discovered by the fraud victims themselves (51%)2 and the cost of fraud equalling $48 billion in losses,3 it is critical to empower consumers to self-detect and self-monitor their accounts. This year, credit monitoring services and the ability to order and/or pay for credit reports were separated into two different categories, allowing FIs to receive more points for credit detection. Javelin recommends that customers review their credit information regularly, ensuring that all the accounts listed are their own.4 The importance of credit monitoring and being able to access credit information prompted the separation and increased scoring opportunities by FIs in this area.



Resolution:



FIs had the potential to earn 20 points for identity theft resolution capabilities. FIs earned points for offering 24-hour, seven day- a-week account suspension, providing immediate access to funds not compromised by an identity fraud attack, providing a dedicated resolution team (or outsourcing to ITAC), access to identity theft assistance online and over the phone, a 48-hour follow-up policy from CSRs, a zero-liability policy for funds lost to fraud by online banking, wire transfers, checks, and debit card transaction (by signature, PIN, or online), for next-day availability of stolen funds (provisional credit), and for providing a data breach resolution plan. No new scoring criteria was modified or added this year.



Other Surveys Incorporated:



Consumer data from Javelin’s annual Identity Fraud Survey was also used in this report. The survey is conducted each year using computer-assisted telephone interviewing (CATI) via random-digit dialling (RDD). The total number of respondents was 4,784 in 2008; 5,075 in 2007; 5,006 in 2006; 5,003 in 2005; 5,004 in 2004; and 4,000 in 2003. The survey targeted respondents based on representative proportions of gender, age, and income compared to all U.S. adult consumers. For questions answered by all 4,784 respondents, the maximum margin of sampling error is +/- 1.4% at the 95% confidence

level.



For questions answered by all 487 identity fraud victims, the maximum margin of sampling error is +/- 4.4% at the 95% confidence level. For questions answered by a proportion of all identity fraud victims, the maximum margin of sampling error varies and is greater than +/- 4.4% at the 95% confidence level. Additionally data was taken from a report on data breaches published in 2008. The report collected data from an online survey of a random-sample panel of 441 data breach victims in May 2008. The overall margin of sampling error is ±4.67 percentage points at the 95% confidence level.



Data was also taken from a Javelin report on personal finance management published in June 2009. This report used data from a survey collected from executives with each of the seven online-banking platform vendors.



Additional information was solicited during interviews with executives from the vendors, banks and credit unions and web-based start-ups. To evaluate products, Javelin asked each vendor to answer nearly 125 questions that delved into the availability of specific features and functionality.



The report also included data collected online from a random-sample panel of 2,714 respondents in March 2008 from Javelin’s report on mobile banking security standards. The survey targeted respondents based on representative proportions of gender, age and income compared to the overall U.S. online population. Overall margin of sampling error is ±1.88 percentage points at the 95% confidence level.



Finally, data was taken from the 2008 Financial Alerts Forecast, which was based on data collected online from several different surveys:



  • A random-sample panel of 2,350 respondents in March 2008. The overall margin of sampling error is ±2.86 percentage points at the 95% confidence level.

  • A random-sample panel of 3,367 respondents from August 2008. The overall margin of sampling error is ±1.70 percentage points at the 95% confidence level.

The surveys targeted respondents based on representative proportions of gender, age and income compared to the overall U.S. online population. Secondary data from public sources such as the U.S. Census Bureau and the Bureau of Labour Statistics was incorporated into the forecast.



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Kapersky Calls for Mass Adoption of Card Readers

Kapersky Calls for Mass Adoption of Card Readers