From the e-Secure-IT News Feed Reliance on passwords is biggest security threat, says hacking expert from ComputerWeekly at 30-6-2010) Passwords are fundamentally insecure and represent the biggest security threat facing organisations, says Jason Hart, senior vice-president for Europe at security firm Cryptocard. Hart, a former ethical hacker, is able to demonstrate how easily available software can be used by hackers to...
Just Say No to Overdraft Fees: Opt-Out Deadline for New Customers Begins July 1, 2010 Starting August 15th, (July 1st for customers opening an account at a new bank) your bank cannot charge you overdraft fees on debit card transactions UNLESS you opt-in. Instead, if you lack funds, your transaction will be declined at no cost. WASHINGTON, June 30 /PRNewswire-USNewswire/ -- Starting tomorrow, banks must obtain...
POSTED BY JOHN B. FRANK
Motley Fool Reports: ....But for one section of the bill, what began as a valiant attempt to score points for consumers and small businesses may end up haunted by unintended consequences. I'm talking about the regulation of debit-card interchange fees -- 1%-3% licks off the top of every purchase you make with a debit card, paid by merchants. Here's how it works: Say you make a $100 purchase at the grocery store, paid...
POSTED BY JOHN B. FRANK
Recipients Can Obtain Funds Even If Their Account Is Not With A Participating Bank, Providing Banks With Massive Opportunities For Customer AcquisitionTORONTO, June 29, 2010 – Mobile commerce solution provider CPNI Inc. (CPNI) announced today a significant enhancement to their person-to-person payment offering PATsend™. In the latest release of the PAT™ (Phone Authorized Transfer™) solution set PATsend provides bank customers, whose...
POSTED BY JOHN B. FRANK
Slashdot is reporting that 22 Million SSL Certificates in use are invalid: From the e-Secure-IT News Feed 22 Million SSL Certificates In Use Are Invalid (from Slashdot at 29-6-2010) While SSL certs are widely used on the Internet today, a new study from Qualys, set to be officially released at Black Hat in July, is going to show some shocking statistics. Among the findings in the study is that only 3% of SSL certs in use...
POSTED BY JOHN B. FRANK
Boston, June 30, 2010 -- The Canadian debit card market has been under increasing pressure in recent years to open itself to new card network schemes. Simultaneously, Canada's financial services industry has not been immune to the dynamics playing out in the rest of the world's market including the economic downturn, the rise of mobile and ecommerce payment forms, and the emergence of a more savvy and cost-conscious consumer.Mercator Advisory...
POSTED BY JOHN B. FRANK
Image via WikipediaIrvine, Calif., June 30, 2010 -- Global Cash Card, a leader in customized paycard solutions, and MasterCard Worldwide today announced the introduction of the GEM Program, an exclusive prepaid payroll card program for new Global Cash Card clients that offers educational benefits through the American Payroll Association (APA). The program facilitates payments to employees as payroll funds are automatically loaded onto...
POSTED BY JOHN B. FRANK
San Francisco, June 30, 2010 -- A new Javelin Strategy & Research report issued today – 2010 Mobile Banking Vendor Analysis: Detailed Comparison of Top 12 Providers and Strategies to Address Market Shifts – finds that by 2013, more U.S. adults will have smartphones than feature phones. This shift will break open the mobile banking market, which has experienced lack of consumer confidence and slow growth since its inception 10 years...
POSTED BY JOHN B. FRANK
Financial services firms face social media compliance challenges Marcia Savage, Site Editor Brokerages and other financial services firms turning to sites like Facebook and Twitter for marketing and customer outreach face a number of thorny social media compliance issues. Earlier this year, the Financial Industry Regulatory Authority (FINRA), which oversees U.S. securities firms, released Regulatory...
POSTED BY JOHN B. FRANK
FreedomPay Makes Payments and Transactions Safe, Secure and Convenient for BSA’s 2010 National Scout JamboreeWhen 40,000 Boy Scouts celebrate 100 years of scouting at this year’s Jamboree, pre-funded Smart Bracelets from FreedomPay mean Scouts and their parents will leave the cash at homeRADNOR, Pa.--(BUSINESS WIRE)--When 70,000 attendees comprised of 40,000 Boy Scouts and 30,000 visitors and volunteers convene this July in rural Fort A.P....
POSTED BY JOHN B. FRANK
FIS Announces Completion of Amendment and Extension of Existing Credit Agreement and Plan to Raise Additional Funds
JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS™ (NYSE:FIS), one of the world’s largest providers of banking and payments technology, today announced the completion of the amendment and extension of its existing credit agreement, and plans to enter into a new Term Loan B under the amended credit agreement.“We are pleased with the progress we have made towards finalizing the recapitalization and stock buyback program that we announced in...
POSTED BY JOHN B. FRANK
The premier provider of wholesale roadside assistance programs partners with Ceridian Stored Value Solutions to launch new corporate Prepaid MasterCard® cardLOUISVILLE, Ky.--(BUSINESS WIRE)--Ceridian Stored Value Solutions (SVS), a leading prepaid, gift card, and stored value solution provider, has partnered with Vehicle Administrative Services, Ltd.(VAS) to implement Maintenance Pro Plus (MPP) Direct Vehicle Maintenance...
POSTED BY JOHN B. FRANK
