Tag: BANKS

Visa announced plans on Wednesday for a new personal payments service, with which U.S. customers can send or receive funds from any Visa credit, debit or prepaid bank account across the world. Much like with PayPal, customers with Visa accounts at participating banks will be able to swap money by entering the sixteen-digit account number, e-mail address or cell phone number associated with the ...

A U.K. man's iTunes account was compromised last week, leading to about £1,000 (around $1,600) in fraudulent monthly gift purchases made from his bank account. According to the Register, the man awoke to an e-mail confirming he'd purchased an iTunes monthly gift -- a way to give somebody an allowance to use in the online store. Since Peter didn't remember making the purchase or recognize ...

A new piece of banking malware has finally surfaced, confirming fears that have been circulating for several months. The new worm combines elements from both Zeus and SpyEye, but, according to Seculert CTO and co-founder Aviv Raff, it has only infected a handful of people so far. Seculert's screenshots show that the malware has two control panels -- one resembling Zeus's, and the other ...

It's no secret that Goldman Sachs wants to cozy up with Facebook, but it looks like both parties will have to put wedding plans on hold, as the bank has suffered a major blow to its carefully laid investment plans. After investing $450 million in the social network earlier this month, Goldman reportedly turned its attention to raising an additional $1.5 billion from its top clients through an ...

A Swiss former banker has provided WikiLeaks founder Julian Assange with confidential information on hundreds of offshore bank accounts. The whistleblower, Rudolf Elmer, used to work in the Cayman Islands, where he headed the office of Julius Baer, a Swiss bank. He was fired in 2002, but is apparently intent on exposing the abuses of the offshore banking industry to the rest of the world. At a ...

Earlier this month, AT&T and Verizon announced a joint venture to test a new system that would allow customers to pay for products with their smartphones. Now, Bank of America and Visa have followed in their footsteps, and, as Reuters reports, will begin testing their own smartphone-payment system next month.The test run, which will take place in New York from September through the end of ...

High-tech criminals have apparently adopted a decidedly low-tech methodology in the latest banking scam. Hackers are forging and cashing checks in order to slip past their victims' defenses. Rather than snagging passwords and initiating electronic transfers, these scammers are hacking into sites that store images of checks for banks, check cashing outlets and other businesses. From these images, ...

As mobile banking becomes more popular, security threats will grow -- unless banking institutions keep a close watch on their customers' personal information. According to The Wall Street Journal, users of Citibank's iPhone application were recently exposed to a security threat because a previous version of the app had stored personal information -- including account numbers, bill payments and ...

Mobile banking apps are a dime a dozen, but a recent update to JPMorgan Chase's free iPhone app really makes it stand out from the rest. Now, customers can deposit checks to their account via iPhone snapshots. It's as simple as logging into your account on the Chase Mobile iPhone app and snapping a photo of both the front and back of the check. Soon after, it will land in your account without the ...

If you blame your credit card for making it all too easy to unconsciously rack up piles of debt, just imagine the kinds of splurge purchases you'd make if you could pay with your face. FaceCash, the new mobile payment system from ThinkLink, is an app that allows users to store credit card and bank account information directly on their smartphones, enabling them to purchase groceries, clothes or ...

We already know that debt collectors are turning to social networks to gather information about financial delinquents. Now lending institutions are trying to stop customers from even getting to the point of having to be trailed by a debt collector by turning to Facebook and Twitter for clues. The Pittsburgh Post-Gazette reports that officers at the Lending Club and other financial ...

Share Last November, Florida dentist Robert Thousand, Jr. was the victim of a denial-of-service attack where crooks initiated transfers totaling $399,000 from Thousand's Ameritrade retirement account. When Ameritrade attempted to call Thousand to confirm the transfer requests, Wired reports, the thief (or thieves) used several VoIP accounts and automated dialing software to tie up Thousand's ...

Rather than swipe a plastic card, some bank customers in Poland only need their fingertips to withdraw money. According to Popular Science, the BPS SA bank in Warsaw, Poland recently became the first in Europe to install a biometric ATM. Thanks to Hitachi's "Finger Vein" technology, customers simply place their index finger on a scanner that reads their vein pattern and then identifies exactly ...

Robbing a bank may no longer be the cinematic feat it once was, but as one North Carolina banker has proven, it can now be way more insidious. 37-year-old Rodney Reed Caverly, from Charlotte, has been charged with one count of computer fraud after allegedly installing malware on several Bank of America ATMs over a seven-month period ending in October 2009. As Wired reports, the former Bank of ...

What's the ideal tour guide through one of the largest banks in the world? A sleek and shiny red robot, of course. According to Engadget, Santander's Group City in Madrid enlisted YDreams to craft a fleet of robots to help visitors around the nine massive buildings that make up the bank's complex and that house about 5,500 employees. Upon entering the bank's visitor center, you walk up to a ...