News

Security & Fraud
Did National Australia Bank Spy On Its Customers?
June 21, 2016

Concerns about privacy breaches and unfair competition are on high after reports that National Australia Bank (NAB) is being tipped off when any of its business banking customers applies for a loan from a rival financial institution. The bank confirmed that it does, in fact, receive...

Retail
Bye-Bye Amex, Hello Visa: Citi’s Costco Card Debuts
June 21, 2016

Costco has bid adieu to American Express with its Visa-enabled cards finally in play. The wholesale retail giant said that, starting Monday (June 20), it has begun accepting Visa-branded credit cards at its warehouse and gas locations in the U.S. and Puerto Rico. The company also announced...

International
Trulioo’s Digital Identity Footprint Expands To Brazil
June 21, 2016

Canadian-based identity verification company Trulioo announced on Monday (June 20) the expansion of its business opportunities through The Fintech Mission to Brazil program. The initiative, which is supported by the Consulate General of Canada, Global Affairs Canada (GAC) and Industrial Research Assistance Program (IRAP), is...

Security & Fraud
Chinese Cyberespionage On The Decline, According To Experts
June 21, 2016

Today, in genuinely rare reporting, some good news on the cybersecurity front. According to recent reports from FireEye, the U.S. network security company most associated with fending off Chinese hack attacks, it seems the Chinese are making good on their September pledge to knock off state...

International
Will New India Rules Pave Way For Apple?
June 21, 2016

The opening of India may benefit a lot of companies, including tech companies coming in from the West. And that roster features one very large firm bearing a fruit imprimatur. Reuters reported on Monday (June 20) that India is introducing “sweeping reforms” that span the nation...

Acer Hack Compromises Card Data Of 34.5K Customers
June 21, 2016

Computer manufacturer Acer announced that hackers may have stolen the payment credentials of thousands of its customers. To be more specific, it could be somewhere in the range of 34,500 customers across the U.S., Canada and Puerto Rico, according to a letter from the company....

International
Wall Street’s Brexit Warning
June 21, 2016

Ahead of the anticipated (feared?) Brexit vote later this week, a number of U.S. banks have sent a shot across the bow to regulators detailing how Britain’s decision to leave the European Union — if it happens — could impact those banks. Of the 33...

Investments
Kellogg’s Launches Food Startup VC Fund
June 21, 2016

The Kellogg Company — yes, the cereal and food giant — is in the midst of launching a corporate venture business, which will focus on food and related technology firms for investment purposes. To be known as Eighteen94 Capital — the year the founding Kellogg brothers...

‘Bitcoin Creator’ Building Digital Currency Patent Portfolio
June 21, 2016

Remember Craig Wright? To refresh those memories, he’s the Australian computer scientist who is claiming to be bitcoin’s inventor (AKA Satoshi Nakamoto). He recently went as far as claiming that he would prove he was the creator but backed out, saying he couldn’t “be the...