Regulation

Mobile Commerce
300,000 Servers Still Vulnerable to HeartBleed
May 12, 2014

Just over one month after its initial detection, 300,000 servers are still at risk from penetration by the HeartBleed security bug, according to independent security researcher Robert David Graham. Graham found through a global scan of 1.5 million servers using the “heartbeat” feature of OpenSSL, the...

Breach Round Up
Social Media Latest To Feel Security Flaw Impact
May 10, 2014

Another week, another discovered security flaw. This week’s flaw, dubbed “Covert Redirect,” allows cyber-attackers to disguise themselves as log-in popups based on an affected site’s domain. Social media sites are among those affected, leaving potentially millions of users at risk of having personal information stolen.

B2B Payments
Deutsche Bank Opens Up In Shanghai’s Free Trade Zone
May 09, 2014

Deutsche Bank has opened a sub-branch in Shanghai’s free trade zone, offering a range of capital market solutions to corporate and financial firms. The bank will provide cash management and trade finance services with a focus on cross-border transactions after the approval from China Banking...

News
ITBIT Hires First Chief Compliance Officer for Digital Currency
May 09, 2014

The digital currency exchange hires its first Chief Compliance Officer from PayPal and new Director to focus on U.S. operations.

International
New CEO Seeks Client Stickiness From Shift In Global Cash Access’ Sales Strategy
May 07, 2014

Instead of concentrating sales on individual products, Global Cash Access has begun bundling its products aided by a kiosk under a strategy change for the gaming cash-access specialist implemented by new CEO Ram Chary. Chary replaced David Lopez as the company’s leader in January and...

News
Holder: No Such Thing As “Too Big To Jail”
May 06, 2014

In reference to charges that federal prosecutors are bring against two European banks, Attorney General Eric Holder said publicly Monday that no company is “too big to jail.” Federal authorities are investigating BNP Paribas for allegedly processing transactions that violate U.S. sanctions and Credit Suisse...

B2B Payments
Jordan And The World Bank Discuss Public Procurement Systems
May 06, 2014

Several ministers in Jordan and World Bank experts on Monday emphasized the need to finalize the unified procurement bylaw, which is currently being debated at the Opinion and Legislative Bureau. The finance, public sector development, health, and public works ministers met with a team from...

News
Target CEO Steps Down After Data Breach
May 05, 2014

CEO Gregg Steinhafel has agreed to step down five months after the data breach compromised 40 million customers.

News
Bitcoin to Finance Politics?
May 05, 2014

Alderman Mark Clear became the Wisconsin’s first candidate to embrace bitcoin as a means to finance his campaign. “I suppose if one wanted to be overly precise, the donation of Bitcoin could be considered an in-kind, which then the campaign ‘sold’ for cash, but that seems...