November 14, 2014 - A Georgia man who purchased stolen credit card data and other personal information through the identity theft and credit card fraud ring known as "Carder.su" was sentenced today to serve 115 months in federal prison. He was further ordered to pay $50.8 million in restitution.
November 14, 2014 - The Financial Conduct Authority (FCA) has found that many small banks and commercial insurance intermediaries fail to effectively manage financial crime risk. The two reviews published today follow related work by the FCA's predecessor on banks in 2011 and intermediaries in 2010.
November 13, 2014 - The UK's new Payment Systems Regulator (PSR) has set out its plans to regulate the £75 trillion industry via a package of measures intended to promote innovation and competition and provide fairer access to payment systems.
November 13, 2014 - MasterCard says a forthcoming wholesale upgrade of the 3DSecure protocol for authenticating online transactions will pave the way for the introduction of more secure biometric and token-based prompts and the ultimate eradication of static passwords.
November 13. 2014 - The war of words between retailers and banks over cyber-security failures has moved to the political stage, as lobby groups for both parties petition the political elite on Capitol Hill for legislative action to curb future data breaches.
November 12, 2014 - AIM Software has announced the results of its Global Reference Data Management Survey, conducted for the ninth consecutive year. The study was designed to inquire into the driving forces, challenges, and planned investments for reference data management. This year's survey was sponsored by SIX Financial Information and A-Team Group.
November 12, 2014 - Mocapay, a merchant-centric, mobile marketing and payments solution provider, and Merchant Link, a leading provider of payment gateway and data security solutions, today announced the formation of a business alliance that will empower merchants seeking innovative mobile payment and payment security offerings.
November 12, 2014 - The Financial Conduct Authority (FCA) has imposed fines totalling £1,114,918,000 ($1.7 billion) on five banks for failing to control business practices in their G10 spot foreign exchange (FX) trading operations: Citibank N.A. £225,575,000 ($358 million), HSBC Bank Plc £216,363,000 ($343 million), JPMorgan Chase Bank N.A. £222,166,000 ($352 million), The Royal Bank of Scotland Plc £217,000,000 ($344 million) and UBS AG £233,814,000 ($371 million) ('the Banks').
