credit unions

credit unions

"Major" credit-card breach reportedly hits Visa, MasterCard

arstechnica.com
Visa and MasterCard are alerting their card-issuer banks of a major breach of a US-based payments processor, according to published reports. KrebsonSecurity.com, citing unnamed sources, says as many as 10 million cards may be affected, while The Wall Street Journal, also citing unnamed people, identifies the compromised processor as...
"Major" credit-card breach reportedly hits Visa, MasterCard
Dwolla raises $16.5M from Andreessen Horowitz to revolutionize banking

Dwolla Partners With mFoundry, Bringing Real-Time P2P Mobile Payment Capabilities To 800+ U.S. Banks

techcrunch.com
Online and mobile digital cash network Dwolla is partnering with mobile banking and payments service provider mFoundry, the companies are announcing today at the BAI conference in Washington, D.C. This is Dwolla’s first publicly announced partnership with a financial service provider, and the deal opens its service up to mFoundry’s...
Dwolla Partners With mFoundry, Bringing Real-Time P2P Mobile Payment Capabilities To 800+ U.S. Banks

Islamic group promises to resume U.S. bank cyberattacks

www.csoonline.com
An Islamic group that has claimed responsibility for several waves of attacks on major U.S. banks since last September has promised to resume its assault next week using a lot more firepower. The group that calls itself the Cyber Fighters of Izz ad-Din al-Qassam claimed to have given a...
Islamic group promises to resume U.S. bank cyberattacks

OPERATION HIGH ROLLER: This Massive Cyber Attack Has Siphoned As Much As $2.5 Billion From World Banks

www.businessinsider.com
McAfee and Guardian Analytics have discovered a highly sophisticated and ongoing cyber attack that has siphoned as much as $2.5 billion from bank accounts in Europe, the U.S. and Colombia. The attack, named "Operation High Roller," does not require human participation but does involve a combination of "an insider level of...
OPERATION HIGH ROLLER: This Massive Cyber Attack Has Siphoned As Much As $2.5 Billion From World Banks

Visa's PayPal-Like Wallet Gains Traction With Partners; Will Consumers Follow?

allthingsd.com
Visa is now seeking consumers after signing up dozens of merchants and banks for its digital wallet platform over the past year. Images of Money Visa’s V.me service is similar to eBay’s PayPal, and other e-wallet services under development by MasterCard or American Express. The consumer benefit for all of these...
Visa's PayPal-Like Wallet Gains Traction With Partners; Will Consumers Follow?

Bync Syncs With Your Bank Account And Credit Cards To Send Your More Relevant Deals

techcrunch.com
Bync, a new startup launching today, will sync with your bank and credit cards in order to provide you with more relevant deals, offers and coupons which are sent out via email. You can think of it as the daily deals email that you actually want to read. The company began...
Bync Syncs With Your Bank Account And Credit Cards To Send Your More Relevant Deals

Mint Doubles Network to Include Nearly All U.S. Banks

mashable.com
Today, personal finance web app Mint is announcing that the number of financial institutions it works with — and the number of consumers it’s prepared to serve — will grow by leaps and bounds.Last fall, Mint was acquired for $170 million by Intuit, the makers of Quicken and TurboTax....
Mint Doubles Network to Include Nearly All U.S. Banks

MasterCard, VISA Warn of Processor Breach

krebsonsecurity.com
VISA and MasterCard are alerting banks across the country about a recent major breach at a U.S.-based credit card processor. Sources in the financial sector are calling the breach “massive,” and say it may involve more than 10 million compromised card numbers. In separate non-public alerts sent late last week,...
MasterCard, VISA Warn of Processor Breach

Dwolla FiSync’s First Banking Customer Goes Live, Eliminates ACH Delays With Real-Time Bank Transfers

techcrunch.com
A major milestone for disruptive mobile payments platform Dwolla: the company has just switched on FiSync, its real-time money transfer system which aims to replace the outdated – and much slower – ACH process. ACH, or Automated Clearing House, is the traditional means for making electronic payments here in the United...
Dwolla FiSync’s First Banking Customer Goes Live, Eliminates ACH Delays With Real-Time Bank Transfers

Security researchers identify malware infecting U.S. banks

www.pcworld.com
Security researchers from Symantec have identified an information-stealing Trojan program that was used to infect computer servers belonging to various U.S. financial institutions. Dubbed Stabuniq, the Trojan program was found on mail servers, firewalls, proxy servers, and gateways belonging to U.S. financial institutions, including banking firms and credit unions,...
Security researchers identify malware infecting U.S. banks

Mobile banking could be must-have option for consumers

www.zdnet.com
Over twice as many consumers at the nation’s largest banks are using mobile banking more than are those at credit unions, according to a new report....
Mobile banking could be must-have option for consumers

Bypassing Wall Street

www.avc.com
Ron Lieber has a column in today's New York Times called "A Financial Plan For The Truly Fed Up" where he lists some alternatives to investing your savings with the banks and brokerages that make up Wall Street. His roadmap is basically what the Gotham Gal and I have been...
Bypassing Wall Street

Facebook: Your New Online Bank?

www.businessinsider.com
America's favorite social network may soon double as an online bank.   The company is reportedly building an app with Australia's Commonwealth Bank that will allow customers to make payments to third parties and Facebook friends through the network, reports CNN. The bank will secure transactions using its own authentication...
Facebook: Your New Online Bank?

BillGuard Teams Up With Lemon's Mobile Wallet, Will Alert Users To Fraudulent Charges

techcrunch.com
BillGuard, the TechCrunch Disrupt NY 2011 runner-up offering credit and debit card users protection against fraudulent charges, is today formally announcing its integration with Lemon’s digital wallet application. The integration was actually soft-launched a couple of weeks ago, where it appears to users as a toggle switch beneath any supported...
BillGuard Teams Up With Lemon's Mobile Wallet, Will Alert Users To Fraudulent Charges

Cordray Faces Tough Crowd At First Senate Hearing

www.huffingtonpost.com
WASHINGTON -- Republicans on Tuesday welcomed Richard Cordray to his first Senate hearing as director of the new Consumer Financial Protection Bureau with a polite warning: Your time on the job could be short. "I can't imagine how anybody could maintain, under the circumstances, that your appointment and your service...
Cordray Faces Tough Crowd At First Senate Hearing

The Strange Case Of A $38 Million Enterprise Company That's Gone Missing

www.businessinsider.com
Just a few months ago, Pano Logic, an enterprise tech startup seemed to be have a bright future replacing oldfashioned PCs with up-to-the-minute cloud technology. Today, the company has shut down, its leaders have vanished, and its customers have been left hanging. The company's PR team has confirmed to Business...
The Strange Case Of A $38 Million Enterprise Company That's Gone Missing

Bitcoin | California Says the Bitcoin Foundation is a Money-Transferrer

www.wired.com
The California regulator that oversees the state's banks, money-transmitters and credit unions thinks the nonprofit organization that advocates for Bitcoin might be in the money sending business. So late last month Paul Crayton, a lawyer with the California Department of ......
Bitcoin | California Says the Bitcoin Foundation is a Money-Transferrer

Zillow posts record revenue of $32M, buys mortgage software firm Mortech

www.geekwire.com
Zillow CEO Spencer Rascoff Another day, another acquisition for Zillow. The fast-growing online real estate company today announced that it has entered into an agreement to purchase Mortech, a 25-year-old Lincoln, Nebraska software and services company that provides mortgage-related solutions to lenders, bankers and credit unions. It marks Zillow’s fifth...
Zillow posts record revenue of $32M, buys mortgage software firm Mortech
Over 50K Visa and Mastercard credit cards compromised, banks alerted
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