Earlier this year, a team of hackers tried to steal vast quantities of cash using vulnerabilities in the Swift international payment system. Now, another similar hack has occurred.
American Express has warned its customers that they may have had their personal information stolen during a data breach—which happened in 2013.
Samsung Pay will soon start working with bank cards from: Chase, PNC Bank, TD Bank, SunTrust, Fifth Third Bank, Key Bank, Silicon Valley Bank, Security Service Federal Credit Union, Navy Federal Credit Union, Virginia Credit Union, Associated Bank, Randolph Brooks Federal Credit Union and People’s United Bank. Phew.
New York and DC are piles of ash, but at least your checks are clearing. That was the idea behind the Culpeper Switch, a sprawling bunker built by the Federal Reserve to keep the banks running after nuclear apocalypse. But even some Cold War-era politicians thought it was silly.
Bizarre ads for TransferWise, a P2P money-transfer system, have cropped up overnight in NYC's subways. I had many questions: who is this guy? Why his face? What is he selling me? Turns out the more you try to learn about TransferWise, the sketchier the whole thing becomes.
LifeLock announced in a blog post that the company's Wallet app for Android and iOS may not be fully compliant with PCI security standards. Because of this, LifeLock has pulled the app—and set it to automatically delete users' data the next time it's opened. Talk about a thorough cleaning.
Everybody's favorite start up bank is no longer a startup. Simple has been acquired by BBVA, a massive multinational banking group with $820 billion in assets, for $117 million in cash. So say goodbye to your dream of future-forward, independent banking folks. Say goodbye.
Some enterprising minds and one of the world's biggest insurance markets is opening a pretty futuristic bank vault in London. But it's not futuristic for having fancy locks or laser trip wires. It's futuristic because of what's inside: Bitcoin.
Over a year after rumors first surfaced, Google has finally unveiled the Google Wallet Card, a physical debit card that you can use to spend money from your Wallet account. The Mastercard-powered piece of plastic works just like a regular debit card and is available right now.
Online banking on your smartphone is one of those wonderful services that lets you avoid overdrafts, or more importantly, awkward, "your credit card has been declined" moments. But entering an online banking password on an itty bitty keyboard problem is no fun.
The way we deal with money is constantly changing — as is the nature of money itself. You can absolutely expect your money to change over the coming decades. In fact, the world of finance is on the cusp of revolutionary change.
For a few brief, shining hours, one fated East Texas man become the world's very first trillionaire. And he owes it all to what may be the greatest 404 error to ever grace god's green Earth.
Ever heard of Goldman Sachs Structured Products Limited? How about GS Holdings L.L.C. II.? No? Both are nodes on a web of more than 4,000 holding companies, woven by the Goldman Sachs Group to evade taxes on its—let's see here—$8.61 billion in profits for Q2. It's an incredibly complex operation, and thanks to this…
While nearly everything is moving over to a mobile experience, banking remains one of the last vestiges of the old world. But even that is slowly changing with the likes of Simple, a bank-less mobile service that mashes up the best bits of your existing bank and services like Mint. One of Simple's greatest features,…
The days of having to remember your childhood dog's mother's maiden name or what street your first high school mascot lived on could soon be a thing of the past. Barclay Wealth has recently introduced a verification system that uses biometrics, rather than random facts, to confirm your are who you say you are.
A signature-based security approach is only effective if a cashier actually double checks what's scrawled across the back of a credit card. And even then, there's still plenty of opportunity for fraud since minimum wage clerks usually aren't capable of spotting a forged signature—but one day your credit card might be.