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The Critical Role of Artificial Intelligence in Payments Tech

Long an obsession of science fiction writers, "artificial intelligence" in the modern era of fast-paced technological innovation is a term that is as ubiquitous as it is nebulous. For the payments technology industry, however, the term describes advanced analytical technology that has an outsized po...

Mobile Chrome Hoax Could Target Android Users

A new method for hiding the true location of a website from users of the mobile Chrome Web browser has come to light. Phishers can trick users into revealing their credentials for a legitimate website to operators of a malicious one, security researcher James Fisher reported. Scammers can exploit mo...

Android Apps Riskier Than Ever: Report

Widespread use of unpatched open source code in the most popular Android apps distributed by Google Play has caused significant security vulnerabilities, suggests an American Consumer Institute report. Thirty-two percent -- or 105 apps out of 330 of the most popular apps in 16 categories sampled -- ...

Google Gives Vets New Job Search, Business Promotion Tools

Google has announced several new online tools designed to help former members of the military find jobs or attract new customers to their businesses. One tool allows vets to type in the search term "jobs for veterans" followed by specific military job codes to see civilian jobs with skill requiremen...

Angry Customers Likely to Ditch Wells Fargo’s Wagon

Wells Fargo Bank will lose customers in droves because of the scandal over fraudulently opened accounts and other issues, based on the results of an online survey cg42 conducted last week. More than 85 percent of the respondents -- 1,500 primary customers of the top 10 U.S. retail banks, including 1...

CFPB Report: Consumers Have Bones to Pick With Banks

The Consumer Financial Protection Bureau on Tuesday released its August complaint snapshot, which indicates that consumers across the country have been filing a large number of complaints about access to banking services. Further, many consumers complained that when they tried to open new accounts, ...

Microsoft Tells Devs to Talk to the Bots

Microsoft CEO Satya Nadella and members of his leadership team, speaking to developers Wednesday at the Build 2016 conference, introduced their vision to infuse human speech and machine learning into the company's consumer and enterprise businesses, positioning Microsoft as a major player in the clo...

Top 10 Open Source Developments of 2015

Open source is driving an ever-expanding market. The notion of community-driven development is a growing disruption to proprietary software controlled by commercial vendors, and the free open source software concept has become a major disruption in industry and technology. Open source is so pervasiv...

Android Stomps Onto Mobile Pay Battlefield

Google is rolling out Android Pay, its answer to Apple Pay. Android Pay allows shoppers to make purchases at more than a million retail locations across the U.S. It also stores gift cards and loyalty cards, and provides special offers directly to a user's mobile device. Android Pay is compatible wit...

Citibank Dinged $700M for Scamming Credit Card Customers

The Consumer Financial Protection Bureau last week ordered Citibank and its subsidiaries to pay about $700 million in relief to eligible consumers and a $35 million civil penalty for, in essence, scamming consumers into paying for unwanted credit card add-on products and services. This is the 10th a...

CFPB: Mortgage Servicers Still Rooking Consumers

Mortgage servicers got a bad name during the subprime mortgage crisis, but despite that reputation damage, and despite new laws designed to get them on the straight and narrow, they're still up to their tricks, the Consumer Financial Protection Bureau has found. Between January and April, many servi...

Data Breach Law Tops Obama Privacy Initiatives

A proposed national data breach reporting law, aimed primarily at protecting consumer privacy, headlined several initiatives the Obama administration announced Monday. The Personal Data Notification & Protection Act clarifies the obligations of companies when there's been a data breach. It inclu...

SPOTLIGHT ON SECURITY

FIDO Pursues Vision of a Password-Free World

A group of some 150 companies last week moved closer to eliminating the bane of many an online user: the password. The FIDO Alliance, which counts among its members Microsoft, PayPal, Google, Bank of America, Visa and MasterCard, released version 1.0 of its open specifications for strong authenticat...

FIDO Alliance Launches ‘Password Killer’ Spec

The Google-supported FIDO Alliance this week achieved a key milestone in its mission to end the use of passwords by releasing version 1.0 of its namesake open standard. "Today, we celebrate an achievement that will define the point at which the old world order of passwords and PINs started to wither...

Elon Musk's Dec. 2 action to release The Twitter Files: Approve or Disapprove?
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