Keyword

Legal

1025 articles tagged with this keyword

News Company updates Finextra TV Research Long reads

£14 billion lawsuit against MasterCard edges closer to UK courts

£14 billion lawsuit against MasterCard edges closer to UK courts

Lawyers handling a £14 billion class action lawsuit against MasterCard have handed in a 600-page sheaf of documents to the Competition Appeals Tribunal (CAT) in the UK in support of allegations that the card scheme imposed "illegal" interchange fees that were ultimately borne by UK consumers.

09 September 2016

Russian MP's son convicted of card hacking

Russian MP's son convicted of card hacking

The son of a Russian lawmaker has been convicted in a US court of the theft and sale of millions of credit card numbers.

26 August 2016

R3 blockchain consortium sheds light on Concord project

R3 blockchain consortium sheds light on Concord project

The bank-backed R3 CEV blockchain consortium has filed its first patent application, shedding light on Corda, the software that will be central to its shared ledger project, which could begin rolling out within months.

24 August 2016

Teenager avoids conviction for CommBank DDoS attack

Teenager avoids conviction for CommBank DDoS attack

A teenage hacker who knocked out Commonwealth Bank of Australia's online services as part of a cyber-campaign against a host of websites has avoided conviction.

19 August 2016

Police arrest Sage staffer over data breach

Police arrest Sage staffer over data breach

Police have arrested a Sage employee in connection with a data breach at the accounting and payroll software provider that may have compromised the bank account details of employees at 230 UK companies.

18 August 2016

US Marshals to auction off $1.6m in Bitcoin

US Marshals to auction off $1.6m in Bitcoin

The United States Marshals Service is set to auction off 2700 Bitcoin, currently worth around $1.6 million, that were obtained during various cases related to the Silk Road dark web marketplace.

09 August 2016

Brexit: What does it mean for derivative contracts?

Brexit: What does it mean for derivative contracts?

Simon Leifer, partner at D2 Legal Technology, says financial firms should not underestimate the time and effort that will be needed to check their legal and derivatives contracts to ensure that they are not caught out by the effects of Britain's exit from the European Union.

08 August 2016

Gang members jailed for blowing up ATMs

Gang members jailed for blowing up ATMs

Members of a gang which blew up a series of cash machines across Aberdeenshire in Scotland, stealing more than £130,000, have been given long prison sentences.

05 August 2016

JPMorgan settles debit card suit brought by ex-inmates

JPMorgan settles debit card suit brought by ex-inmates

JPMorgan Chase has agreed to pay nearly half a million dollars to settle a class action lawsuit brought by former prisoners who claimed that the bank was ripping them off with debit card fees.

04 August 2016

Yakuza arrested over massive ATM heist

Yakuza arrested over massive ATM heist

Japanese police have arrested 11 men, including a Yakuza, in connection with the theft of Yen1.8 billion ($17.3 million) from cash machines across the country in a co-ordinated two-hour raid in May.

04 August 2016

Fintech founder calls Aussie banks hyprocrites over Apple Pay complaints

Fintech founder calls Aussie banks hyprocrites over Apple Pay complaints

The founder of an Australian robo-advisor has accused the country's banks of hypocrisy over their cries of anti-competitive behaviour from Apple Pay

29 July 2016

Ex-Citi worker imprisoned for sabotaging bank's computer system

Ex-Citi worker imprisoned for sabotaging bank's computer system

A former Citi employee who knocked out 90% of the bank's networks across North America after a meeting with his supervisor about his work performance, has been sentenced to nearly two years in prison.

29 July 2016

Deutsche Bank warns of further cuts after fall in profits

Deutsche Bank warns of further cuts after fall in profits

A 98% fall in second quarter earnings has led Deutsche Bank to warn investors that it may need to cut more costs

27 July 2016

Aussie banks team up for Apple Pay legal challenge

Aussie banks team up for Apple Pay legal challenge

Four Australian banks are joining forces to negotiate with Apple and be allowed to offer their own payment services on the tech giant's hardware.

27 July 2016

Florida judge rules Bitcoin is not money

Florida judge rules Bitcoin is not money

A US judge has ruled that bitcoin is not money, dismissing money-laundering charges against a man accused of selling the virtual currency to undercover detectives.

26 July 2016

Arrests made in Taiwan ATM swindle

Arrests made in Taiwan ATM swindle

Police in Taiwan have arrested three of the 16 men allegedly responsible for stealing more than $2.5m from ATMs earlier this month.

18 July 2016

Lloyds Bank launches mentoring service for fintechs

Lloyds Banking Group has become the latest UK high street bank to launch a mentoring service for fintech startups.

18 July 2016

Credit card fraud ring bust sees 105 arrests

Credit card fraud ring bust sees 105 arrests

Cops in Europe and Malaysia have arrested 105 people accused of participation in a massive organised criminal enterprise that made counterfeit credit cards that were used to buy high-value goods worth millions of euros.

08 July 2016

MasterCard faces £19 billion UK interchange suit

MasterCard faces £19 billion UK interchange suit

MasterCard is facing a £19 billion lawsuit - claimed to be the biggest in UK legal history - over allegations that it imposed "illegal" card fees that were ultimately borne by UK consumers.

06 July 2016

Merchants score victory over Visa and MasterCard as court tosses $7.25bn interchange settlement

Merchants score victory over Visa and MasterCard as court tosses $7.25bn interchange settlement

In a win for merchants, a US federal appeals court has killed off a $7.25 billion class action settlement over interchange fees between millions of retailers and Visa and MasterCard.

30 June 2016