1186 articles tagged with this keyword
News/Legal
European authorities have dismantled an international ATM skimming network, arresting 15 people.
21 November 2008
Thieves have blown up four St George Bank cash machines with acetylene gas in Sydney, Australia, successfully stealing money from one.
19 November 2008
Lehman Brothers has been hit with a $5 million lawsuit filed on behalf of over 100 former employees by a computer programmer who was laid off by the failed investment bank.
06 November 2008
Two men who purloined the details of thousands of credit cards from Chip and PIN terminals and used them to make counterfeits before stealing over £1 million have been jailed at a London Court.
29 October 2008
After reaching a $2.75 billion settlement with Visa and MasterCard, Discover Financial Services says it is in "dispute" with Morgan Stanley over the proportion of the money it should hand over to its former owner.
28 October 2008
An online criminal forum that was used by thousands of fraudsters to buy and sell stolen credit card and bank details has been shut down following a two year FBI-led undercover operation.
17 October 2008
US online person-to-person lending exchange Prosper has stopped accepting new loans as it looks to register its business with federal regulators.
UK-based ID Data Group says its core unit - ID Data Limited - has filed for administration in a last-ditch attempt to secure a sale of the business.
16 October 2008
The European Commission (EC) says it is proposing an extension of existing regulations to ensure that cross-border direct debit payments made in euros cost the same as domestic transactions.
15 October 2008
Thousands of Japanese police officers have been guarding ATMs around the country today in a bid to stop elderly people falling victim to fraudsters, according to press reports.
Barclays Capital has been forced to file a legal relief motion relating to its acquisition of Lehman Brothers' US assets after a reformatting error with an Excel spreadsheet resulted in 179 contracts being mistakenly included in the purchase agreement.
Discover Financial Services has settled a long running anti-trust lawsuit that accused rivals MasterCard and Visa of blocking access to the bank-issued card market in the US.
14 October 2008
The European Commission (EC) has set out proposals for a legal framework governing the issuance of electronic money which it hopes will accelerate take-up of the technology.
13 October 2008
A Romanian man has pleaded guilty in a US court to charges related to a phishing scam that saw him defraud over 7000 victims of around $700,000.
10 October 2008
ING Direct - the Web and telephone banking business of Dutch group ING - is acquiring £2.5 billion worth of retail deposits held by UK customers of Kaupthing Edge, the Internet-only arm of the Icelandic bank, under a deal backed by the UK Treasury.
08 October 2008
Multi-lateral trading facility Chi-X Europe says its trading participants can now provide their clients with a "sponsored access" direct connection to its matching engine after the Financial Services Authority (FSA) approved the move.
07 October 2008
Dutch scientists have finally published a research paper outlining security flaws found in the Mifare chips used in Transport for London's Oyster smart cards.
West Coast bank Wells Fargo says it expects to incur merger integration costs of $10 billion as it agrees a deal to acquire Wachovia, snatching the North Carolina-based bank from under the nose of FDIC-approved suitor Citi.
03 October 2008
Digital cash transfer outfit E-Gold has retained KPMG to help improve its anti-money laundering (AML) programme following a criminal case that saw directors plead guilty to charges relating to money laundering and the operation of an illegal funds transfer business.
Canadian police have arrested and charged a married couple that allegedly ran an ATM card skimming operation in Toronto.
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