Authentication & Security

PayPal Mobile API Reveals a Security Flaw

A vulnerability has been revealed in PayPal’s payment services which could allow a cybercriminal to bypass security filters. This would allow a hacker to get unauthorized access to a blocked users’ PayPal account. This security vulnerability has been found to reside in the mobile API authentication procedure. What does the...

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BankTech

French Bank to Allow Customers to Tweet Money

Groupe BPCE, one of France’s largest banks, is teaming up with Twitter to enable money transfers for its customers via tweets. The second largest bank in France, by number of customers, is leveraging Twitter’s drive to enable online payments via its social network. Twitter is looking for new sources of...

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Payments

Stratos raises $5.8 Mn to develop COIN like product

Stratos is developing an all-in-one, connected credit card and wishes to disrupt the credit card industry. The company recently announced $5.8 Mn in funding and is going ahead aggressively with manufacturing of its product. The additional capital will help the company accelerate and scale up recruiting and manufacturing. The smart...

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Blockchain

Marc Andreessen says Let’s Talk Payments

Marc is the most prolific VC investor, thinker, mentor in the tech space. Why do we say that? He has invested and has been associated with Facebook, Twitter, Dwolla, Boku and many others. If Warren Buffet is the Oracle of Omaha, Marc is the Valley guy with the Midas Touch....

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Authentication & Security

Mobile Malware becomes a new Threat to Mobile Payments

The Mobile Cyber Threats report (a new joint report by Kaspersky Lab and INTERPOL) analyzed mobile malware data collected for over 5 million smartphones and tablets. The data was collected from the cloud based Kaspersky Security Network with devices under observation running Kaspersky security products. Android’s global dominance in mobile...

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Authentication & Security

5 Coin-like Products in the Payments Space

The ever-increasing number of cards (credit, debit, prepaid) carried by an average person in her wallet is a real problem to solve. Companies like Coin offer a new kind of hardware that enables users to store all their plastic cards on a single card and manage it using the smartphone....

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