In the history of bank robberies, the £30 million stolen by the Eurograbber attack in 2012 ranks as one of the all-time biggest, globally. And when you consider that this sum was stolen from more than 30,000 accounts across 30 banks in four European countries, using malware that affected both PCs and bank customers’ mobile phones, it must also rank as one of the most sophisticated thefts ever discovered, writes Terry Greer-King, UK managing director of Check Point*.
Steven Chuey, VP Telecommunications Industry, Unisys Corporation and Robert Johnson, Distinguished Engineer, talk to telecoms.com at MWC2013 about the implications of tens of billions of interconnected devices driving several billion terabytes of data over the next several years. What goes on behind the scenes and how can service providers be prepared?
Jorn Lambert, Group Executive, Digital Convergence, MasterCard Worldwide talks to telecoms.com and Banking Technology about the world of payments ‘beyond plastic’, moving into the digital space.
Indian bank ICICI and local mobile operator Aircel have launched a mobile financial services offering using Visa’s hosted platform solution. The platform is intended to make it easier and more cost-efficient for mobile operators and financial institutions to offer mobile financial services to consumers.
The banking industry, integral to our commercial and personal lives, has always evolved with the times to embrace new challenges and consumer attitudes. Technology plays an obvious and increasingly important role in this evolution, writes Clayton Locke, chief technology officer at Intelligent Environments.
There is certainly something in the air with mobile payments. Long talked about in mobile, technology and banking circles, it seems that the idea of using a phone to make purchases and move money around is finally coming to fruition.