Isis, a consortium of three major U.S. wireless carriers, has reportedly decided to back off plans for a new, separate mobile payment network and will instead work within traditional systems that include major credit card processors such as Visa and MasterCard for mobile transactions.
Some U.S. companies may unwittingly be funding businesses in China to the tune of millions of dollars.
Convicted hacker Albert Gonzalez, who is currently serving a 20-year prison sentence after pleading guilty to the massive hacks at TJX, Heartland and numerous retailers, now claims that he thought he was authorized and directed by the government to carry out the illegal activities.
Isis, a joint venture of three U.S. wireless carriers, on Tuesday announced that it's planning a pilot of smartphone-based mobile wallet technology in Salt Lake City in 2012.
Forget about insider trading. Use Twitter.
Bank of America has named Patrick Gorman, a veteran government and corporate technology executive, as its new chief information security officer.
CIOs should focus on content creation while sharing non-core infrastructure with other institutions, according to Commonwealth Bank group executive for enterprise services and CIO, Michael Harte.
In a highly unusual move, electronic payment vendor VeriFone Wednesday said it found a 'gaping' security hole in a free plug-in mobile credit card reader from Square, a startup launched by Twitter founder Jack Dorsey.
The cost of a <a href="http://www.networkworld.com/news/2011/030311-security-roundup.html?t51hb&hpg1=mp">data breach</a> went up to $7.2 million last year up from $6.8 million in 2009 with the average cost per compromised record in 2010 reaching $214, <a href="http://www.networkworld.com/news/2010/012510-data-breach-costs.html">up 5% from 2009</a>.
Just over a year ago, Tohru Futami, CIO and managing director at AIG Edison Life Insurance Co. in Japan, knew that his company needed to upgrade its core applications -- the systems were seven years old and often didn't let the back office and the sales staff share information in a timely manner. Furthermore, some of the company's processes were still paper-based.
Cybercriminals in Eastern Europe have begun using a dangerous new malware program to steal from online bank accounts in the U.S.
The London Stock Exchange has taken steps to resolve a <a href="http://www.computerworlduk.com/news/it-business/3261177/london-stock-exchange-investigating-potential-system-problem-on-closing-auction/">system problem</a> that occurred at 4.30pm yesterday (Tuesday), which saw a delay to the start of the closing auction and knocked out automatic trades during a 42 second period.
It's almost March and that means tax day is marching relentlessly closer. As always, the major providers of tax prep software have tweaked their offerings and are competing for your business.
Visa has excluded U.S. businesses from a worldwide program that spurs merchants to deploy more secure payment terminals, because of what it claims is the uncertainty surrounding new debit card rules.
Banks in New Zealand are having to make changes to the operation of their retail payments systems, because of a new Reserve Bank requirement to settle retail transactions five times a day -- as opposed to the once-a-day settlement that currently occurs.