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Mastercard gains regulatory approval to acquire VocaLink
Mastercard says the UK’s Competition & Markets Authority’s decision has cleared the way for the completion of the company’s planned acquisition of VocaLink. The CMA gave final approval for the proposed set of remedies that address the competition concerns the CMA identified earlier this year. The deal is now expected to close in the coming weeks. “We [...]
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PSD2: Towards a platform approach — what banks need to know
Open innovation is undoubtedly one of the drivers behind PSD2. However, the trend towards open banking and APIs is a global one that goes beyond European legislation. And effects more than just technology or IT departments within banks. In the last blog Open for business? I looked at parallels between the telecoms and financial services [...]
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Security scans on 60,000 websites shows 78% of e-commerce websites at risk
Security scans performed on 60,000 Magento websites, the most popular e-commerce platform, show that 78% are missing critical security patches, while 5% are confirmed to have payment card data harvesting malware stealing their customer details. The findings follow a number of high profile breaches of customer data over the past year, involving companies including Oracle, [...]
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US set to relax rules for banks – too big to fail problem solved
Jamie Dimon, the CEO of JP Morgan Chase has come out in support of Donald Trump’s move to relax financial regulations, saying that the slew of new rules put in place since the crisis has essentially “solved” the problem of banks being “too big to fail”. In Dimon’s annual letter to shareholders, the chairman and chief [...]
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Breach Level Index – Cyber criminals mining for database gold
The 2016 Breach Level Index Report has been published revealing that cyber criminals managed 1,792 data breaches leading to almost 1.4 billion data records being compromised worldwide during 2016, an increase of 86% compared to 2015. Identity theft was the leading type of data breach in 2016, accounting for 59% of all data breaches. In addition, [...]
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