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February 19, 2007

Kroes Plans To Investigate Visa Interchange Fees

Reuters reports that EU Competition Commissioner Neelie Kroes has said in a speech in London today that she plans to take another look at Visa's business practices after an antitrust exemption Visa negotiated in 2002 runs out.

Update On Bank of America Mobile Banking

NetBanker's Jim Bruene reports that Bank of America has begun using its bankofamerica.mobi domain - likely in preparation for its new mobile banking initiative announced last week. Bruene points out that he found a number of banks that had apparently failed to register a .mobi (for "mobile") domain name. Click here to visit www.bankofamerica.mobi.

Stop & Shop Reports Possible Credit Data Compromise

Peter J. Howe reports for the Boston Globe about a possible data breach compromise at Stop & Shop supermarkets following discovery that some of the merchant's POS readers had been tampered with.

Consumers Attitudes About Credit Card Debt

Walecia Konrad writes for Bankrate.com about results from a recent survey of 1,014 adults conducted for Bankrate by GfK, Roper Public Affairs and Media. The survey found that "twenty-five percent worry about how they are going to pay their credit card bills each month and 28 percent feel guilty about how much money they are putting on their cards."

An Interview With PayPal CISO Michael Barrett

In the latest issue of Computerworld, Jaikumar Vijayan interviews Michael Barrett, PayPal's chief information security officer, about how he deals with PayPal's most significant security challenge: phishing attacks. "While we have a great deal of grudging respect for the intelligence and determination of our adversaries, we ultimately want to see them in handcuffs and orange jumpsuits," Barrett says.

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