The US carriers have tried to control mobile services and mobile commerce, and all they have succeeded in doing is killing it. The barriers to providing applications are so high that the content is just uninteresting and expensive.
Although share buybacks and dividend increases are a possibility, many predict a rush of deal-making over the coming year, as banks seek ways to boost earnings and help them compete against larger rivals. This could involve anything from small "bolt-on" acquisitions to bigger and riskier ones, with some banks even contemplating large, cross-border European deals.
Unlike previous credit cards issued in China by foreign banks, the American Express and Citibank cards allow payment not only in dollars but also in Chinese currency. That makes the cards viable for ordinary consumers.
More on the story in this press release from American Express.
Phishing emails don't need to be sophisticated to lure the unwary. Indeed, there's some evidence those behind the more convincing looking emails masquerading as bank emails are also behind a spate of key-logging trojans, which use basic methods to fool the recipient into making them active.
The average cost of sending 200 dollars from the United States to Latin America was 7.9 percent, the IADB study showed. Ecuador was the cheapest at 5.4 percent and Cuba the most expensive, at 12.1 percent. Even though the cost is half of what it was five years ago, officials say it must be cut more.
SpoofGuard is a browser plug in that is compatible with Microsoft Internet Explore. SpoofGuard places a traffic light in your browser toolbar that turns from green to yellow to red as you navigate to a spoof site. If you try to enter sensitive information into a form from a spoof site, SpoofGuard will save your data and warn you. SpoofGuard warnings occur when alarm indicators reach a level that depends on parameters that are set by the user.
A white paper describing SpoofGuard is available for download.
Another Stanford effort is targeted at user tendencies to use a common password across multiple sites. Web Password Hashing provides a client side solution to hashing the user's password with the domain name of the web site to create a unique password specific to that site. A PowerPoint presentation on this technique is available for download.
Does it seem as if you can trigger those penalties just by breathing these days? You aren't far off: Over the past few years, credit-card companies have become increasingly dependent on the fees they charge users. In 2001, fee income represented 28% of credit-card companies' total income, according to CardWeb.com. Over the past five years, this figure has increased by 172%.
A rapidly growing form of Internet fraud is a practice known as “phishing.” This fraud can lead to financial loss, identity theft, and loss of customer confidence in your institution. The purpose of this memorandum is to familiarize you with the characteristics of phishing, and to encourage you to implement safeguards that will reduce the likelihood of your institution’s customers becoming victims of this fraud.