SAN FRANCISCO - (10/06/05) -- Pay By Touch Solutions, the pioneerin fingerprint biometrics that has been introduced at the checkoutline at hundreds of supermarkets, reported Wednesday it hasacquired ATM Direct, the provider of an all-software solution thatallows PIN debit payments online. ATM Direct has a patent pendingsoftware that allows for secure entry of an ATM or check card PINnumber for purchases made over the Internet, allowing real-timepayments just like cash. Separately, Pay By Touch announcedWednesday it raised $130 million this week with a new debtoffering. Pay By Touch has rolled out its fingerprint paymentterminal at Piggly Wiggly supermarkets, Albertsons and SuperValustores.
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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
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Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
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In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
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Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
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The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
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Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
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