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Mobile under attack
LTE mobile communication was designed to be secure through the use of authentication and encryption between users and base stations. But even this has been compromised, with a new method discovered that can allow attackers to send mobile devices to malicious websites,
The flaw, discovered by researchers, has some limitations: It requires about $4,000 of equipment to pull off, and must be done within about a mile of the victim. It exploits encryption that doesn't protect the integrity of the data, allowing attackers to redirect users to a different website than the one the requested, the article explains.
Because the attack uses a flaw in LTE's design specification, it can't be patched out; however, the researchers say it is hard to pull off because a number of factors can interfere with the connection.
Apple Pay takes a big bite out of Poland
Apple Pay made a major debut in Poland, reaching 200,000 users in just ten days — well outpacing Google Pay's early days,
Google's Android platform has a greater share of the Polish market at 64%, but Apple's success isn't just a sign of a more engaged user base. Apple Pay is the only option for iPhone or Apple Watch users who want to make NFC payments, the article notes; Google Pay, by contrasts, competes on its own platform against wallets like Samsung Pay and others that use Host Card Emulation to simulate an NFC transaction.
A bad sport
Sportswear and sneaker brand Adidas has disclosed a data breach of its U.S. e-commerce site, which it discovered on Tuesday of last week.
The affected consumers may have had their contact information, usernames and encrypted passwords accessed, Adidas said in a
The incident is reminiscent of a breach
U.K. unification
The U.K.'s New Payment System Operator will supervise the Cheque and Credit Clearing Company Ltd. and has acquired the assets of the U.K. Payments Administration.
This will place all of the U.K.'s payment systems under the same supervision, reports
The NPSO will also be responsible for the national deployment of the Image Clearing System, the
From the Web
Reuters | Mon July 2, 2018 - Bollore Group, the French conglomerate run by billionaire businessman Vincent Bollore, said it had signed a global partnership with E-commerce company Alibaba. The two companies said the partnership would cover cloud computing services, clean energy, logistics and other areas such as new digital technologies and innovation.
Forbes | Sat June 30, 2018 - Wimbledon, one of the most recognizable brands in international sports, has struck a multi-year sponsorship agreement with American Express Co. The US-based company will become the new payments partner of the All England Lawn Tennis Club (AELTC), which hosts the annual Wimbledon Championships in southwest London, starting in 2019, the AELTC said in an emailed statement.
Fortune | Sun July 1, 2018 - The humble debit card is eclipsing other pieces of plastic as a status symbol in the wallets of younger consumers. To meet these changing tastes in personal finance, companies are enlisting world-famous designers to give the cards a new cachet—and millennials are joining waiting lists to get their hands on them.
More from PaymentsSource
As Nvoicepay expands, the electronic invoice company is keeping an eye on how it may fall under European data rules that have a knack for requiring compliance even from companies that should be exempt.
Nets has been a dominant payments technology player in the Nordic region for years, helping to drive the region's high proportion of mobile and digital transactions. Armed with fresh venture capital funding, Nets wants to expand its influence broadly across Europe.
In the era of digital and mobile payments, many banks and tech companies have strived to completely do away with cash, checks and cards. But quite a few have had to concede that the market isn't quite ready to give up the physical trappings of payments.
Buying a startup or running an accelerator program isn’t enough to help banks truly prepare for the coming digital age.
