Split to be completed mid-2015, with American Express executive Dan Schulman becoming PayPal President and CEO
TECHNOLOGY POWERING BUSINESS
News Financial Markets
O2 Customers Can Now Add iTunes Purchases To Their Bills
Any iTunes Codes will be included in monthly costs
TfL Hits One Million Contactless Payments In Just Nine Days
New service launched earlier this month as part of technology drive
Quiz Of The Week: Mobile Payments
Mobile money is taking over, but do you know your PayPal from your Bitcoin?
PayPal Moves Closer To Full Bitcoin Acceptance
New agreement follows similar announcement by subsidiary Braintree earlier this month
Barclaycard Teams Up With Southampton FC To Offer Premier League’s First Contactless Payments
Club-branded bPay wristband will enable purchases up to £20
Sage Takes Its SMB Accounting Software To The Cloud
Sage 50 Accounts gets a new interface, Sage Drive support, two mobile apps and a subscription model
Operation Emmental Targets Banks That Use Two-Factor Authentication
Cyber criminal gang devises a new, complex method of hijacking SMS to steal money
European Central Bank Held To Ransom Over Stolen Data
Hackers steal partially encrypted records from an events website that belongs to the bank
Lloyds Banking To Lead Part Of Government’s Digital Literacy Efforts
Lloyds will teach SMBs and charities how to maintain a website and accept payments online
App Intelligence Is Just The Ticket For London Travel
As London buses say 'goodbye' to cash fares, travel and mobile payment apps will become increasingly important, predicts Tom Levey, chief technologist at AppDynamics
New Malware Family Threatens UK’s Online Banking Users
A Remote Access Tool called ‘Dyre’ can circumvent encryption
Hacker Earns £365,000 Mining Dogecoin With NAS Boxes
This could be the most profitable illegal crypto-currency mining operation in history
The Isle Of Man Embraces Virtual Currencies
Local authorities promote the island as the perfect base for Bitcoin and Litecoin operations, say they can prevent money laundering
PayPal President Leaves To Head Messaging At Facebook
David Marcus will be overseeing the development of Facebook’s messaging products
Hackers Raid DogeVault, Fate Of Customer Dogecoins Unclear
Some customers say their virtual wallets were emptied minutes before the website went down
Mt Gox Abandons Hope, Prepares For Liquidation
CEO of the bitcoin exchange Mark Karpeles has been replaced by court-appointed provisional administrator
Facebook Is About To Enter The Money Services Market
The social network is negotiating with Ireland’s central bank to become a licenced financial services operator
Samsung Galaxy S5 Launches In The UK With Biometric PayPal Authentication
The smartphone is the first to offer universal mobile payments secured by fingerprints
Teradata Universe: “Data Enables The New Economy”
The future will belong to companies that make data-driven decisions and value the trust of their customers, says Hermann Wimmer from Teradata
Russia Considers Switching To National Payment System After Visa, Mastercard Block Banks
Seven Russian banks were hit by economic sanctions imposed after the annexation of Crimea, government wants to make sure this doesn't happen again
Mt Gox Finally Admits It Lost $500,000,000 In Bitcoin
The exchange has launched a dedicated call centre to handle furious investors after admitting that it lost 750,000 bitcoins belonging to customers, and 100,000 of its own
Kaspersky Labs To Fight Online Fraud With New Product Suite
Kaspersky Fraud Prevention platform includes server-side tools, mobile clients and an SDK
Code_N Competition Is Bringing 50 Big Data Start-Ups To CeBIT
The finalists will be surrounded by a 12-metre tall data visualisation artwork
South Korean Banks Fined £3,400 After Epic January Data Breach
KB Kookmin Bank, Lotte Card and NongHyup Card will not be able to issue credit cards for the next three months
Bitcoin In Crisis: Mt Gox Claims To Be Fixing Network-Wide Vulnerability
The exchange resumes currency withdrawals, but refuses to send Bitcoins to third-party wallets until further notice
Russian Government Says Bitcoin Is Illegal
The Russian Prosecutor General's Office says Bitcoin is used for money laundering, and should be avoided
Whistleblower: Barclays Customer Data Stolen And Sold For Scammers’ Use
Bank says it is looking into a report that data was stolen before being used and sold by rogue traders
Apple Kills The Only iOS-Compatible Bitcoin Trading App
Apple has dumped the Blockchain application from its App Store – and Bitcoin users are threatening to dump their iPhones
Bitcoin Entrepreneur Charlie Shrem Charged With Money Laundering
The co-founder of BitInstant allegedly conspired to supply Silk Road with Bitcoins