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'I did not know,' Harper says about chief of staff's $90K payment to Duffy

LIMA, Peru - Prime Minister Stephen Harper insisted Thursday that he did not know about — nor was asked to sign off on — the arrangement that saw his chief of staff cut a personal cheque for $90,000 to Sen. Mike Duffy. Harper, currently on a trade mission in South America, took questions on the Senate expenses scandal for the first time since news emerged about the controversial cheque written by his former right-hand man. I did not know ... (and) I was not consulted," Harper said, the Peruvian president standing at his side.

PayPal fires up new data center to support growth

By Alistair Barr SAN FRANCISCO (Reuters) - PayPal has opened a new data center to help the online payment division of eBay Inc handle its rapid growth, President David Marcus said on Tuesday. The addition means PayPal now has four primary data centers, which it runs from network operation centers at its headquarters in San Jose, California, and Scottsdale, Arizona. "We're growing still very, very fast, so we need more machines, more capacity and bandwidth," Marcus told Reuters in an interview.

Square debuts Square Cash

Mobile payments startup Square's new Square Cash allows users to email one another money.

Square debuts Square Cash

Mobile payments startup Square's new Square Cash allows users to email one another money.

Square debuts Square Cash

Mobile payments startup Square's new Square Cash allows users to email one another money.

credit card spending-April

By Kang Yoon-seung SEOUL, May 21 (Yonhap) -- South Korea's credit card spending grew at a slower pace in April from a year earlier as the economic slowdown continued to dent consumer sentiment, a trade association said Tuesday. Purchases made with plastic cards totaled 44.8 trillion won (US$40.1 billion) last month, up 4.5 percent from the 42.9 trillion won tallied a year earlier, according to the data compiled by the Credit Finance Association (CREFIA). The country's card spending sank to an all-time low in February, growing 3.4 percent on-year.

US seizes Bitcoin operator accounts

US authorities seized the accounts of a Bitcoin digital currency exchange operator, claiming it was functioning as an "unlicensed money service business," court documents showed Friday. A warrant revealed by the Department of Homeland Security showed a judge signed the seizure order Tuesday for the accounts of Mutum Sigillum LCC, a subsidiary of Japan-based Mt. Gox, the world's biggest Bitcoin exchange.

The check's in the (e)mail

Available initially to US Google Wallet users aged 18 and over, the system works by clicking on the dollar sign button that will soon appear in Gmail and then typing in the amount to attach.

ElectraCard: data in fraud compromised outside its environment

MUMBAI (Reuters) - India's ElectraCard Services said on Sunday that a data breach in a series of ATM fraud attacks in December appears to have happened outside of its "processing environment." According to a U.S. official and a bank employee, who both spoke on condition of anonymity, ElectraCard Services was the company that processed prepaid travel cards for National Bank of Ras Al Khaimah PSC (RAKBANK). RAKBANK suffered a $5 million coordinated heist at ATMs around the world on December 21 last year, according to the U.S. indictment.

Bank Muscat says mulling options to recover card fraud money

DUBAI (Reuters) - Bank Muscat <BMAO.OM>, the main victim of a $45 million global cyber heist, is examining all options to recover the money it lost in an unprecedented fraud brought to light by U.S. authorities. In a globally coordinated campaign, hackers broke into two unidentified payment processing companies in India that handled the prepaid debit cards for two Middle Eastern banks, including Bank Muscat, U.S. prosecutors said on Thursday.
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