Gang members allegedly behind a Web forum used by crooks to trade credit card data have been arrested in Vietnam and the UK. Meanwhile, in another blow to the cyber-crime community, Microsoft has led an operation to disrupt a massive botnet used to steal around $500 million.
At its recent 2013 Annual Meeting, the Interactive Financial eXchange (IFX) Forum member companies' representatives re-elected Victor Dossey of Microsoft, and elected Kate Fewell of NCR and David Moss of U.S. Bank to the Forum's Board of Directors, for terms expiring in 2016.
StrikeForce Technologies, Inc. (OTCBB: SFOR.OB) announced today that it has initiated patent litigation against PhoneFactor, Inc., a subsidiary of Microsoft Inc., Fiserv, Inc., and First Midwest Bancorp, Inc. in the U.S. District Court for the District of Delaware in Wilmington, for infringement of United States Patent No. 7,870,599 (the "'599 Patent").
Richard Peers of Microsoft examines the initial goals and the lessons learned in hosting a digital wallet hack-a-thon in London.
Rodney Bowen-Wright, director of business development, strategic and emerging business teams, at Microsoft talks about bringing Silicon Valley development techniques to London's financial community.
A seven man team from Barclays Bank, using tools from FreedomPay and their own Pingit mobile payments app, emerged with top honours at Microsoft's week long Digital Wallet Foundry hack-a-thon in London.
Colin Kerr, industry solutions director, worldwide financial services at Microsoft examines how mobile and social are influencing payments.
FreedomPay has been invited by Microsoft to lead a week long development session at the #DigitalWalletFoundry event.
Microsoft is looking to tap into the burgeoning mobile wallet arena by hosting three week-long developer and designer events at its ultra-hip Modern Jago facility in London's Shoreditch.
Ingenico, (Euronext:FR0000125346 - ING), leading worldwide provider of payment solutions, today announced that they are working together with Microsoft to deliver enterprise-class devices based on the new Windows Embedded 8 Handheld platform.
© Finextra Research 2013