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| 1 | <h3>24-10-2016: Alipay gains acceptance in US and Europe</h3> | ||
| 2 | <p>With Alipay being increasingly accepted in retail stores in US and Europe, | ||
| 3 | European banks continue to lose market share to big technology | ||
| 4 | providers.<br> | ||
| 5 | With GNU Taler, we could establish an open standard with a level | ||
| 6 | playing field preserving the independence of national economies | ||
| 7 | by establishing a commons that protects critical infrastructure | ||
| 8 | from domination by a handful of global players. | ||
| 9 | </p> | ||
| 10 | <p><a class="btn btn-info" href="http://www.nfcworld.com/2016/10/24/347979/alipay-gains-acceptance-us-europe/?utm_content=buffer16d78&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer" role="button">Source</a></p> | ||
| 11 | <h3>21-10-2016: Indian banks warn 3.2 million customers</h3> | ||
| 12 | <p>A major data breach of Indian banks forced these institutions to warn 3.2 million | ||
| 13 | customers that their accounts might have been compromised and that they need | ||
| 14 | to obtain new bank cards and PIN numbers.<br> | ||
| 15 | With GNU Taler, banks can implement privacy by design and minimize data collection, | ||
| 16 | minimizing the impact of security breaches and satisfying GDPR regulations in Europe. | ||
| 17 | </p> | ||
| 18 | <p><a class="btn btn-info" href="http://www.heise.de/newsticker/meldung/Vermutliche-Datenpanne-Indische-Banken-warnen-3-2-Millionen-Kunden-3356582.html" role="button">Source</a></p> | ||
| 19 | <h3>15-10-2016: Thousands of online stores found skimming</h3> | ||
| 20 | <p>Security researchers found evidence of adversaries targeting online shops offering credit cards | ||
| 21 | to steal and resell credit card credentials.<br> | ||
| 22 | With GNU Taler, shops would never receive sensitive personal information such as credit cards, | ||
| 23 | thus hacked online shops would not create such hassles for consumers. | ||
| 24 | </p> | ||
| 25 | <p><a class="btn btn-info" href="https://gwillem.gitlab.io/2016/10/11/5900-online-stores-found-skimming/" role="button">Source</a></p> | ||
| 26 | <h3>23-07-2016: How banks are refusing to shoulder responsibility for fraud</h3> | ||
| 27 | <p>Banks are naturally unhappy about shouldering the cost for fraud, and use | ||
| 28 | various tricks to impose the costs on their customers without providing | ||
| 29 | adequate help to minimize fraud.<br> | ||
| 30 | With GNU Taler, cryptography ensures that identity theft and many related | ||
| 31 | types of fraud are no longer possible, allowing banks to offer customers | ||
| 32 | a payment experience where neither side needs to worry about fraud. | ||
| 33 | </p> | ||
| 34 | <p><a class="btn btn-info" href="http://www.telegraph.co.uk/personal-banking/current-accounts/how-banks-are-refusing-to-shoulder-responsibility-for-fraud/" role="button">Source</a></p> | ||
| 35 | <h3>24-10-2016: ApplePay starts in France</h3> | ||
| 36 | <p>With ApplePay starting in France, pressure on | ||
| 37 | European banks increase as they are set to | ||
| 38 | lose market share to big technology providers.<br> | ||
| 39 | With GNU Taler, we could establish an open standard with a level | ||
| 40 | playing field preserving the independence of national economies | ||
| 41 | by establishing a commons that protects critical infrastructure | ||
| 42 | from domination by a handful of global players. | ||
| 43 | </p> | ||
| 44 | <p><a class="btn btn-info" href="http://www.heise.de/newsticker/meldung/Apple-Pay-startet-in-Frankreich-3272412.html" role="button">Source</a></p> | ||
| 45 | <h3>22-12-2015: Sicherheitsforscher hacken das EC-Bezahlsystem</h3> | ||
| 46 | <p>Security researchers found serious security flaws in the German "electronic cash" system | ||
| 47 | which enable criminals to withdraw funds from merchant accounts based on the information printed | ||
| 48 | on receipts and other information obtained from public sources or point-of-sales terminals purchased | ||
| 49 | online.<br> | ||
| 50 | The German "electronic cash" system is based on the "Poseidon" protocol, for | ||
| 51 | which there is no publicly accessible specification or reference implementation. This has allowed | ||
| 52 | such major security holes to persist for decades. | ||
| 53 | </p> | ||
| 54 | <p><a class="btn btn-info" href="http://www.zeit.de/digital/datenschutz/2015-12/electronic-cash-bezahlsystem-terminals-gehackt" role="button">Source</a></p> | ||
| 55 | <h3>30-4-2015: 1970 Researchers Predicted Debit Cards Would be Great for Surveillance</h3> | ||
| 56 | <p>"Suppose you were an advisor to the head of the KGB, | ||
| 57 | the Soviet Secret Police. Suppose you are given the | ||
| 58 | assignment of designing a system for the surveillance of all | ||
| 59 | citizens and visitors within the boundaries of the USSR. The | ||
| 60 | system is not to be too obtrusive or obvious. What would be | ||
| 61 | your decision?"<br> | ||
| 62 | The think tank RAND essentially answered this question with | ||
| 63 | a blueprint for modern payment systems. Taler offers an | ||
| 64 | escape from the financial panopticon. | ||
| 65 | </p> | ||
| 66 | <p><a class="btn btn-info" href="http://paleofuture.gizmodo.com/1970s-researchers-predicted-debit-cards-would-be-great-1699216972" role="button">Source</a></p> | ||
| 67 | <h3>17-3-2015: Pointing Fingers in Apple Pay Fraud</h3> | ||
| 68 | <p>Apple Pay may be easy to use, but the simplistic | ||
| 69 | user identification creates opportunities for fraud, | ||
| 70 | resulting in much higher fraud rates than even with traditional | ||
| 71 | credit card systems.<br> | ||
| 72 | Taler does not require user identification, enabling | ||
| 73 | ease of use while also being effective against fraud. | ||
| 74 | </p> | ||
| 75 | <p><a class="btn btn-info" href="http://www.nytimes.com/2015/03/17/business/banks-find-fraud-abounds-in-apple-pay.html?_r=0" role="button">Source</a></p> | ||
| 76 | <h3>6-12-2014: Visa and MasterCard's uncompetitive business practices</h3> | ||
| 77 | <p>The Visa and MasterCard duopoly has eliminated competition among | ||
| 78 | banks, setting fees that take away a significant share of profits from | ||
| 79 | small merchants.<br> | ||
| 80 | Taler is an open standard with free software | ||
| 81 | implementations, so merchants do not have to fear a lack of competition. | ||
| 82 | </p> | ||
| 83 | <p><a class="btn btn-info" href="http://www.ocregister.com/articles/gas-644344-card-fees.html" role="button">Source</a></p> | ||
| 84 | <h3>5-12-2014: US judge rules banks can sue merchant for bad security</h3> | ||
| 85 | <p>Merchants taking credit card data from customers now have to additionally | ||
| 86 | fear banks suing them for losses. It is not suggested that the merchant | ||
| 87 | in question was not in compliance with PCI DSS security audit procedures.<br> | ||
| 88 | With Taler, merchants never handle sensitive personal credit data, and | ||
| 89 | thus neither customers, exchanges nor governments would even have standing to | ||
| 90 | sue merchants in court. Thus, if a merchant system were to be compromised, | ||
| 91 | the damage would be limited to the merchant's own operations. | ||
| 92 | <p><a class="btn btn-info" href="http://arstechnica.com/tech-policy/2014/12/judge-rules-that-banks-can-sue-target-for-2013-credit-card-hack/" role="button">Source</a></p> | ||
| 93 | <h3>5-12-2014: PayPal for Android gains fingerprint support</h3> | ||
| 94 | <p>Following Visa and MasterCard's move to biometrics, PayPal | ||
| 95 | now supports authenticating purchases with fingerprint | ||
| 96 | recognition. | ||
| 97 | Hence, police can now <a href="http://www.findlaw.co.uk/law/government/civil_rights/500374.html">forcefully take user's fingerprints</a> and | ||
| 98 | <a href="http://www.wired.com/2013/09/the-unexpected-result-of-fingerprint-authentication-that-you-cant-take-the-fifth/">access their mobile computers</a> and possibly empty their electronic wallets | ||
| 99 | <a href="http://www.cbc.ca/news/world/american-shakedown-police-won-t-charge-you-but-they-ll-grab-your-money-1.2760736">in addition to their physical wallets</a>.<br> | ||
| 100 | For Taler, we advise users to protect their digital wallets using | ||
| 101 | passphrases. | ||
| 102 | </p> | ||
| 103 | <p><a class="btn btn-info" href="http://www.digitalspy.co.uk/tech/news/a614631/paypal-for-android-gains-fingerprint-support-on-samsung-devices.html" role="button">Source</a></p> | ||
| 104 | <h3>10-9-2014: PayPal accounts hacked with a click</h3> | ||
| 105 | <p>Yasser Ali reports a now patched vulnerability in PayPal that would | ||
| 106 | have allowed him to reset other user's passwords and take over their | ||
| 107 | accounts. This is unlikely to be the last vulnerability found in | ||
| 108 | account-based payment systems.<br> | ||
| 109 | In Taler, customers do not have accounts with usernames, passwords | ||
| 110 | or associated e-mail addresses. Instead, Taler uses reserves which | ||
| 111 | are represented by a private key on the owner's computer. Users | ||
| 112 | create a reserve by depositing currency at a Taler exchange, and can then | ||
| 113 | withdraw digital coins from that reserve using the respective private | ||
| 114 | key. There is no limit on the number of reserves a user can have, and | ||
| 115 | even hacking the Taler exchange would not provide an adversary with access to | ||
| 116 | user's reserves (as the Taler exchange does not have the private keys). | ||
| 117 | Stealing in Taler requires breaking into each customer's computer to | ||
| 118 | extract the reserve keys or the coins from the digital wallet. | ||
| 119 | </p> | ||
| 120 | <p><a class="btn btn-info" href="http://yasserali.com/hacking-paypal-accounts-with-one-click/" role="button">Source</a></p> | ||
| 121 | <h3>13-11-2014: Visa and MasterCard's to move from passwords to biometrics</h3> | ||
| 122 | <p>Visa and MasterCard are planning to "simplify hated verification | ||
| 123 | systems" by moving from passwords to security codes on mobiles | ||
| 124 | and biometrics. Continuing their flawed insistence on verifying identity, | ||
| 125 | Visa and MasterCard will thus build a very personal picture of their | ||
| 126 | customers, from shopping habbits down to their cardiac rhythm.<br> | ||
| 127 | Taler does not require a customer's identity to verify a payment, as the | ||
| 128 | payment system cryptographically verifies the coins. Thus, Taler does | ||
| 129 | not have to intrude into any personal detail of a citizen's life, and | ||
| 130 | certainly not their private medical data. | ||
| 131 | </p> | ||
| 132 | <p><a class="btn btn-info" href="http://www.theguardian.com/money/2014/nov/13/mastercard-visa-kill-off-verification-systems" role="button">Source</a></p> | ||
| 133 | <h3>15-9-2013: NSA follows the Money</h3> | ||
| 134 | <p>Despite the EU allowing the NSA access to financial transaction data to | ||
| 135 | track terrorists and organized crime, the NSA saw it necessary to | ||
| 136 | target international payment processors including SWIFT and Visa. | ||
| 137 | As terrorism and organized crime are covered by legal means, industrial | ||
| 138 | espionage to improve the US economy is the only remaining US national | ||
| 139 | interest within the NSA's mandate that would explain this illegal activity.<br> | ||
| 140 | With Taler, exchanges will only learn the value of a merchant's transactions, | ||
| 141 | not who paid or for what (governments may learn what was sold). Thus, | ||
| 142 | the Taler exchange is a significantly less interesting target for industrial | ||
| 143 | espionage. | ||
| 144 | </p> | ||
| 145 | <p><a class="btn btn-info" href="http://www.spiegel.de/international/world/spiegel-exclusive-nsa-spies-on-international-bank-transactions-a-922276.html" role="button">Source</a></p> | ||