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1<!DOCTYPE html>
2<html lang="en">
3 <head>
4 <meta charset="utf-8">
5 <title>{{ _("GNU Taler") }} - {{ _("Financial News") }}</title>
6 <meta name="description" content="">
7 <!--# include file="common/header.inc" -->
8 </head>
9 <body class="en" onLoad="loadLang();">
10 <div class="container">
11 <!--# include file="common/navigation.inc" -->
12 <!-- Jumbotron -->
13 <div class="jumbotron">
14 <h1 lang="en">{{ _("Financial News") }}</h1>
15 </div>
16 <div class="row">
18 <div class="col-lg-12">
19 <h2>24-10-2016: Alipay gains acceptance in US and Europe</h2>
20 <p>With Alipay being increasingly accepted in retail stores in US and Europe,
21 European banks continue to lose market share to big technology
22 providers.<br>
23 With GNU Taler, we could establish an open standard with a level
24 playing field preserving the independence of national economies
25 by establishing a commons that protects critical infrastructure
26 from domination by a handful of global players.
27 </p>
28 <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>
29 </div>
31 <div class="col-lg-12">
32 <h2>21-10-2016: Indian banks warn 3.2 million customers</h2>
33 <p>A major data breach of Indian banks forced these institutions to warn 3.2 million
34 customers that their accounts might have been compromised and that they need
35 to obtain new bank cards and PIN numbers.<br>
36 With GNU Taler, banks can implement privacy by design and minimize data collection,
37 minimizing the impact of security breaches and satisfying GDPR regulations in Europe.
38 </p>
39 <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>
40 </div>
42 <div class="col-lg-12">
43 <h2>15-10-2016: Thousands of online stores found skimming</h2>
44 <p>Security researchers found evidence of adversaries targeting online shops offering credit cards
45 to steal and resell credit card credentials.<br>
46 With GNU Taler, shops would never receive sensitive personal information such as credit cards,
47 thus hacked online shops would not create such hassles for consumers.
48 </p>
49 <p><a class="btn btn-info" href="https://gwillem.gitlab.io/2016/10/11/5900-online-stores-found-skimming/" role="button">Source</a></p>
50 </div>
52 <div class="col-lg-12">
53 <h2>23-07-2016: How banks are refusing to shoulder responsibility for fraud</h2>
54 <p>Banks are naturally unhappy about shouldering the cost for fraud, and use
55 various tricks to impose the costs on their customers without providing
56 adequate help to minimize fraud.<br>
57 With GNU Taler, cryptography ensures that identity theft and many related
58 types of fraud are no longer possible, allowing banks to offer customers
59 a payment experience where neither side needs to worry about fraud.
60 </p>
61 <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>
62 </div>
64 <div class="col-lg-12">
65 <h2>24-10-2016: ApplePay starts in France</h2>
66 <p>With ApplePay starting in France, pressure on
67 European banks increase as they are set to
68 lose market share to big technology providers.<br>
69 With GNU Taler, we could establish an open standard with a level
70 playing field preserving the independence of national economies
71 by establishing a commons that protects critical infrastructure
72 from domination by a handful of global players.
73 </p>
74 <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>
75 </div>
77 <div class="col-lg-12">
78 <h2>22-12-2015: Sicherheitsforscher hacken das EC-Bezahlsystem</h2>
79 <p>Security researchers found serious security flaws in the German &quot;electronic cash&quot; system
80 which enable criminals to withdraw funds from merchant accounts based on the information printed
81 on receipts and other information obtained from public sources or point-of-sales terminals purchased
82 online.<br>
83 The German &quot;electronic cash&quot; system is based on the &quot;Poseidon&quot; protocol, for
84 which there is no publicly accessible specification or reference implementation. This has allowed
85 such major security holes to persist for decades.
86 </p>
87 <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>
88 </div>
90 <div class="col-lg-12">
91 <h2>30-4-2015: 1970 Researchers Predicted Debit Cards Would be Great for Surveillance</h2>
92 <p>&quot;Suppose you were an advisor to the head of the KGB,
93 the Soviet Secret Police. Suppose you are given the
94 assignment of designing a system for the surveillance of all
95 citizens and visitors within the boundaries of the USSR. The
96 system is not to be too obtrusive or obvious. What would be
97 your decision?&quot;<br>
98 The think tank RAND essentially answered this question with
99 a blueprint for modern payment systems. Taler offers an
100 escape from the financial panopticon.
101 </p>
102 <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>
103 </div>
105 <div class="col-lg-12">
106 <h2>17-3-2015: Pointing Fingers in Apple Pay Fraud</h2>
107 <p>Apple Pay may be easy to use, but the simplistic
108 user identification creates opportunities for fraud,
109 resulting in much higher fraud rates than even with traditional
110 credit card systems.<br>
111 Taler does not require user identification, enabling
112 ease of use while also being effective against fraud.
113 </p>
114 <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>
115 </div>
117 <div class="col-lg-12">
118 <h2>6-12-2014: Visa and MasterCard's uncompetitive business practices</h2>
119 <p>The Visa and MasterCard duopoly has eliminated competition among
120 banks, setting fees that take away a significant share of profits from
121 small merchants.<br>
122 Taler is an open standard with free software
123 implementations, so merchants do not have to fear a lack of competition.
124 </p>
125 <p><a class="btn btn-info" href="http://www.ocregister.com/articles/gas-644344-card-fees.html" role="button">Source</a></p>
126 </div>
128 <div class="col-lg-12">
129 <h2>5-12-2014: US judge rules banks can sue merchant for bad security</h2>
130 <p>Merchants taking credit card data from customers now have to additionally
131 fear banks suing them for losses. It is not suggested that the merchant
132 in question was not in compliance with PCI DSS security audit procedures.<br>
133 With Taler, merchants never handle sensitive personal credit data, and
134 thus neither customers, exchanges nor governments would even have standing to
135 sue merchants in court. Thus, if a merchant system were to be compromised,
136 the damage would be limited to the merchant's own operations.
137 <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>
138 </div>
140 <div class="col-lg-12">
141 <h2>5-12-2014: PayPal for Android gains fingerprint support</h2>
142 <p>Following Visa and MasterCard's move to biometrics, PayPal
143 now supports authenticating purchases with fingerprint
144 recognition.
145 Hence, police can now <a href="http://www.findlaw.co.uk/law/government/civil_rights/500374.html">forcefully take user's fingerprints</a> and
146 <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
147 <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>
148 For Taler, we advise users to protect their digital wallets using
149 passphrases.
150 </p>
151 <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>
152 </div>
154 <div class="col-lg-12">
155 <h2>10-9-2014: PayPal accounts hacked with a click</h2>
156 <p>Yasser Ali reports a now patched vulnerability in PayPal that would
157 have allowed him to reset other user's passwords and take over their
158 accounts. This is unlikely to be the last vulnerability found in
159 account-based payment systems.<br>
160 In Taler, customers do not have accounts with usernames, passwords
161 or associated e-mail addresses. Instead, Taler uses reserves which
162 are represented by a private key on the owner's computer. Users
163 create a reserve by depositing currency at a Taler exchange, and can then
164 withdraw digital coins from that reserve using the respective private
165 key. There is no limit on the number of reserves a user can have, and
166 even hacking the Taler exchange would not provide an adversary with access to
167 user's reserves (as the Taler exchange does not have the private keys).
168 Stealing in Taler requires breaking into each customer's computer to
169 extract the reserve keys or the coins from the digital wallet.
170 </p>
171 <p><a class="btn btn-info" href="http://yasserali.com/hacking-paypal-accounts-with-one-click/" role="button">Source</a></p>
172 </div>
173 <div class="col-lg-12">
174 <h2>13-11-2014: Visa and MasterCard's to move from passwords to biometrics</h2>
175 <p>Visa and MasterCard are planning to &quot;simplify hated verification
176 systems&quot; by moving from passwords to security codes on mobiles
177 and biometrics. Continuing their flawed insistence on verifying identity,
178 Visa and MasterCard will thus build a very personal picture of their
179 customers, from shopping habbits down to their cardiac rhythm.<br>
180 Taler does not require a customer's identity to verify a payment, as the
181 payment system cryptographically verifies the coins. Thus, Taler does
182 not have to intrude into any personal detail of a citizen's life, and
183 certainly not their private medical data.
184 </p>
185 <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>
186 </div>
187 <div class="col-lg-12">
188 <h2>15-9-2013: NSA follows the Money</h2>
189 <p>Despite the EU allowing the NSA access to financial transaction data to
190 track terrorists and organized crime, the NSA saw it necessary to
191 target international payment processors including SWIFT and Visa.
192 As terrorism and organized crime are covered by legal means, industrial
193 espionage to improve the US economy is the only remaining US national
194 interest within the NSA's mandate that would explain this illegal activity.<br>
195 With Taler, exchanges will only learn the value of a merchant's transactions,
196 not who paid or for what (governments may learn what was sold). Thus,
197 the Taler exchange is a significantly less interesting target for industrial
198 espionage.
199 </p>
200 <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>
201 </div>
202 </div>
203 <!--# include file="common/footer.inc" -->
204 </div> <!-- /container -->
205 </body>