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-rw-r--r--financial-news/2013-09-15.inc13
-rw-r--r--financial-news/2014-09-10.inc17
-rw-r--r--financial-news/2014-11-13.inc12
-rw-r--r--financial-news/2014-12-05.inc21
-rw-r--r--financial-news/2014-12-06.inc8
-rw-r--r--financial-news/2015-03-17.inc9
-rw-r--r--financial-news/2015-04-30.inc12
-rw-r--r--financial-news/2015-12-22.inc10
-rw-r--r--financial-news/2016-07-23.inc9
-rw-r--r--financial-news/2016-10-15.inc7
-rw-r--r--financial-news/2016-10-21.inc8
-rw-r--r--financial-news/2016-10-24.inc10
-rw-r--r--financial-news/2016-10-26.inc10
-rw-r--r--financial-news/2017-04-03.inc12
-rw-r--r--financial-news/2017-04-04.inc12
-rw-r--r--financial-news/2017-07-20.inc10
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diff --git a/financial-news/2013-09-15.inc b/financial-news/2013-09-15.inc
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1 <h3>15-9-2013: NSA follows the Money</h3>
2 <p>Despite the EU allowing the NSA access to financial transaction data to
3 track terrorists and organized crime, the NSA saw it necessary to
4 target international payment processors including SWIFT and Visa.
5 As terrorism and organized crime are covered by legal means, industrial
6 espionage to improve the US economy is the only remaining US national
7 interest within the NSA's mandate that would explain this illegal activity.<br>
8 With Taler, exchanges will only learn the value of a merchant's transactions,
9 not who paid or for what (governments may learn what was sold). Thus,
10 the Taler exchange is a significantly less interesting target for industrial
11 espionage.
12 </p>
13 <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>
diff --git a/financial-news/2014-09-10.inc b/financial-news/2014-09-10.inc
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1 <h3>10-9-2014: PayPal accounts hacked with a click</h3>
2 <p>Yasser Ali reports a now patched vulnerability in PayPal that would
3 have allowed him to reset other user's passwords and take over their
4 accounts. This is unlikely to be the last vulnerability found in
5 account-based payment systems.<br>
6 In Taler, customers do not have accounts with usernames, passwords
7 or associated e-mail addresses. Instead, Taler uses reserves which
8 are represented by a private key on the owner's computer. Users
9 create a reserve by depositing currency at a Taler exchange, and can then
10 withdraw digital coins from that reserve using the respective private
11 key. There is no limit on the number of reserves a user can have, and
12 even hacking the Taler exchange would not provide an adversary with access to
13 user's reserves (as the Taler exchange does not have the private keys).
14 Stealing in Taler requires breaking into each customer's computer to
15 extract the reserve keys or the coins from the digital wallet.
16 </p>
17 <p><a class="btn btn-info" href="http://yasserali.com/hacking-paypal-accounts-with-one-click/" role="button">Source</a></p>
diff --git a/financial-news/2014-11-13.inc b/financial-news/2014-11-13.inc
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1 <h3>13-11-2014: Visa and MasterCard's to move from passwords to biometrics</h3>
2 <p>Visa and MasterCard are planning to &quot;simplify hated verification
3 systems&quot; by moving from passwords to security codes on mobiles
4 and biometrics. Continuing their flawed insistence on verifying identity,
5 Visa and MasterCard will thus build a very personal picture of their
6 customers, from shopping habbits down to their cardiac rhythm.<br>
7 Taler does not require a customer's identity to verify a payment, as the
8 payment system cryptographically verifies the coins. Thus, Taler does
9 not have to intrude into any personal detail of a citizen's life, and
10 certainly not their private medical data.
11 </p>
12 <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>
diff --git a/financial-news/2014-12-05.inc b/financial-news/2014-12-05.inc
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1 <h3>5-12-2014: PayPal for Android gains fingerprint support</h3>
2 <p>Following Visa and MasterCard's move to biometrics, PayPal
3 now supports authenticating purchases with fingerprint
4 recognition.
5 Hence, police can now <a href="http://www.findlaw.co.uk/law/government/civil_rights/500374.html">forcefully take user's fingerprints</a> and
6 <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
7 <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>
8 For Taler, we advise users to protect their digital wallets using
9 passphrases.
10 </p>
11 <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>
12
13 <h3>5-12-2014: US judge rules banks can sue merchant for bad security</h3>
14 <p>Merchants taking credit card data from customers now have to additionally
15 fear banks suing them for losses. It is not suggested that the merchant
16 in question was not in compliance with PCI DSS security audit procedures.<br>
17 With Taler, merchants never handle sensitive personal credit data, and
18 thus neither customers, exchanges nor governments would even have standing to
19 sue merchants in court. Thus, if a merchant system were to be compromised,
20 the damage would be limited to the merchant's own operations.
21 <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>
diff --git a/financial-news/2014-12-06.inc b/financial-news/2014-12-06.inc
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1 <h3>6-12-2014: Visa and MasterCard's uncompetitive business practices</h3>
2 <p>The Visa and MasterCard duopoly has eliminated competition among
3 banks, setting fees that take away a significant share of profits from
4 small merchants.<br>
5 Taler is an open standard with free software
6 implementations, so merchants do not have to fear a lack of competition.
7 </p>
8 <p><a class="btn btn-info" href="http://www.ocregister.com/articles/gas-644344-card-fees.html" role="button">Source</a></p>
diff --git a/financial-news/2015-03-17.inc b/financial-news/2015-03-17.inc
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1 <h3>17-3-2015: Pointing Fingers in Apple Pay Fraud</h3>
2 <p>Apple Pay may be easy to use, but the simplistic
3 user identification creates opportunities for fraud,
4 resulting in much higher fraud rates than even with traditional
5 credit card systems.<br>
6 Taler does not require user identification, enabling
7 ease of use while also being effective against fraud.
8 </p>
9 <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>
diff --git a/financial-news/2015-04-30.inc b/financial-news/2015-04-30.inc
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1 <h3>30-4-2015: 1970 Researchers Predicted Debit Cards Would be Great for Surveillance</h3>
2 <p>&quot;Suppose you were an advisor to the head of the KGB,
3 the Soviet Secret Police. Suppose you are given the
4 assignment of designing a system for the surveillance of all
5 citizens and visitors within the boundaries of the USSR. The
6 system is not to be too obtrusive or obvious. What would be
7 your decision?&quot;<br>
8 The think tank RAND essentially answered this question with
9 a blueprint for modern payment systems. Taler offers an
10 escape from the financial panopticon.
11 </p>
12 <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>
diff --git a/financial-news/2015-12-22.inc b/financial-news/2015-12-22.inc
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1 <h3>22-12-2015: Sicherheitsforscher hacken das EC-Bezahlsystem</h3>
2 <p>Security researchers found serious security flaws in the German &quot;electronic cash&quot; system
3 which enable criminals to withdraw funds from merchant accounts based on the information printed
4 on receipts and other information obtained from public sources or point-of-sales terminals purchased
5 online.<br>
6 The German &quot;electronic cash&quot; system is based on the &quot;Poseidon&quot; protocol, for
7 which there is no publicly accessible specification or reference implementation. This has allowed
8 such major security holes to persist for decades.
9 </p>
10 <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>
diff --git a/financial-news/2016-07-23.inc b/financial-news/2016-07-23.inc
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1 <h3>23-07-2016: How banks are refusing to shoulder responsibility for fraud</h3>
2 <p>Banks are naturally unhappy about shouldering the cost for fraud, and use
3 various tricks to impose the costs on their customers without providing
4 adequate help to minimize fraud.<br>
5 With GNU Taler, cryptography ensures that identity theft and many related
6 types of fraud are no longer possible, allowing banks to offer customers
7 a payment experience where neither side needs to worry about fraud.
8 </p>
9 <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>
diff --git a/financial-news/2016-10-15.inc b/financial-news/2016-10-15.inc
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1 <h3>15-10-2016: Thousands of online stores found skimming</h3>
2 <p>Security researchers found evidence of adversaries targeting online shops offering credit cards
3 to steal and resell credit card credentials.<br>
4 With GNU Taler, shops would never receive sensitive personal information such as credit cards,
5 thus hacked online shops would not create such hassles for consumers.
6 </p>
7 <p><a class="btn btn-info" href="https://gwillem.gitlab.io/2016/10/11/5900-online-stores-found-skimming/" role="button">Source</a></p>
diff --git a/financial-news/2016-10-21.inc b/financial-news/2016-10-21.inc
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1 <h3>21-10-2016: Indian banks warn 3.2 million customers</h3>
2 <p>A major data breach of Indian banks forced these institutions to warn 3.2 million
3 customers that their accounts might have been compromised and that they need
4 to obtain new bank cards and PIN numbers.<br>
5 With GNU Taler, banks can implement privacy by design and minimize data collection,
6 minimizing the impact of security breaches and satisfying GDPR regulations in Europe.
7 </p>
8 <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>
diff --git a/financial-news/2016-10-24.inc b/financial-news/2016-10-24.inc
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1 <h3>24-10-2016: ApplePay starts in France</h3>
2 <p>With ApplePay starting in France, pressure on
3 European banks increase as they are set to
4 lose market share to big technology 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.heise.de/newsticker/meldung/Apple-Pay-startet-in-Frankreich-3272412.html" role="button">Source</a></p>
diff --git a/financial-news/2016-10-26.inc b/financial-news/2016-10-26.inc
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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/" role="button">Source</a></p>
diff --git a/financial-news/2017-04-03.inc b/financial-news/2017-04-03.inc
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1 <h3>03-04-2017: Amazon launches Amazon Cash</h3>
2 <p>Despite Amazon being in the position of being allowed to keep
3 your credit card on file to enable faster payments, they have
4 now moved to enable payments without credit cards.
5 <br>
6 With GNU Taler, cash-based payments for customers without
7 credit cards would be possible not only for big brands that
8 can sell tokens at participating retailers, but for all online
9 stores as GNU Taler is an open standard and not another
10 walled-garden lock-in payment system.
11 </p>
12 <p><a class="btn btn-info" href="https://techcrunch.com/2017/04/03/amazon-launches-amazon-cash-a-way-to-shop-its-site-without-a-bank-card/" role="button">Source</a></p>
diff --git a/financial-news/2017-04-04.inc b/financial-news/2017-04-04.inc
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1 <h3>04-04-2017: WhatsApp to offer person-to-person payments in India</h3>
2 <p>With Indian demonetization policy pushing the country towards
3 a cashless society, it was only a question of time until the
4 Big Data oligopoly would make its move to take over the country's
5 economy.
6 <br>
7 With GNU Taler, India would maintain digital sovereignty, and
8 the privacy of citizens spending digital cash would
9 be preserved while achiving the laudable income transparency and
10 anti-counterfeiting goals of the Indian government.
11 </p>
12 <p><a class="btn btn-info" href="http://mashable.com/2017/04/04/whatsapp-person-to-person-payment-india/#_CZ7RRkKaiqN" role="button">Source</a></p>
diff --git a/financial-news/2017-07-20.inc b/financial-news/2017-07-20.inc
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1 <h3>20-07-2017: Sofort&uuml;berweisung unreasonable</h3>
2 <p>The German Federal High Court of Justice has decided that
3 the online payment system Sofort&uuml;berweisung is
4 unreasonable, and thus must not be the only payment option offered
5 without additional fees for customers in Germany.
6 <br>
7 With GNU Taler, inexpensive instant payments that respect customers
8 privacy will be possible.
9 </p>
10 <p><a class="btn btn-info" href="https://www.heise.de/newsticker/meldung/BGH-Sofortueberweisung-darf-nicht-einziges-Gratis-Bezahlverfahren-sein-3777580.html" role="button">Source</a></p>