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    <title>GNU Taler - Financial News</title>
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        <h1 lang="en">Financial News</h1>
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      <div class="row">

        <div class="col-lg-12">
          <h2>24-10-2016: Alipay gains acceptance in US and Europe</h2>
          <p>With Alipay being increasingly accepted in retail stores in US and Europe,
	     European banks continue to lose market share to big technology
	     providers.<br>
             With GNU Taler, we could establish an open standard with a level
	     playing field preserving the independence of national economies
	     by establishing a commons that protects critical infrastructure
	     from domination by a handful of global players.
          </p>
          <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>
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        <div class="col-lg-12">
          <h2>21-10-2016: Indian banks warn 3.2 million customers</h2>
          <p>A major data breach of Indian banks forced these institutions to warn 3.2 million
	     customers that their accounts might have been compromised and that they need
	     to obtain new bank cards and PIN numbers.<br>
             With GNU Taler, banks can implement privacy by design and minimize data collection,
	     minimizing the impact of security breaches and satisfying GDPR regulations in Europe.
          </p>
          <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>
        </div>

        <div class="col-lg-12">
          <h2>15-10-2016: Thousands of online stores found skimming</h2>
          <p>Security researchers found evidence of adversaries targeting online shops offering credit cards
             to steal and resell credit card credentials.<br>
             With GNU Taler, shops would never receive sensitive personal information such as credit cards,
             thus hacked online shops would not create such hassles for consumers.
          </p>
          <p><a class="btn btn-info" href="https://gwillem.gitlab.io/2016/10/11/5900-online-stores-found-skimming/" role="button">Source</a></p>
        </div>

        <div class="col-lg-12">
          <h2>23-07-2016: How banks are refusing to shoulder responsibility for fraud</h2>
          <p>Banks are naturally unhappy about shouldering the cost for fraud, and use
	     various tricks to impose the costs on their customers without providing
	     adequate help to minimize fraud.<br>
             With GNU Taler, cryptography ensures that identity theft and many related
	     types of fraud are no longer possible, allowing banks to offer customers
	     a payment experience where neither side needs to worry about fraud.
          </p>
          <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>
        </div>

	<div class="col-lg-12">
          <h2>24-10-2016: ApplePay starts in France</h2>
          <p>With ApplePay starting in France, pressure on
	     European banks increase as they are set to
	     lose market share to big technology providers.<br>
             With GNU Taler, we could establish an open standard with a level
	     playing field preserving the independence of national economies
	     by establishing a commons that protects critical infrastructure
	     from domination by a handful of global players.
          </p>
          <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>
        </div>

        <div class="col-lg-12">
          <h2>22-12-2015: Sicherheitsforscher hacken das EC-Bezahlsystem</h2>
          <p>Security researchers found serious security flaws in the German &quot;electronic cash&quot; system
             which enable criminals to withdraw funds from merchant accounts based on the information printed
             on receipts and other information obtained from public sources or point-of-sales terminals purchased
             online.<br>
             The German &quot;electronic cash&quot; system is based on the &quot;Poseidon&quot; protocol, for
             which there is no publicly accessible specification or reference implementation. This has allowed
             such major security holes to persist for decades.
          </p>
          <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>
        </div>

        <div class="col-lg-12">
          <h2>30-4-2015: 1970 Researchers Predicted Debit Cards Would be Great for Surveillance</h2>
          <p>&quot;Suppose you were an advisor to the head of the KGB,
          the Soviet Secret Police. Suppose you are given the
          assignment of designing a system for the surveillance of all
          citizens and visitors within the boundaries of the USSR. The
          system is not to be too obtrusive or obvious. What would be
          your decision?&quot;<br>
          The think tank RAND essentially answered this question with
          a blueprint for modern payment systems.  Taler offers an
          escape from the financial panopticon.
          </p>
          <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>
        </div>

        <div class="col-lg-12">
          <h2>17-3-2015: Pointing Fingers in Apple Pay Fraud</h2>
          <p>Apple Pay may be easy to use, but the simplistic
            user identification creates opportunities for fraud,
            resulting in much higher fraud rates than even with traditional
            credit card systems.<br>
            Taler does not require user identification, enabling
            ease of use while also being effective against fraud.
          </p>
          <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>
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        <div class="col-lg-12">
          <h2>6-12-2014: Visa and MasterCard's uncompetitive business practices</h2>
          <p>The Visa and MasterCard duopoly has eliminated competition among
             banks, setting fees that take away a significant share of profits from
             small merchants.<br>
             Taler is an open standard with free software
             implementations, so merchants do not have to fear a lack of competition.
          </p>
          <p><a class="btn btn-info" href="http://www.ocregister.com/articles/gas-644344-card-fees.html" role="button">Source</a></p>
        </div>

        <div class="col-lg-12">
          <h2>5-12-2014: US judge rules banks can sue merchant for bad security</h2>
          <p>Merchants taking credit card data from customers now have to additionally
             fear banks suing them for losses.  It is not suggested that the merchant
             in question was not in compliance with PCI DSS security audit procedures.<br>
             With Taler, merchants never handle sensitive personal credit data, and
             thus neither customers, exchanges nor governments would even have standing to
             sue merchants in court.  Thus, if a merchant system were to be compromised,
             the damage would be limited to the merchant's own operations.
          <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>
        </div>

        <div class="col-lg-12">
          <h2>5-12-2014: PayPal for Android gains fingerprint support</h2>
          <p>Following Visa and MasterCard's move to biometrics, PayPal
             now supports authenticating purchases with fingerprint
             recognition.
             Hence, police can now <a href="http://www.findlaw.co.uk/law/government/civil_rights/500374.html">forcefully take user's fingerprints</a> and
             <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
             <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>
             For Taler, we advise users to protect their digital wallets using
             passphrases.
          </p>
          <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>
        </div>

        <div class="col-lg-12">
          <h2>10-9-2014: PayPal accounts hacked with a click</h2>
          <p>Yasser Ali reports a now patched vulnerability in PayPal that would
             have allowed him to reset other user's passwords and take over their
             accounts. This is unlikely to be the last vulnerability found in
             account-based payment systems.<br>
             In Taler, customers do not have accounts with usernames, passwords
             or associated e-mail addresses.  Instead, Taler uses reserves which
             are represented by a private key on the owner's computer.  Users
             create a reserve by depositing currency at a Taler exchange, and can then
             withdraw digital coins from that reserve using the respective private
             key.  There is no limit on the number of reserves a user can have, and
             even hacking the Taler exchange would not provide an adversary with access to
             user's reserves (as the Taler exchange does not have the private keys).
             Stealing in Taler requires breaking into each customer's computer to
             extract the reserve keys or the coins from the digital wallet.
          </p>
          <p><a class="btn btn-info" href="http://yasserali.com/hacking-paypal-accounts-with-one-click/" role="button">Source</a></p>
        </div>
        <div class="col-lg-12">
          <h2>13-11-2014: Visa and MasterCard's to move from passwords to biometrics</h2>
          <p>Visa and MasterCard are planning to &quot;simplify hated verification
             systems&quot; by moving from passwords to security codes on mobiles
             and biometrics.  Continuing their flawed insistence on verifying identity,
             Visa and MasterCard will thus build a very personal picture of their
             customers, from shopping habbits down to their cardiac rhythm.<br>
             Taler does not require a customer's identity to verify a payment, as the
             payment system cryptographically verifies the coins.  Thus, Taler does
             not have to intrude into any personal detail of a citizen's life, and
             certainly not their private medical data.
          </p>
          <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>
        </div>
        <div class="col-lg-12">
          <h2>15-9-2013: NSA follows the Money</h2>
          <p>Despite the EU allowing the NSA access to financial transaction data to
             track terrorists and organized crime, the NSA saw it necessary to
             target international payment processors including SWIFT and Visa.
             As terrorism and organized crime are covered by legal means, industrial
             espionage to improve the US economy is the only remaining US national
             interest within the NSA's mandate that would explain this illegal activity.<br>
             With Taler, exchanges will only learn the value of a merchant's transactions,
             not who paid or for what (governments may learn what was sold).  Thus,
             the Taler exchange is a significantly less interesting target for industrial
             espionage.
          </p>
          <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>
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