"USAA, a privately held bank and insurance company, plans to update its iPhone application this week to introduce the check deposit feature, which requires a customer to photograph both sides of the check with the phone’s camera."
Incredible, now we don't even have to visit our friendly tellers anymore and instead use our iPhone while listening to Paramore on iTunes to deposit a check. What more can we ask for, I say? How about security and fraud prevention for the banks. Although these iPhone applications are open source programs written by a developer, the banks have to be extremely careful to secure these valuable codes to prevent hacking and perversions. I love technology but at the same time we have to walk as we are walking on a buttery surface with glass fragments all over.
Source:
http://www.nytimes.com/2009/08/10/technology/10check.html?_r=2&nl=your-money&emc=your-moneyema4
Monday, August 10, 2009
Thursday, June 18, 2009
Not only are US firms frauding the Treasury so is the Mafia.
Interesting article on how the venal Mafia, is now defrauding the US Treasury. They not only frauded the buyers of millions try $134bn USD in Treasury Bills.
http://www.ft.com/cms/s/0/82091ec2-5c2f-11de-aea3-00144feabdc0,_i_email=y.html
http://www.ft.com/cms/s/0/82091ec2-5c2f-11de-aea3-00144feabdc0,_i_email=y.html
Saturday, April 25, 2009
Obama Administration Previews Cybersecurity Strategy
Melissa E. Hathaway, Acting Senior Director for Cyberspace for the National Security and Homeland Security Councils, said cybersecurity must be approached in a broad, economic context.
Why does she think this is so....Well in a recent 2009 AFP Payments Fraud and Control Survey sponsored by J.P. Morgan, 71 percent of organizations experienced attempted or actual payments fraud in 2008. Further, 38 percent of organizations experienced increased fraud activity during the second half of 2008 as economic conditions worsened in the U.S.
Why does she think this is so....Well in a recent 2009 AFP Payments Fraud and Control Survey sponsored by J.P. Morgan, 71 percent of organizations experienced attempted or actual payments fraud in 2008. Further, 38 percent of organizations experienced increased fraud activity during the second half of 2008 as economic conditions worsened in the U.S.
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