financial services

Security Keys

What treasury and finance executives need to know about encryption Treasury and finance executives need to know enough about encryption and security to  ensure that those policies not only match the company’s general attitude towards risk, but  also account for particular risks associated with certain departments and processes. Encryption is a good safety measure because […]

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Virtual Reality

New virtual currencies a  risky bet for corporations Virtual currencies have been in the news lately, with Bitcoin in  particular gaining attention from an influx of new users and  acceptance at thousands of retailers. But should all treasury  groups consider using virtual currencies? If so, what are the risks? OkCupid, an online dating service, readily

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Big Questions: Big data offers big opportunities and big risks for treasurers

Big data–the catch-all term for collecting, storing and analyzing massive amounts of data–is the hot business topic this year. For treasury and finance professionals, however, there are some risks associated with big data. These risks include compliance and regulatory risks, the risk of wasting money on misguided big data projects, and the risk of doing

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Cloudy Outlook

Cloudy Does the cloud help or  hinder credit card payment  security and compliance? Depending on whom you ask, processing  credit card payments in the cloud is either  a great leap forward for security and  compliance, or a big step backward. Actually, it can be  either–depending on the type of cloud you have in  mind and

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Cyberinsurance: Products Mature but Still Underused

Risk transfer opportunities have proliferated, as have the threats The bad news keeps coming. Every month, some company somewhere is hacked and loses confidential data. A storm of negative publicity — and lawsuits — quickly follows. Everyone is a potential target, and nobody is safe. Yet, according to a global survey by PricewaterhouseCoopers, the majority

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Russia’s Alfa-Bank And Rosbank Sign Surcharge-Free ATM-Sharing Deal

Alfa-Bank and Rosbank earlier this month merged their ATM networks as the Russian financial institutions looked to compete with Sberbank, the country’s largest bank. The merged network has more than 5,500 ATMs in 539 cities and towns. Customers of the two banks now may use either bank’s ATMs without paying a surcharge fee and without

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Hold the phone: retailers eye payments via smartphone

Near Field Communication (NFC) will enable contactless mobile payments at the register An emerging technology called Near Field Communication will soon give new meaning to the phrase “tapped out.” Once NFC systems become widespread, which could happen as soon as next year, consumers will be able to pay for purchases at the checkout counter by […]

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