By JOHN WILEN, Associated Press
NEW YORK — Frontier Airlines, the latest airline to file for bankruptcy, was pushed over the brink by a problem that could spread to other carriers: credit-card troubles.
The carrier on Friday blamed its Chapter 11 bankruptcy protection on a cash squeeze caused by its credit-card processing company, which […]

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WASHINGTON - Federal employees charged millions of dollars for Internet dating, tailor-made suits, lingerie, lavish dinners and other questionable expenses to their government credit cards over a 15-month period, congressional auditors say.

A report by the Government Accountability Office, obtained Tuesday by The Associated Press, examined spending controls across the federal government following reports of […]

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Obopay India, a wholly owned subsidiary of Obopay U.S.A, a global pioneer in mobile payment services, and YES BANK, a new age private sector Bank focused on innovative banking financial solutions, today announced an alliance to launch secure mobile payment solutions for the first time in India. Mobile users using this […]

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In two unrelated Federal Trade Commission actions, discount retailer TJX and data brokers Reed Elsevier and Seisint have agreed to settle charges that each engaged in practices that, taken together, failed to provide reasonable and appropriate security for sensitive consumer information. The settlements will require that the companies implement comprehensive information […]

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‘Malware’ stole Hannaford data
By Ross Kerber, Globe Staff  |  March 28, 2008
A massive data breach at Hannaford Brothers Cos. was caused by a “new and sophisticated” method in which software was secretly installed on servers at every one of its grocery stores, the company told Massachusetts regulators this week.
The unauthorized intrusion the […]

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Collaboration to create an innovative engine for consumer banking solutions
March 31, 2008
The MIT Media Laboratory and Bank of America today announced the creation of the Center for Future Banking, a five-year collaboration to which Bank of America has committed $3-5 million annually.
“Bank of America is investing in the future of banking. Working […]

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Apr 04 2008 : TJX has reached a US$24 million settlement agreement with MasterCard for data security breach losses suffered by MasterCard issuers worldwide. The TJX payment is to support an “Alternative Recovery Program,” which will compensate issuers for operational expenses and fraud losses linked to the TJX data breach. […]

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By JEANNINE AVERSA AP Economics Writer
AP Economics Writer
It’s a Herculean task: revamping a financial regulatory system dating back to the Civil War to deal with 21st century crises imperiling the country.
Under an ambitious Bush administration plan, the Federal Reserve would take on the unwieldy role of uber cop in charge of financial market […]

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