Citibank turns rewards into 'social currency'
Credit card rewards are the new social currency. Citibank customers can now use Facebook to pool their rewards points online.
Credit card rewards are the new social currency. Citibank customers can now use Facebook to pool their rewards points online.
Internet
Jan 3, 2012
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Google opened its smartphone wallet to the public on Monday.
Telecom
Sep 19, 2011
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Google on Tuesday said it is investing $55 million into a California wind energy farm, raising to $400 million the amount of money the technology giant has pumped into clean energy projects.
Energy & Green Tech
May 24, 2011
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Internet mogul Kim Dotcom said Thursday he was considering taking legal action against tech giants such as Twitter, Google and Facebook for infringing copyright on a security measure he invented.
Internet
May 23, 2013
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A new study shows computer network security analysts are not prepared for drawn out cyber attacks.
Internet
Nov 30, 2012
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India's IT outsourcing sector has nearly doubled the number of jobs it has created in the US in the last five years and now employs more than 100,000 people, an industry group said on Friday.
Business
Mar 23, 2012
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As consumers, we transmit valuable personal information to the companies with which we do business. In doing so, we trust that information will remain secure. Over the past year, however, we have learned of a number of instances ...
Internet
Nov 26, 2011
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Bill Conner runs a defense company whose customers are threatened by new forms of global attack every day.
Internet
Nov 14, 2011
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Germany's interior minister opened Thursday a new cybersecurity centre to protect the country's infrastructure from what he said was a growing menace posed by hackers.
Internet
Jun 16, 2011
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(AP) -- It's been nine months since I've written a check. That's not to say I'm on some 12-step program to resist shopping. My credit card bills would suggest otherwise. Rather, when I opened a new bank account in March, ...
Internet
Dec 30, 2009
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Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York. As of March 2010[update], Citigroup is the third largest bank holding company in the United States by total assets, after Bank of America and JP Morgan Chase.
Citibank has retail banking operations in more than 100 countries and territories around the world. More than half of its 1,400 offices are in the United States, mostly in New York City, Chicago, Los Angeles, the San Francisco Bay Area, Washington, D.C. and Miami. More recently, Citibank has expanded its operations in the Boston, Philadelphia, Houston, and Dallas metropolitan areas.
In addition to the standard banking transactions, Citibank offers insurance, credit cards and investment products. Their online services division is among the most successful in the field,[citation needed] claiming about 15 million users.
As a result of the global financial crisis of 2008–2009 and huge losses in the value of its subprime mortgage assets, Citibank was rescued by the U.S. government under plans agreed for Citigroup. On November 23, 2008, in addition to initial aid of $25 billion, a further $25 billion was invested in the corporation together with guarantees for risky assets amounting to $306 billion. Since this time, Citibank has repaid its government loans in full.
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