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Baker Institute paper looks at electronic money trail

A dramatic growth in technologies, combined with older methods of money transfers, has helped create new opportunities for criminals to cover their financial tracks. A new report by Rice University's Baker Institute for Public ...

PayPal letting Google phones swap cash

Online financial transactions giant PayPal on Wednesday showed off a mini-program that lets people exchange money by touching together a pair of Google smartphones.

Rivals likely to reach for Google's 'Wallet'

With the announcement of "Google Wallet" the Internet giant became the first player to dash into a future where people use smartphones as credit cards, but rivals are expected to cut its lead short.

Google turning smartphones into wallets: source

Google on Thursday will launch a mobile payment platform that lets people use smartphones to pay at shops as easily as they use a credit card, according to a source familiar with the matter.

American Express makes digital wallets

American Express on Monday launched an online financial transactions service that it claims goes beyond what others provide in a market dominated by PayPal.

'Spectacular' cyber attack hits French government

The French finance ministry has shut down 10,000 computers after a "spectacular" cyber attack from hackers using Internet addresses in China, officials and reports said Monday.

Researchers skeptical about bank taxes, regulations still needed

Taxes on executive bonuses, financial transactions and excess profits are a few of the taxes proposed or enacted to punish banks for their role in the recent financial crisis, but most of these ideas have shortcomings, says ...

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