Cyber crime is a critical issue for global transaction services, with banks and their clients increasingly under attack. As cyber criminals evolve ever more sophisticated techniques, banks have a new tool in their arsenal: information sharing. But just how successful is it?
An influx of non-bank online payment providers offering customers new, easy-to-use ways to transfer money has spurred some banks into providing similar systems. However, there is some scepticism, particularly in the US, about just how much these new methods threaten traditional banking models.