Daily Archives: August 18, 2018

Ondot’s Mobile Card Controls Provide Protection to Thousands of Banks from ATM Heist Threat

-Card controls counter threat of FBI’s warning on unlimited ATM cash out crime –

Santa Clara, Calif., Aug. 17, 2018 (GLOBE NEWSWIRE) — US mainstream media is reporting on a FBI warning to banks of an impending cybercrime wave targeting ATMs in which thieves seek to steal millions of dollars by using cloned cards for fraudulent withdrawals. Ondot, the global leader in mobile payments services, provides consumers a simple protection with mobile-based card controls that can restrict ATM transactions without completely shutting off the card for legitimate needs.

Ondot’s mobile controls can give consumers the ability to restrict transactions specifically for ATMs while leaving their cards active for in-person purchases, eCommerce, and other purchases. By locking the account’s use at an ATM, consumers can work with their financial institution to ensure other security best practices are in place while knowing that even a spoofed card will be unable to withdraw cash. If emergency cash is needed, users can momentarily enable ATM withdrawals, withdraw the funds, and then immediately disable ATM transaction again. Every transaction triggers an immediate alert to users, thereby providing instant visibility and peace of mind.

“Ondot powers the card control applications for more than 3,500 financial institutions, enabling millions of consumers an additional layer of protection to ensure that they are not victimized by ATM heists,” said Gary Singh, Vice President of Marketing for Ondot.

About Ondot Systems
Ondot Systems is the global leader in powering mobile payment services, serving over 3,500 financial institutions across four continents. The company’s real-time platform, built upon an API based services-oriented architecture, gives financial institutions a competitive edge by increasing mobile engagement and empowering their customers to personalize, manage and control how payments are made in today’s world of always-on digital commerce, resulting in higher usage of payment instruments while lowering fraud incidents. To learn how Ondot is shaping the future of payments, visit www.ondotsystems.com.

Attachments

Gary Singh
ondot systems
+1 5105997758
gary.singh@ondotsystems.com

Turkish high court rejects appeal for US pastor Brunson’s release

A Turkish court has rejected an appeal to release Andrew Brunson , a US pastor at the centre of a dispute between Ankara and Washington.

A high court in Izmir said on Friday Brunson would stay under house arrest, upholding a decision taken by a lower court earlier this week. Brunson’s lawyer said he would appeal again in 15 days. The clergyman has been held since 2016 when he was arrested in a Turkish government crackdown following a failed coup bid. He faces 35 years in prison on espionage and terror-related charges. The court ruling comes amid a diplomatic spat between Turkey and the US that has seen tariffs from both sides pile up and an exchange of threats of further sanctions.

Source: VOV5

ASIAD Games kicks off in Indonesia

The 18th Asian Games will begin on Saturday with a grand-scale opening ceremony taking place at Jakarta’s Gelora Bung Karno Stadium.

The 3-hour opening ceremony will start at 7 p.m involving 4,000 dancers, 18 singers, and hundred Indonesian musicians.

The multi-sport event scheduled to be held from August 18 to September 2 draws 11,000 athletes from 45 countries and territories competing in 40 sports. The Vietnamese delegation consists of 352 athletes whose aim is to snatch at least three gold medals. Fencing star Vu Thanh An will carry the Vietnamese flag at the opening ceremony.

Earlier on Friday, South Korea suffered a 1-2 loss to Malaysia in the men’s football competition at the 18th Asian Games in Indonesia. Malaysia reached first place in Group E to meet Vietnam or Japan in the next round.

Source: VOV5

Localities overcome consequences of heavy rains, floods

Heavy rains and massive floods have caused sizable damage to many northern and central provinces.

Torrential rains in Thanh Hoa over the past several days have caused landslides and blocked main roads in mountain areas. Muong Lat and Lang Chanh were the most affected communes.

Cao Van Cuong, Chairman of Muong Lat district’s People’s Committee, said functional agencies are repairing broken road sections. The district has mobilized all machines to repair roads to ensure traffic as soon as possible. We have 6 vehicles working on 2 itineraries.

Households in areas prone to landslide have been evacuated to safe places. Functional agencies and local military units in Thanh Hoa province have sent cars, boats, and hundreds of soldiers to help people.

In Son La province, 3 people were reported to have died and missing in floods. 130 ha of crops was inundated and many hamlets were isolated. The province has used all resources to find the missing and repair broken roads.

Source: VOV5

Deputy Prime Minister attends Moc Hoa victory’s 70th anniversary

Deputy Prime Minister Truong Hoa Binh on Saturday attended a ceremony to mark the 70th anniversary of Moc Hoa victory in Long An province.

He said Viet Bac victory in 1947, border battle in 1950, and Moc Hoa victory in 1948 generated a great momentum for Vietnamese soldiers and civilians to win further victories in the struggle for national independence toward national reunification in 1975.

Deputy Prime Minister Binh urged the Long An provincial Party Committee and people to unite in production and promote local advantages for sustainable economic development.

Source: VOV5

Russia, China promise to keep their commitment to Iran nuclear deal

Russia and China have reiterated that they will continue their commitment to the 2015 Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), and will maintain their cooperation and relations with Iran in the face of new US sanctions.

Russia continues to consistently implement its commitments under the JCPOA, the Russian Foreign Ministry said in a statement on Friday. It added that Russia’s Rosatom State Nuclear Energy Corporation was initiating an array of projects designed to ensure the compliance with requirements of the Iran nuclear deal. The Russian ministry further stressed that Moscow would help Tehran in managing the surplus low-enriched uranium, and carry out cooperation with Iran in specific areas for the peaceful use of nuclear energy. Separately on Friday, China’s Foreign Minister Wang Yi reaffirmed that Beijing would continue its cooperation and relations with the Islamic Republic during a telephone conversation with his Iranian counterpart Mohammad Javad Zarif, saying the JCPOA is in line with the international community’s common interest.

Source: VOV5

US to end fund on Syria stabilization initiative

The US State Department on Friday said that the fund of some 230 million US dollars targeted to support the stabilization initiative in Syria would be withdrawn.

In a statement, State Department spokesperson Heather Nauert said that Secretary of State Mike Pompeo has authorized the Department of State to “redirect approximately 230 million USD in stabilization funds for Syria which have been under review.” She explained that the fund could be offset by the approximately 300 million U.S. dollars that the Department has elicited since April “in contributions and pledges from Coalition partners to support critical stabilization and early recovery initiatives in areas liberated from ISIS in northeast Syria.”

Source: VOV5