Federal Reserve Investigating Bitcoin, PayPal And Other Online Payment Services For Security Breaches - CAPP

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TOPIC: Federal Reserve Investigating Bitcoin, PayPal And Other Online Payment Services For Security Breaches

budnonymous

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Date: Jun 5, 2013

Federal Reserve Investigating Bitcoin, PayPal And Other Online Payment Services For Security Breaches	Permalink

Federal Reserve Investigating Bitcoin, PayPal And Other Online Payment Services For Security Breaches By Alexander C. Kaufman \| June 03 2013 2:34 PM The U.S. Federal Reserve is investigating the possible risks in online payment systems like PayPal Inc. and the virtual currency bitcoin, as bankers worry that new online players could disrupt the financial system, officials said at a conference on Monday. "We have been talking ... with banking organizations over the last year or two, trying more carefully to understand what the concerns are with these new payment mechanisms," Federal Reserve Vice Chair Janet Yellen said, according to Agence-France Presse. ... ( ^ continues at link ) __________________ Capp Vids \| Capp WP \| Tweetstream Exposing the sleazery of ebaY and PayPal

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