Twitter To Allow Monet Tweets

One of France’s largest banks is partnering with social network Twitter Inc. to allow its customers to transfer money via tweets.

The move by Groupe BPCE, France’s second largest bank by customers, coincides with Twitter’s own foray into the world of online payments as the social network seeks new sources of revenue beyond advertising.

Twitter is racing other tech giants Apple  and Facebook to get a foothold in new payment services for mobile phones or apps. They are collaborating and, in some cases, competing with banks and credit card issuers that have run the business for decades.

The bank said last month it was prepared to offer simple person-to-person money transfers via Twitter to French consumers, regardless of what bank they use, and without requiring the sender know the recipient’s banking details.

“(S-Money) offers Twitter users in France a new way to send each other money, irrespective of their bank and without having to enter the beneficiary’s bank details, with a simple tweet,” Nicolas Chatillon, chief executive of S-Money,  BPCE’s mobile payments unit, said in the statement.

Payment by tweets will be managed via the bank’s S-Money service, which allows money transfers via text message and relies on the credit-card industry’s data security standards.

BPCE and Twitter declined to provide further details ahead of a news conference in Paris later today to unveil the service.

Last month, Twitter started trials of its own new service, dubbed “Twitter Buy”,  to allow consumers to find and buy products on its social network.

The service embeds a “Twitter Buy” button inside tweets posted by more than two dozen stores, music artists and non-profits. Burberry, Home Depot, and musicians such as Pharrell and Megadeth are among the early vendors.

Twitter’s role to date has been to connect customers rather than processing payments or checking their identities.

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Get Ready For Email-Malware Spree

A sizeable uptick in malicious email attachments is just subsiding, but if history is any indicator,several smaller spikes are about to follow that use even more deceptive tactics than their predecessors.

The recent surge, fueled in large part by a flood of fake messages from UPS, is similar to one observed at the end of March in that the messages urge recipients to open an attachment that releases the malware on victims’ machines, according to Internet security firm Commtouch.

The earlier wave used a wide range of package-delivery services as senders, including FedEx and DHL, but the latest outbreak employs a wider variety of messages such as, “Dear client, recipient’s address is wrong”, “Dear User, Delivery Confirmation: FAILED”, and “Dear Client, We are not able to delivery [sic] the postal package”, according to the Commtouch blog.

All the messages then instruct the recipient to open the attachment that contains the malware, claiming it is an invoice or a form that needs to be filled out. “This time we see differences in the style of the emails – there is far more variation in the automatically-generated subjects, body and attachment names. Last time all the attachments were “UPS.exe” – this time there are many variations,” says Avi Turiel, director of product marketing at Commtouch in an email.

The attackers will evaluate the success of the attack by finding out how many recipients activated the malware, “Based on the infections vs. malware sent out they will probably try and figure out what they could improve in the next attack,” he says.

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