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ZURICH (Reuters) - Swiss watchmaker Swatch SA, Visa Inc and Visa Europe have launched a project that lets Visa cardholders in the United States, Switzerland and Brazil make payments with Swatch's new "pay-by-the-wrist" Swatch Bellamy watch. Set to launch in early 2016, Swatch Bellamy can be used around the world wherever contactless near-field communications (NFC) Visa payments are accepted, the partners said in a joint statement. (Reporting by Michael Shields; Editing by Christoph Steitz) more...

(Reuters) - British mobile payments company Paysafe Group Plc said on Monday it was confident that the data stolen through cyber-attacks in 2009 and 2010 could not be used to access existing Neteller or Skrill customer accounts. The company, formerly known as Optimal Payments Plc, said that third-party attackers had managed to obtain limited account details from 3.6 million Neteller accounts and basic personal details relating to 4.2 million Skrill accounts. Paysafe said that less than 2 percent of these accounts were active in the six months to Nov. 1 and that the data acquired did not include passwords or customer card data, or bank account information. more...

By Clare Baldwin and Donny Kwok HONG KONG (Reuters) - The theft of toy maker VTech Holdings Ltd's database highlights a growing problem with basic cyber security measures at small, non-financial companies that handle electronic customer data, industry watchers said on Monday. The hacked data at VTech included information about customers who download children's games, books and other educational content, the Hong Kong-based toy maker said. "Smaller companies might be targeted less often, but the implications ... can be just as serious," said Bryce Boland, Asia Pacific chief technology officer of cyber security firm FireEye. more...

South Korea's financial regulator has given preliminary approval to two consortia backed by Kakao Corp and an affiliate of China's Alibaba Group Holding Ltd to set up the country's first online-only banks. Kakao, which runs South Korea's most popular mobile chat service, is part of a consortium of 11 partners including units of Tencent Holdings Ltd and eBay Inc that won approval late on Sunday from the Financial Services Commission. Another consortium of 21 partners, led by telecom company KT Corp with Alibaba's Alipay Holding Ltd, also received approval to open an online bank. more...

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