i know most of us watching shows like, this we don't think of people who are unbanked in society but want to be part of the economy. it's like globally. once you open the market to the next billion people coming on-line and the next billion people who can make, you know, cell phone, text payments and that sort of thing, i think it changes the economy quite radically. >> let's talk about a story we have been following the last several months, the massive decline in oil prices. that's throwing off kinds of ripples in to the economy. i wonder how you think it plays out in 2015. >> for two reasons, one we have an oversupply and smaller demand than people thought and also for geo strategic reasons it was clear dau saudis weren't going to cut production because it helps their geo strategic goals right now to have lower oil prices. every silver lining has a cloud and the cloud, as saudis know it will kout cut back on fracking and alternative energy in the united states. this is hugely important in our attempts to contain russia and putin's ambitions. so loi low oil prices are great for the

there's loads of us watching shows like this we don't think of people who are unbanked in society but want to be part of the economy. it's like globally when you open the market to the next billion people coming online who could make cellphone, text payments, i think it changes the economy radically. >> let's talk about the massive decline in oil prices throwing out all kinds of ripples, dhou you think it will pay out in 2015. >> one we have an over suppose and smaller demand than people thought but also geo statistically it was clear to have lower oil prices. the cloud is as the saudi's know it will probably cut back on fracking and alternative energy in the united states. on the other thing, this is hugely important in our attempts to contain russia and putin's ambition, low oil prices are truly great for the american consumer and for america's interests and not as good for us to develop alternative sources. >> what happened? does that stuff fizzle out or does it have staying power. >> you take elon musk one of the great innovators of our time, he is doing battery and electric cars,

there are 70 million americans who are unbanked or under-banked, who don't qualify for credit cards.rankly, what we are providing to them is a low-cost product that is on a digital platform. they can use it as a plastic card, but they can also use there mobile phone. what it provides them are a set of capabilities for their financial affairs. it allows them to make payments. it allows them to deposit. and what has opened up is an opportunity that many of these customers, who could not qualify for a credit card, now can shop online. the other thing that walmart has done, they've come up with a very innovative product called savings catcher, where you can look on your mobile phone, look at the barcode of a product you are purchasing, and in a 12-mile radius, if you could have purchased the product at a lower cost at another store, they will refund the difference to you on a gift card. if you use a bluebird card, you get double the savings. so this is meeting a need, an unmet need, at a lower cost, and it is opening up a tremendous opportunity. >> business is of great concern to you. >>

and then a very good case unbank malware, malware those able to steal money and also locked computer to grow up more of these operations in the years to come. >> so what is those that we try to work with? industry, all the financial institutions, european banking federation everybody else. down here with mcafee, with microsoft come with everybody else. actually direct adviser to the european cybercrime center. not added system. we decide to m.o.u.s with two university groups. loads of information we can make use of in european cybercrime center. here is what we build up now. european union cyber crime task force, i'm chairman for the 20th member states. we also european cybercrime training and education group. now we create the same training and all the 20 countries so don't do different chain but we use the same tools and the same way doing it. we do exactly the same on crime prevention. last but not least on forensics. otherwise if you make a forensic evidence in one case, you were a swedish police also we cannot use any german court. if it was not done in the same way. so we need