The Federal Trade Commission has ordered Mastercard to stop its ‘illegal business tactics’ in an effort to level the debit card payment field.
Visa and Mastercard Suspend Russia Business
Visa and Mastercard are the latest, and two of the most influential, companies to suspend operations in Russia in response to its invasion of Ukraine.
Mastercard Partners With Bakkt to Support Crypto
Mastercard has announced a partnership with Bakkt to enable its customers to better embrace cryptocurrencies.
Verizon and Mastercard Team Up to Apply 5G to the Payments Industry
Verizon and Mastercard are partnering to bring the benefits of 5G to the payments industry.
Mastercard Buys CipherTrace to Boost Its Own Crypto Capabilities
Mastercard announced it has acquired CipherTrace, as the payments company continues to expand its crypto capabilities.
Facebook Libra Backers Back Out
A week ago we covered a Wall Street Journal article highlighting potential trouble for Facebook’s Libra cryptocurrency, as multiple backers were reconsidering their commitment to the project. Fast-forward a week and things have only gone from bad to worse. As…
Libra Currency Backers Reconsidering Involvement
The Wall Street Journal (WSJ) is reporting that financial backers of Facebook’s cryptocurrency, Libra, are having second thoughts. According to sources familiar with the situation, Visa and Mastercard—both members of the Libra Association created by Facebook to oversee the project—are…
Microsoft, Mastercard Teamup Enables Small Businesses to Trade Globally
Mastercard and Microsoft recently announced their latest collaboration—the Mastercard Track. The program is described as a distinct trade platform that can be used worldwide.
MasterCard Is Using Facial Recognition for Online Purchases
Biometric security is on the rise, by all reports. One recently suggested that by 2019, over 770 million biometric authentication applications will be downloaded each year. Right now that number is about six million. Apple and other smartphone makers are…
Kylie Minogue Pranks One Of Her Biggest Fans [VIDEO]
What if your favorite singer came to your job or local gym to give you a personal performance? That would be pretty cool, huh? Well, that’s what happened to Adam Miner of Crouch End, England recently, when pop star Kylie…
Microsoft Launches ‘Bing Offers Card-Linked’ Deals
Earlier this year, Bing announced Bing Offers, its latest foray into the local deals space. The product launched across the United States. Today, the company has announced an expansion of that with “Bing Offers Card-Linked”. This is a program they’re…
Foursquare Partners with Visa, MasterCard for Amex-Like Offers
In early 2011, Foursquare and American Express launched a partnership that allowed card-owners to score discounts and cashback by using Foursquare to check-in and spend at certain participating businesses around the country. The program made a big splash on Small…
MasterCard Introduces MasterPass Digital Wallet, Partnership With mFoundry
MasterCard introduced MasterPass today at Mobile World Congress, calling it the “future of digital payments”. The service lets people use any payment card or enabled device to “discover enhanced shopping experiences”. MasterPass includes checkout services for merchants, and connected wallets…
MasterCard and Deutsche Telekom Partner for Mobile Payments
MasterCard and Deutsche Telekom announced today that they have entered into a partnership to bring mobile phone payments to more Europeans over the next year. Deutsche Telekom has around 93 million mobile customers that could soon be using their phones…
Hacker Releases Visa and Mastercard Information Stolen From Chase Bank
According to a hacker who calls himself Reckz, or Jeremy, he has gained access to Visa and Mastercard files through several large banks. He then released the information minus several critical aspects including card number, security code, and expiration date.…
Angry Birds Credit Cards Coming Soon…..To Russia
What is left for Rovio to do after having their Angry Birds games downloaded over 1 billion times? Get into a partnership with a Russian bank to have an Angry Birds credit card of course. According to the Moscow News,…
MasterCard Announces PayPass Wallet Services
A recent survey conducted by MasterCard has shown that consumers demand more efficient and secure checkouts when making purchases. Now MasterCard’s payment platform will better integrate transactions spanning online, mobile and in-store shopping, with the introduction of PayPass Wallet Services.…
Credit Card Processor Hack Update: 1.5 Million Cards Compromised
Last week it was reported that a major U.S. credit card processor’a security had been breached and that millions of credit card numbers and data were stolen. The specific processor that was the victim of the security breach and the…
MasterCard and VISA Warning Banks of Massive Processor Breach
Krebs on Security, a security news and investigation site, is reporting that both VISA and MasterCard are warning banks of a security breach at a U.S. credit card processor. The breach is said to be ‘massive’ with as many as…