IT experts say they have uncovered flaws in the chip and Pin system which are being exploited by fraudsters to use stolen debit and credit cards. 9:21am UK, Friday February 12, 2010 Neal Walker, Sky News Online A team from Cambridge University’s Computer Laboratory found that criminals can insert a “wedge” between any stolen card [...]
Tag Archives: MasterCard
Mon 02/15/2010 - 11:57
Tue 01/12/2010 - 01:04
The New York Times By ANDREW MARTIN Published: January 4, 2010 Every day, millions of Americans stand at store checkout counters and make a seemingly random decision: after swiping their debit card, they choose whether to punch in a code, or to sign their name. It is a pointless distinction to most consumers, since the [...]
Fri 10/30/2009 - 10:46
October 23, 2009 as posted by Digital Transactions Utility companies looking to convert from paper-based billing to electronic payments are continuing to become payment card acceptors, according to the MasterCard Inc. executive who oversees the network’s programs for that merchant sector. “We’re very pleased with the movement towards card acceptance across utilities of all sizes,” [...]
Wed 07/01/2009 - 07:58
Daniel Wallace, Information Security Consultant Posted by Information Security Recources Taking the sting out of MasterCard’s new on-site assessment requirement MasterCard’s Global Security Bulletin distributed to the card brand’s acquirers and processors on June 15th of this year spelled out a new requirement for all Level 2 merchants. Level 2 merchants must hire a PCI-approved [...]
Fri 06/19/2009 - 12:07
The company’s MoneySend service enables people to send money to others using any cell phone or smartphone. By Marin Perez InformationWeek MasterCard has rolled out in the United States a payment service that enables users to do person-to-person transfers with their cell phones or smartphones. The service, called MoneySend, is a technology collaboration with Obopay, [...]
Tue 05/26/2009 - 05:47
By Hugh Son May 22 (Bloomberg) — MasterCard Inc., the world’s second- largest electronic payments network, will lose more than half of a $59 billion portfolio of U.S. debit-card users after JPMorgan Chase & Co. decided to shift more business to Visa Inc., two people familiar with the matter said. MasterCard, which collects fees to [...]
Fri 05/15/2009 - 03:39
May 14, 2009 by ISR News: Excerpts From Finextra MasterCard has teamed with the Bancorp Bank for the launch of its person-to-person mobile payment platform for US issuers. The service – offered via MasterCard’s P2P money transfer system MoneySend – has been developed with m-payments specialist Obopay. Although initially only for Bancorp Bank pre-paid cardholders, [...]
