London: WikiLeaks has said it has secured a victory in Iceland's Supreme Court against the financial blockade imposed by Visa and MasterCard on donations for the secret-spilling site. Visa and MasterCard were among half a dozen major US financial firms to pull the plug on WikiLeaks following its decision to begin publishing about 250,000 US State Department cables in late 2010.
WikiLeaks has claimed that the financial blockade led to a 95 per cent fall in revenue. It said on Wednesday that Iceland's Supreme Court had upheld a district court's decision that MasterCard's local partner, alitor, had illegally terminated its contract with WikiLeaks' payment processer, DataCell. The court warned Valitor it would be fined 800,000 Icelandic krona (USD 6,824) per day if the gateway to WikiLeaks donations is not reopened within 15 days, WikiLeaks said.
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06:54 AM, Apr 25, 2013
New York: Visa, MasterCard and major banks agreed to pay retailers at least $6 billion to settle a long-running lawsuit that alleged the card issuers conspired to fix the fees that stores pay to accept credit cards. As part of the settlement, announced late Friday, stores from Rite Aid to Kroger will be allowed to charge customers more if they pay using a credit card. The pact, which is being...
07:38 AM, Jul 14, 2012
New Delhi: Global credit card giant MasterCard is investigating a possible breach of cardholder information, says The Wall Street Journal. The breach was reported by Krebs On Security blog and which also said that MasterCard's rival Visa was also informing card-issuing banks about a breach involving a US-based payment processor. None of the credit card companies have indicated which payment processor was the source of the breach. WSJ quotes MasterCard...
08:58 PM, Mar 30, 2012
New Delhi: Google has announced the release of its Google Wallet application that can enable phones to make payments. The app is being initially offered on Sprint's network in the US for Sprint Nexus S 4G phones. Google had first announced the app in May 2011. Google Wallet enables users to pay with their Citi MasterCard credit card and the Google Prepaid Card, which can be funded with any existing...
12:53 PM, Sep 20, 2011
London: WikiLeaks and the Icelandic IT company DataCell filed a formal complaint to the European Commission on Thursday, saying payment companies Visa Europe and MasterCard Inc violated EU antitrust laws by blocking donations. Visa Europe, which runs the largest card network in the European Union, and MasterCard blocked WikiLeaks from using its network to collect funds from donors in December 2010. The complaint, filed to the Directorate-General for Competition of...
11:09 AM, Jul 15, 2011
London: WikiLeaks has again begun accepting credit card donations, a company affiliated with the secret-spilling site said Thursday. Andreas Fink, the chief executive of Icelandic payment processor DataCell, told The Associated Press that Visa and MasterCard were again processing payments to WikiLeaks after a seven-month hiatus. Fink claimed the move as a tacit admission of guilt from the credit card companies, but it may well have been accidental. Visa Europe...
07:28 AM, Jul 08, 2011
Mumbai: The much talked about India's 'Rupay' cards are here and it may not be long before it replaces the logos of Visa and Mastercard. Rupay or Rupee Pay is the new card payment scheme launched by the National Payment Corporation of India (NPCI), a company started three years back by ten banks, to oversee all retail payment systems in the country. Currently, all card payments are routed through Visa...
09:57 AM, Jun 22, 2011
Bangalore: Google is joining Citigroup and Mastercard to set up a mobile payment system that will turn Android phones into a kind of electronic wallet, the Wall Street Journal said, citing people familiar with the matter. The new technology, which is in its early stages, will allow consumers to wave their Android phones in front of a small reader at the checkout counter to make payments, the Journal reported. The...
05:55 PM, Mar 28, 2011
Washington: Bank of America Corporation has joined several other financial institutions in refusing to handle payments for WikiLeaks, the latest blow to the secret-releasing organisation's efforts to continue operating under pressure from governments and the corporate world. The Charlotte, North Carolina-based bank's move adds to similar actions by Mastercard Inc and PayPal Inc. Though previous moves have prompted reprisals by hackers, Bank of America's site is as well-protected as they...
04:41 PM, Dec 19, 2010
London: Facebook and Twitter deleted the accounts of cyber activists who targeted Visa and other Internet payment sites that sought to block the WikiLeaks website after its release of US diplomatic cables. Facebook confirmed it had removed the activists' Operation Payback site on Thursday because it was promoting a distributed denial of service attack - an illegal form of freezing websites. Twitter declined to comment. The swoop against Operation Payback's...
12:33 PM, Dec 10, 2010
New York: The websites for Visa and MasterCard were inaccessible for parts of Wednesday, likely the result of attacks by WikiLeaks supporters who are angry that the credit card companies had stopped processing donations to the organization. Both MasterCard and Visa said that cardholders' accounts were not at risk and that people could continue using their credit cards throughout the day. Supporters of the WikiLeaks, which has released thousands of...
11:47 AM, Dec 09, 2010
Boston: Advocates of WikiLeaks founder Julian Assange quickly built a cyber army that took down MasterCard Inc's website using simple tools posted on the Web. MasterCard's website was shut down for much of the day on Wednesday as a group calling itself AnonOps organized a "Denial of Service" attack on the credit card giant, which had stopped processing donations for WikiLeaks after the United States criticized its release of sensitive...
11:32 AM, Dec 09, 2010
London: Hackers have crashed the website of credit card firm MasterCard in apparent retaliation for its blocking of donations to the Wikileaks website, the BBC and other media reported on Wednesday. MasterCard was not immediately available to comment. The website did not appear to be available online. Web activists calling themselves Anonymous threatened earlier this week to launch denial of service attacks against businesses such as online payment firm PayPal...
07:01 PM, Dec 08, 2010
Shirish Apte along with Stephen Bird have been made CEOs for Asia-Pacific. ...
11:25 AM, Jul 07, 2009
New survey reveals, women make more purchases online than men. ...
02:10 PM, Sep 23, 2008
Mumbai has grabbed a place in the list of world's top 10 financial flow hubs, beating Hong Kong and Beijing. ...
06:00 PM, Jun 18, 2007
