MasterCard, Visa warn of possible security breach

MasterCard, Visa warn of possible security breach 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

Google Wallet a security risk: Researchers

Google Wallet a security risk: Researchers Reuters: Security researchers said they found a vulnerability in the Google Inc mobile payments platform which is currently available in phones sold by Sprint Nextel Corp. Mobile payment services that allow consumers to pay by waving their phone at a check-out terminal, instead of using a credit card, have long been available in Japan and some other countries but are only just emerging in the United States. Isis, a venture...
10:19 AM, Feb 11, 2012

Google offers credit card to advertisers

Google offers credit card to advertisers San Francisco: Google Inc is introducing a credit card for its advertising customers, offering its clients a credit line to try and drum up business as competition in the online ad market heats up. Google is offering the card to select US clients with what it calls a competitive interest rate, an ample credit line and no annual fee. The catch: it can only be used to buy search advertising...
07:43 AM, Jul 21, 2011

WikiLeaks getting credit card funds

WikiLeaks getting credit card funds 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

Google launches Wallet pay-by-phone system

Google launches Wallet pay-by-phone system New York: US shoppers soon will be able to use mobile phones to pay for things at the checkout counter under a system unveiled by Google Inc and other major companies. Google, MasterCard, Citigroup, Sprint and transaction processing company First Data will make the service available this summer in New York and San Francisco, Google said on Thursday. The service, which competes with plans by Visa and other top US...
12:44 PM, May 27, 2011

Google to unveil mobile payments

Google to unveil mobile payments New York: Google Inc will take the wraps off a mobile payment system on Thursday that lets consumers pay at checkout with phones instead of cards, a source said, hoping to beat Visa and others to the punch. The Internet search and advertising leader will work with MasterCard Inc, the world's second-largest credit and debit card processing network, to launch the system, the source familiar with the matter told Reuters...
09:39 AM, May 25, 2011

Sony breach could cost card lenders $300 mn

Sony breach could cost card lenders $300 mn New York: Credit card lenders could be facing more than $300 million of card replacement costs if customers affected by the Sony Corp data breach decide to replace their credit cards. Analysts have previously estimated that the incident could cost Sony more than $1.5 billion, but this is the first time they have put a price tag on how much major lenders will also suffer. "It's not insignificant," Sanjay Sakhrani,...
06:46 AM, Apr 29, 2011

Visa claims new software catches more fraud

Visa claims new software catches more fraud San Jose: It's not just consumers who have to make hard choices when paying with plastic. Credit card companies choose to scrutinise some bits of information for signs of fraud while ignoring others. And those decisions are made in a fraction of a second when approving or denying a sale. Visa, which operates the world's biggest electronic payment network, is speaking publicly Thursday for the first time about new technologies...
09:24 AM, Jan 07, 2011

Banks want chip-and-PIN flaw exposure hushed up

Banks want chip-and-PIN flaw exposure hushed up London: Banks were accused of a cover-up after they tried to silence a Cambridge University scientist who exposed a fatal flaw in chip and PIN card security. The UK Cards Association (UKCA), which represents the country's biggest banks, objected to research that showed how a simple 20 pounds device could be used by fraudsters to buy goods without entering a valid personal identification number at the till. Former Labour MP...
01:03 PM, Dec 29, 2010

Worst recession in 8 decades is officially over

Worst recession in 8 decades is officially over New York: On a day the Sensex touched the 20,000 mark for the first time since January 2008, there’s some more good news. The worst economic recession in eight decades is now officially over. Stocks surged on Monday to a 4-month high on news that the great recession is officially over! The Dow jumped 145 points to close at 10,753, the Nasdaq closed 40 points higher and the S and...
11:40 AM, Sep 21, 2010
China's credit card debt crosses $800 million

China's credit card debt crosses $800 million

As the world battled recession, the Chinese bought more credit cards. ...
11:55 AM, Nov 12, 2009

Hackers held for 130 mn credit card numbers theft

Hackers held for 130 mn credit card numbers theft The heist has been described as the largest data breach ever in US. ...
12:50 PM, Aug 18, 2009

Paying on card? Here's what you do to be safe

Paying on card? Here's what you do to be safe From August 1 you have to register yourself with your bank's website. ...
11:48 PM, Jul 31, 2009
Next in security: ID card to use your credit card

Next in security: ID card to use your credit card

Identity proof needed for high-value transactions. ...
11:05 PM, Jul 27, 2009

Want to shop with credit, debit cards? Carry photo ID

Want to shop with credit, debit cards? Carry photo ID Banks have asked merchants to do so to check fraud-related activities. ...
06:07 PM, Jul 26, 2009
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