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News

• 800k terminals undergoing software update for 1 August PIN deadline

  Approximately 800,000 point of sale (POS) terminals in Australia will need a software update as the country phases out signature-based credit and debit card payments.

• Mastercard and Syniverse protect against card fraud with phone geolocation

  Mastercard and roaming infrastructure company Syniverse have come up with a way to protect credit card transactions abroad with help from a phone's location.

• MWC:MasterCard adds in-app payments to MasterPass mobile platform

  MasterCard is helping to bring impulse buying to the world of apps by adding the ability to make purchases within a mobile app to its MasterPass service, which lets consumers store payment information on their devices and purchase items with a tap on the display.

• WikiLeaks donations by Visa ruled OK in Iceland

  The three-year blockade against donations to WikiLeaks may have just been chiseled away, in Iceland, by a ruling handed down by the European country's Supreme Court.

• MasterCard mobile digital wallet will arrive Down Under in March

  MasterCard has announced it will launch MasterPass Down Under next month, with the credit card company already securing partnerships with several major Australian banks and retailers.

• Two former Anonymous members jailed in UK for PayPal, Visa DDoS attacks

  Three men were sentenced Thursday in the U.K. for their roles in a series of distributed denial-of-service (DDoS) attacks launched against financial and music industry organizations in 2010 by the Anonymous hacktivist collective.

• Australians would buy local if it wasn't cheaper overseas: MasterCard

  Unless they have to pay more, most Australians prefer to buy from Australian websites when shopping online for the holidays, according to a MasterCard study released today.

• Former Anonymous member convicted in attacks against PayPal, MasterCard, Visa, others

  A 22-year-old U.K. man was convicted for his involvement in a series of distributed denial-of-service attacks launched by the hacktivist group Anonymous against PayPal, MasterCard, Visa and other companies in 2010.

• Anonymous' Robin Hood credit card fraud campaign could hurt more than just banks

  Hacktivist groups Anonymous and TeaMp0isoN have joined together in a new campaign that involves compromising credit card details and using them to donate money to charities, homeless people and anti-government protesters around the world.

• MasterCard gives sneak peek into mobile payments future

  MasterCard on Thursday gave a sneak peek into the near future of mobile payment systems and said that the Google Wallet application is within weeks of being rolled out commercially.

• MasterCard, Visa face EU complaint over WikiLeaks donations

  WikiLeaks' card payment processor is preparing legal action against Visa Europe, MasterCard Europe and other payment intermediaries after its contract to process payments was abruptly terminated following WikiLeaks' release of secret U.S. diplomatic cables last November.

• Satyam sets up testing center for MasterCard

  Satyam Computer Services is setting up a business applications testing center in Kuala Lumpur, Malaysia, for payments company MasterCard, reflecting a growing interest among customers to sign up new business with the Indian outsourcer as it recovers from a financial scandal.

• MasterCard takes on Rugby World Cup scammers

  International credit card provider MasterCard has claimed it has sufficient card security measures in place at stadiums around the country, allaying the potential concerns of Rugby Union fans travelling to New Zealand for the sport’s world cup in September.
  

• MasterCard Australia outlines card security roadmap

  International card provider, MasterCard, has outlined a five-year plan for making its Australian network more secure through the use of card security measures, such as the Europay, MasterCard and Visa (EMV) standard.

• Bank of America cuts services for WikiLeaks

  Bank of America has joined the growing list of financial and technology companies that have cut off services to WikiLeaks, a move that comes amid speculation that the whistleblower site is preparing to release information about the bank.