Mastercard

Apps & Software
July 7, 2015
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Selfies MasterCard

MasterCard’s Wild Plan to Authorize Purchases by Analyzing User Selfies

By on July 7, 2015 at 6:45 PM.

MasterCard’s Wild Plan to Authorize Purchases by Analyzing User Selfies

With each passing year, consumers continue to spend more and more time and money shopping online, both via mobile devices and the desktop. As a result, there’s also been a corresponding rise in the level of online fraud in recent years.

In the latest, and perhaps most bizarre, effort we’ve seen to stem the incidence of mobile fraud, MasterCard is working on a new security scheme that would authorize online transactions by having users take a photo of their face as a means to verify their identity. Think of it as Apple’s TouchID, but with one’s face serving as the digital fingerprint.

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Apps & Software
October 22, 2014
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MasterCard Apple Pay Priceless Ads

Video: MasterCard is doing for Apple what Google can only dream of

By on October 22, 2014 at 12:25 PM.

Video: MasterCard is doing for Apple what Google can only dream of

On Tuesday during the first game of  the World Series, MasterCard ran two new commercials that focused on its support for the newly launched Apple Pay service. As part of its new “Priceless Surprises” promotion, Apple Pay users will be eligible to win prizes every time they use their MasterCard to buy something through Apple’s mobile payment platform.

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Apps & Software
October 21, 2014
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Where Can I Use Apple Pay

Use this app to find every place near you that accepts Apple Pay

By on October 21, 2014 at 12:01 PM.

Use this app to find every place near you that accepts Apple Pay

Apple Pay has only just come out but there are already plenty of places that accept it. And if you want to find out which places near you are already set up with Apple Pay terminals, we recommend downloading MasterCard’s free MasterCard Nearby app from the iTunes Store that will let you know about every location in your area that accepts MasterCard contactless payments. More →

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Security
June 19, 2012
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More than 79 banks breached, 50GB of data stolen, hacker claims

By on June 19, 2012 at 8:25 PM.

More than 79 banks breached, 50GB of data stolen, hacker claims

Visa Mastercard Hacked

A hacker known as Reckz0r on Twitter announced that he has illegally accessed servers belonging to dozens of large banks. To prove it, the hacker released data relating to Visa and MasterCard credit cards. The data leaked includes full names, addresses, debit or credit card type, phone numbers and email addresses. Reckz0r claims this is only a portion of the data stolen, and the full amount is “about 50GB or bigger” taken from “over 79 large banks” that he has been targeting over the last three months. Global Payments, an international credit card processing company, confirmed in March that hackers stole credit card numbers belonging to as many as 1.5 million MasterCard and Visa customers. It is unclear if the data leaked by Reckz0r was involved with the earlier breach, however. More →

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Security
April 2, 2012
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Hackers steal 1.5 million card numbers in huge MasterCard, Visa breach

By on April 2, 2012 at 8:30 AM.

Hackers steal 1.5 million card numbers in huge MasterCard, Visa breach

Hackers stole credit card numbers belonging to as many as 1.5 million MasterCard and Visa customers, Global Payments, Inc. confirmed on Sunday. The international credit card processor was blocked by Visa after it reported the possibility of a major security breach on Friday. The company did not indicate how the hackers gained access to its system or who might be responsible for the attack. “Based on the forensic analysis to date, network monitoring and additional security measures, the company believes that this incident is contained,” the firm told The Wall Street Journal while noting that cardholder names, addresses and Social Security numbers were not compromised. The company did say that the credit card numbers were downloaded during the attack rather than just being accessed, however, indicating that the perpetrators may intend to use the information to create counterfeit credit cards. Affected Visa and MasterCard customers have not yet been notified that their account information was stolen.

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Security
March 30, 2012
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MasterCard and Visa warn of possible massive security breach

By on March 30, 2012 at 2:30 PM.

MasterCard and Visa warn of possible massive security breach

The world’s two largest credit card processors have notified U.S. banks of a potential security breach that may affect more than 10 million cardholders, Reuters reported on Friday. MasterCard and Visa have said that the issue was the result of a third-party vendor and not their own internal systems. MasterCard said it has taken the proper steps by alerting law enforcement officials and hiring an independent data-security organization to review the possible breach. “MasterCard is concerned whenever there is any possibility that cardholders could be inconvenienced and we continue to both monitor this event and take steps to safeguard account information,” the company said in a statement. “If cardholders have any concerns about their individual accounts, they should contact their issuing financial institution.” Visa made sure to emphasize that its customers are not responsible for any potential fraudulent charges. More →

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Mobile
January 31, 2012
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Apple taking NFC payments mainstream with iPhone 5

By on January 31, 2012 at 11:40 AM.

Apple taking NFC payments mainstream with iPhone 5

Ed McLaughlin, MasterCard’s head of emerging payments, sat down with Austin Carr of Fast Company to discuss the future of credit cards. “We’re rapidly moving to a world beyond plastic,” said McLaughlin. “In many ways, plastic is just convenient packaging.” The future of on-the-go payments may lie in the hands of near-field communication but unfortunately, adoption and availability have been extremely slow and limited. While NFC technology has been featured in a number of Android devices, MasterCard seems to think it won’t go mainstream until an iPhone is equipped with the mobile payment solution. Read on for more. More →

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Mobile
September 19, 2011
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Google Wallet with MasterCard now available on Sprint Nexus S 4G [video]

By on September 19, 2011 at 5:35 PM.

Google Wallet with MasterCard now available on Sprint Nexus S 4G [video]

Google Wallet, a new near-field communications (NFC) based payment system created by Google in partnership with MasterCard and a number of additional partners, is now available on Sprint’s Nexus S 4G. Google Nexus S users on AT&T and T-Mobile are left out in the cold for now. MasterCard confirmed that an over-the-air update is being pushed to the Nexus S 4G on Monday that will automatically install the Google Wallet app. Once it is installed, users can enter in their MasterCard information and use their Nexus S 4G to make tap-and-go payments at 300,000 PayPass locations around the world. Initial users will receive a $10 bonus on their Google Prepaid MasterCard accounts for being an early adopter, too. Google also announced on Monday that Visa, Discover and American Express have provided their NFC specifications so that those payment options can be added to Google Wallet in the future. Read on for a quick video of Google Wallet in action. More →

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Featured
July 21, 2011
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BGR Interview: MasterCard SVP of Mobile, James Anderson

By on July 21, 2011 at 12:00 PM.

BGR Interview: MasterCard SVP of Mobile, James Anderson

MasterCard announced earlier this week that it would partner with with ISIS to help foster the growth of NFC-based mobile payment solutions in the U.S. ISIS, formed in November last year by Verizon Wireless, AT&T and T-Mobile, intends to deliver a complete mobile wallet solution that ambitiously aims to replace cash, credit cards, debit cards, coupons and more with one comprehensive mobile solution. So we know about ISIS and now we know MasterCard is on board, but MasterCard is hardly a newcomer in the contactless payments space. BGR recently had a chat with MasterCard’s Senior Vice President of Mobile, James Anderson, to discuss the past, present and future of mobile payments here in the U.S. Of course NFC-based contactless payment solutions are at the forefront of discussions surrounding the mobile payment space right now, and who better to discuss NFC with than the man recently named Vice Chairman of the NFC Forum? Our full Q&A with Anderson can be found below.

BGR Interview is a series of interviews and conversations with executives, influencers, tastemakers and innovators, covering the mobile and consumer electronics industries. More →

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Mobile
July 19, 2011
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American Express, Discover, MasterCard, and Visa partner with ISIS for mobile payments

By on July 19, 2011 at 2:35 PM.

American Express, Discover, MasterCard, and Visa partner with ISIS for mobile payments

American Express, Discover, MasterCard, and Visa announced a new partnership with ISIS on Tuesday. ISIS is a mobile initiative that was formed in April of last year by AT&T, T-Mobile, and Verizon Wireless in an effort to help foster the growth of using near-field communications for mobile payments. It’s currently being tested in Salt Lake City and Austin. Tuesday’s announcement means that, as the mobile market moves closer and closer to a time when we can actually use our phones to make tap-and-go payments, consumers will have more payment options. MasterCard also teamed up with Google and Sprint on Google Wallet, which will launch in the future for Android-powered smartphones. We’re not sure why Sprint has held out on joining ISIS, but we hope it jumps on board soon to save consumers from a fragmented mobile payment landscape. Read on for the full press release. More →

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Mobile
April 21, 2011
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Square iPhone credit card reader now available in Apple Store for $9.95

By on April 21, 2011 at 5:23 AM.

Square iPhone credit card reader now available in Apple Store for $9.95

On Wednesday, Square’s CEO Jack Dorsey announced that the firm’s iPhone credit card reader — also supported by the iPad and iPod touch — is now available in all 235 U.S. Apple Store locations, and online, for $9.95. The mobile payment solution allows business owners to quickly charge for products and services wherever they have an iOS device and a data connection. Square accepts Visa, MasterCard, American Express, and Discover cards, and the company takes a 2.75% cut of every swipe. If you sign up for Square service online, Square says it will send you the first reader for free. More →

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Apps & Software
March 30, 2011
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MasterCard certifies Gemalto’s NFC payment solution

By on March 30, 2011 at 7:54 PM.

MasterCard certifies Gemalto’s NFC payment solution

The ability to use your phone for NFC mobile payments across borders just became a reality. Gemalto announced that it has developed the first UICC-embedded software application that is approved by Mastercard’s mobile payment specification for NFC. Gemalto’s software provides a number of features, including the Trusted Service Management interface for PayPass payments, and the ability to manage and view your mobile transaction history. Your SIM, and ultimately your phone, can be linked to debit, credit, and prepaid accounts — users can even top up their prepaid cards using Gemalto’s software. You’ll also be able to set your account PIN directly from your phone. When we interviewed MasterCard’s vice president of mobile, James Anderson, last week, he said that the key to NFC was that it has to work wherever you are — whether you’re at home or away on vacation. That’s now possible. “Leveraging the interoperability of MasterCard PayPass, Gemalto’s effort will enable cross-border mobile NFC payment, adding ease to the fast-paced lifestyles of more and more consumers across the world,” Anderson said.  It’s unclear when Gemalto’s solution will land in the hands of consumers, but the company says it is already working with a first-tier financial institution and a major global carrier for a UK roll-out. Hit the jump for the full release More →

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Mobile
March 28, 2011
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WSJ: Google to hook up with MasterCard, Citigroup in mobile payments venture

By on March 28, 2011 at 6:59 PM.

WSJ: Google to hook up with MasterCard, Citigroup in mobile payments venture

According to the Wall Street Journal, Google, MasterCard, and Citigroup are collaborating to bring mobile payments, via NFC, to Android smartphones. Citing anonymous sources, the publication writes that the new service would “allow holders of Citigroup-issued debit and credit cards to pay for purchases by activating a mobile-payment application developed for one current model and many coming models of Android phones.” The report also notes that users of the mobile payment service will be delivered “targeted ads or discount offers” — which will be sold by Google. Ed McLaughlin, Chief Emerging Payments Officer at MasterCard, provided BGR with the following statement:

We are aware of the speculation that appeared in the Wall Street Journal today concerning our role within mobile payments with Citi and Google. However, we do not comment on market rumor or speculation. What we can tell you is that we are pleased to see great interest in NFC technology – it is a very high priority at MasterCard – and we think that 2011 will be the year of mobile payments.

It is assumed that both MasterCard and Citigroup will profit from the venture by dividing the fees assessed to retailers for accepting credit payments. Google will generate revenue from the sale of the aforementioned, targeted adverts and coupons. The purported system is expected to be released sometime “this year.” More →

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