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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Visa drops Global Payments following theft of 1.5 million card numbers

By on April 2, 2012 at 6:35 PM.

Visa drops Global Payments following theft of 1.5 million card numbers

Following a massive security breach, Visa has dropped Global Payments from its registry of providers that meet data security standards, The Associated Press reported on Monday. Global Payments CEO Paul Garcia said that the company will continue to process Visa transactions, however being dropped from the registry “could give our partners some pause that they’re doing business with someone who experienced a breach.” Garcia fully expects his company to be reinstated once it has been issued a new report of compliance, although he declined to specify when that might happen. The CEO maintains that the situation is “absolutely contained” and is being fully investigated. Global Payments confirmed on Sunday that hackers stole credit card numbers belonging to as many as 1.5 million MasterCard and Visa customers, however cardholder names, addresses and Social Security numbers were not compromised. The company plans to set up a website to assist consumers who might have been affected by the breach. More →

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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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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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Visa announces new mobile payment solution

By on February 27, 2012 at 10:45 PM.

Visa announces new mobile payment solution

Visa on Monday announced a “one-stop” mobile payment solution that looks to compete directly with Google Wallet and the carrier-backed ISIS payment system. After a consumer purchases a “Visa-certified” NFC-equipped smartphone, he or she can contact the company and activate the handset for mobile payments. The device will be securely linked with a user’s bank account and can then be used to make mobile payments anywhere Visa’s payWave system is accepted. “In the same way we have enabled the secure provisioning of payment cards for decades, we are now using mobile technology to securely provision mobile payment accounts over the air,” Visa’s Head of Mobile Products Bill Gajda said. “Financial institutions, mobile network operators, and even transit operators now have a simple, secure process to activate payment applications at scale and make mobile payments part of everyday life for consumers around the world.” The company announced that Intel Atom-powered smartphones and tablets will be the first Visa-certified devices to allow mobile subscribers to securely make NFC purchases. Read on for the company’s press release. More →

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Intel announces new processors and partnerships

By on February 27, 2012 at 9:30 PM.

Intel announces new processors and partnerships

Intel on Monday detailed a number new products and partnerships during the company’s Mobile World Congress press event. “We are very pleased to add new, important customers and capabilities to our phone offerings today. We remain focused on delivering exciting new features and outstanding performance to smartphone customers around the world.” said Intel CEO Paul Otellini. UK service provider Orange will launch an Atom-powered smartphone based on the Z2460 reference design. The device will feature a sleek body that will enable “rich entertainment experiences [to] Orange services, including Orange TV, Daily Motion, Deezer, Orange Wednesdays and Orange Gestures.” The handset is scheduled for a late summer launch and will be available in the United Kingdom and France. Read on for more. More →

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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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Visa ramping up move to mobile payments

By on August 10, 2011 at 5:09 AM.

Visa ramping up move to mobile payments

Visa is accelerating its efforts to dominate the mobile payment space, Reuters reported on Monday. Visa is no stranger to mobile payments. It began trialing an iPhone NFC payment solution in Europe early this year, has plans to work with Samsung on a system for the 2012 Olympics, and recently announced that it has partnered with ISIS for the development of a mobile payment network in the United States. “As mobile payments and other chip-based emerging technologies are poised to take off in the coming years, we are taking steps today to create a commercial framework that will support growth opportunities,” Visa’s global head of product Jim McCarty told Reuters. More →

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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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Visa invests in Square iPhone credit card reader

By on April 27, 2011 at 11:46 PM.

Visa invests in Square iPhone credit card reader

Visa has made an undisclosed investment in payments startup Square in exchange for a seat on the firm’s board of, Reuters reports. Square is a portable credit card reader that was created by Twitter co-founder Jack Dorsey. It allows iPhone, iPod touch, or iPad owners to charge for goods and services on-the-go, but came under some scrutiny earlier this year when VeriFone’s CEO slammed the product in a blog post. On April 21st, Apple and Square announced that the Square credit card reader was available online and in Apple Stores nationwide for just $9.95.  More →

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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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Amazon intros ad-subsidized 'Kindle with Special Offers' for $114

By on April 13, 2011 at 1:28 AM.

Amazon intros ad-subsidized 'Kindle with Special Offers' for $114

Amazon has announced that its customers can now purchase an ad-subsidized version of its Kindle. The “Kindle with Special Offers” eReader will retail for $114 and comes with sponsored screen savers and advertisements on the bottom of the screen. Buick, Procter & Gamble, Visa, and Amazon.com Reward Visa Card (Chase) will be the first companies to offer sponsored screen savers, and Kindle users can use a free “AdMash” Kindle application to choose what ads are displayed. Initial deals include:

  • $10 for $20 Amazon.com Gift Card
  • $6 for 6 Audible Books (normally $68)
  • $1 for an album in the Amazon MP3 Store (choose from over 1 million albums)
  • $10 for $30 of products in the Amazon Denim Shop or Amazon Swim Shop
  • Free $100 Amazon.com Gift Card when you get an Amazon Rewards Visa Card (normally $30)
  • Buy one of 30 Kindle bestsellers with your Visa card and get $10 Amazon.com credit
  • 50% off Roku Streaming Player (normally $99)

We’d probably splurge and buy the ad-free Kindle, which costs just $25 more, and think this deal would probably be more attractive if it was in the sub-$100 range. The “Kindle with Special Offers” device will ship in the U.S. and customers can pre-order the device now. Hit the jump for the full release. More →

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Samsung and Visa team up for NFC mobile payments at London 2012 Olympics

By on March 31, 2011 at 9:50 PM.

Samsung and Visa team up for NFC mobile payments at London 2012 Olympics

On Thursday Samsung and Visa announced a new partnership under which the two firms will provide an NFC mobile payment solution before, during, and after the London 2012 Olympics. The two companies will release an Olympics and Paralympics Games mobile handset in London that’s equipped with mobile NFC technology, Visa’s payment application, and a special SIM card. Here’s how it will work: When you’re ready to make a purchase, you’ll just have to open the Visa application on your phone and then hold it in front of a special contactless reader. There are over 60,000 contactless readers already in London, and Visa says it’s continuing to work with banks and retailers to increase its NFC foundation. The NFC-enabled phone, with its Visa SIM card, will first be available to Samsung and Visa sponsored athletes, and it will also be available to consumers through mobile operators. It’s unclear what the phone model is, or how much it will cost. “This mobile payment device will be available in the UK initially, and we plan to expand the service to other countries in Europe and around the world where contactless payment facilities are available in the near future,” said Seokpil Kim, President & CEO of Samsung Electronics Europe. Visa is currently rolling out its NFC mobile payment program in Australia, Canada, Czech Republic, Brazil, France, Hong Kong, Italy, Malaysia, Poland, Singapore, Spain, Slovakia, Switzerland, Turkey, the UK and the United States. Hit the jump for the full release. More →

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