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Visa

Walmart Visa Lawsuit

The real reason Walmart is suing Visa

May 11th, 2016

The US is rolling out chip-enabled credit cards nationwide, but the more fraud-resistant technology still relies on people using signatures. That’s a dumb security measure — heck, not really a security measure at all — that makes fraud easier, and Walmart wants to do something about it. Even though forcing PINs would make transactions far more secure, …

Apple Pay Visa Europe Launch

Apple Pay in Europe: Visa to add crucial security element to cards

February 24th, 2015

It’s only a matter of time until Apple’s iPhone and Watch payment system will be available in other markets than the U.S., and Visa Europe confirmed it’s rolling out a crucial security feature for cards issued in Europe, which seems to pave the way for an imminent Apple Pay launch in the region, at least …

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

June 19th, 2012

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 …

Visa drops Global Payments following theft of 1.5 million card numbers

April 2nd, 2012

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 …

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

April 2nd, 2012

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 …

MasterCard and Visa warn of possible massive security breach

March 30th, 2012

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 …

Visa announces new mobile payment solution

February 27th, 2012

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 …

Intel announces new processors and partnerships

February 27th, 2012

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 …