The global financial system is continuing to throttle essentially every aspect of the Russian economy, in an attempt to help bring the country’s invasion of Ukraine to a swift end. Among the latest Ukraine news as the week began? Financial sanctions led credit card issuers Visa and Mastercard to say they’re blocking some Russian banks …
The blockchain industry had a massive year, despite the health crisis that impacted the world’s economy. Bitcoin and all of the other digital coins plummeted alongside the stock market in the first week of March 2020 as panic set in. COVID-19 had been declared a pandemic, and most of the world was preparing for a …
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, …
Revelations following the recent San Bernardino shooting prompted the U.S. Department of Homeland Security to focus on implementing additional security measures for its visa application process. Interestingly, the DHS will now look at social media posts before granting an entry visa to certain individuals.
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 …
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 …
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 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 …
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 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 …
