Mastercard will support cryptocurrencies – as long as they’re backed by governments

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It seems Mastercard is gradually softening its stance on cryptocurrency, after CEO Ajay Banga downplayed non-government mandated digital currencies as “junk” back in October last year.

In a conversation with Financial Times, Ari Sarkar, Mastercard co-president for the Asia-Pacific region, said the company is open to explore cryptocurrencies created and backed by governments.

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Ringly and MasterCard announce partnership to allow customers to pay with smart jewelry

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You are about to have another option at your fingertips to pay for things.  Last week, the smart jewelry company Ringly announces a partnership with MasterCard that will allow you to pay for items with the tap of a ring. (Video)

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Google sues Visa and MasterCard

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With little ceremony and only two days before Christmas, Google filed an antitrust law against Visa and MasterCard for setting “supracompetitive” interchange rates from 2004 to 2012. This is but one more volley in the Battle Royale between big companies like Wal-Mart, Target, and Macy’s and major players in the payments industry.

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MasterCard launches new credit card with display and keypad

The new credit card features an embedded LCD display and touch-sensitive buttons for generating one-time passwords.

MasterCard’s new “Display Card,” is a credit card that basically combines the usual credit/debit or ATM card with an authentication token. The authentication portion features a touch-sensitive keypad and LCD display — hence the name “Display Card” — for reflecting a one-time password (OTP).

 

 

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Anonymous hacktivists take down MasterCard.com again in support of WikiLeaks

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WikiLeaks certainly has powerful cyber-supporters.

Just one day after the LulzSec hacking group announced its retirement after a 50-day stint, it appears that hackers with the Anonymous group have picked up from where they left off by attacking the MasterCard website in protest of the WikiLeaks blockade.

Earlier today, Twitter user @ibomhacktivist tweeted a message saying that MasterCard.com was down. The hacker said “that’s what you get when you mess with @wikileaks and @Anon_Central.”

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Adoption of Mobile Wallets Being Slowed by Behind-the-Scenes Battle Among Corporate Giants

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Consumers would wave their phones instead of swiping credit cards at the checkout counter.

The cellphone has been more than a cellphone for years, but soon it could take on an entirely new role — standing in for all of the credit and debit cards crammed into wallets.  Instead of swiping a plastic card at the checkout counter, consumers would merely wave their phones.

 

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Consumers Beware – Reloadable Prepaid Debit Cards Loaded with Fees

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Reloadable prepaid debit cards represent one of the fastest-growing segments of the financial services industry.

Last year, Michael Abukhader’s 12-year-old son, Jacob, received a $30 NASCAR prepaid Visa card from an aunt who thought it would provide a convenient way to give him cash for birthdays and other events. But once Abukhader, who lives in Queen Creek, Ariz., reviewed the terms of the card, he closed the account.

 

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