Tag Archives: visa
This Credit Card Costs $100,000 and an Imbecile’s Soul
This credit card is made of gold and diamonds. Called Visa Infinite, you have to pay $100,000 to the Russian 'Sberbank in order to get it. You also need to be a complete imbecile. A very rich imbecile, but a complete imbecile nonetheless. More&#...
This Credit Card Costs $100,000 and an Imbecile’s Soul
This credit card is made of gold and diamonds. Called Visa Infinite, you have to pay $100,000 to the Russian 'Sberbank in order to get it. You also need to be a complete imbecile. A very rich imbecile, but a complete imbecile nonetheless. More&#...
More than 79 banks breached, 50GB of data stolen, hacker claims
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
Digital Wallet Battle Heats Up As Visa And MasterCard Enter The Game
This week, two of the major players in the credit card industry, Visa and MasterCard launched their online digital wallet services. Known as V.me (Visa's) and PayPass Wallet Services (MasterCard), both are very similar initiatives which see the companies clamoring to become the credit card of choice for digital transactions, the way they fight today to be the credit card for all the other transactions taking place out there in the real world.
And, to be clear, a "digital" wallet isn't necessarily the same as a "mobile wallet," although a digital wallet service could also be housed in a mobile app interface, as both MasterCard and Visa plan on offering in the near future.
What the Hell Happened to Google Wallet’s Cash-Free Future? [Google Wallet]
Almost a year ago, Google held a press conference to announce Google Wallet, an ambitious, multi-faceted plan for a cash-free future in which cell phones would replace hard currency. More »...
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
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
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
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
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. Intel
