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Domain: mastercard.com

Stories and comments across the archive that link to mastercard.com.

Stories · 5

  1. The Long, Slow Demise of Credit Card Signatures Starts Today (cnet.com)

    It · Security · · posted by BeauHD · from the antiquated-practices dept. · 114 comments
    Last year, all four major U.S. payment providers -- Mastercard, Visa, American Express and Discover -- announced plans to remove the requirement that merchants collect signatures for card transactions. Those plans officially go into effect today, or Saturday in the case of Visa. CNET reports: [D]on't despair if you actually like writing your signature at retail stores, because their ultimate demise will likely take a while. The change is only optional, with merchants, not customers, given the new power to decide whether to get rid of signatures. So, if asked to sign, please don't insist to your next cashier that you no longer need to -- it won't work. Also, plenty of retailers will likely want to keep signatures, particularly if their workers are paid based on a lot of tips, or they sell pricey items. Still, the change marks a clear awareness from payment providers that the signature doesn't really work as a strong protector against fraud.

    The change is being handled a little differently by each payment provider. For instance, Mastercard, Discover and American Express said they'll let retailers make every kind of card payment optional for a signature, regardless of whether you've got a new chip card or you still swipe. Visa, meanwhile, isn't changing its requirements for payments using a swipe card, but it did relax its policy for chip card and contactless payments like Apple Pay. Visa noted that over 75 percent of face-to-face transactions using its cards in North America already don't require a signature, thanks to lower-value transactions.

  2. Coin Teams With MasterCard In Wearable Payments Push (thestack.com)

    News · Money · · posted by Soulskill · from the just-work-on-universal-support-already dept. · 63 comments
    An anonymous reader writes: Smart payments startup Coin has announced it will team up with MasterCard to use its electronic card technology to help companies integrate payment services into their wearable devices. Under the new MasterCard partnership, owners of wearables with integrated Coin technology will be able to pay at retail outlets without the need to take out any cash or card . The deal is not exclusive, which means that there is still potential for Visa and American Express customers to benefit when the Coin-embedded tech begins to ship later this year.

  3. MasterCard Transactions To Be Mined For CO2 Data

    Science · Earth · · posted by timothy · from the strip-mined-with-acid-I-hope dept. · 124 comments
    seamus1abshere writes "In the latest twist from Big Data, MasterCard and Brighter Planet today announced that cardholder transaction data will be mined for clues about CO2 emissions. Initial coverage will be of flights, car rentals, hotels and other purchases for which the credit card company stores extra metadata. Interestingly, the science behind the offering is all open source."

  4. MasterCard Hit By WikiLeaks Payback Attacks

    News · Security · · posted by CmdrTaco · from the this-is-getting-messy dept. · 715 comments
    An anonymous reader writes "MasterCard's website has been hit by a distributed denial of service attack. Netcraft describes how the attack uses a voluntary botnet of LOIC (low orbit ion cannon) users to swamp sites with traffic. PostFinance, the PayPal blog and Swedish prosecutors have been targeted previously."

  5. Rec.humor.funny Threatened by MasterCard

    Humor · · posted by ryuzaki0 · from the can't-take-a-joke dept. · 299 comments
    MotyaKatz writes: "The last article in the rec.humor.funny newsgroup comes from the editor (aka moderator), Brad Templeton himself. Amazingly, after two years, MasterCard decided that this joke violates their "priceless" trademark and requested its immediate removal. The reply of Mr. Templeton shows the sense of humor only the RHF editor can have!"

    Templeton's response was right on target. But I can't help taking a crack at it:

    Getting the idea that you should protect your brands on the internet: free.

    Hiring firms to search out and police such "violations": $millions.

    Getting slammed with negative publicity because you're sending out cease-and-desist letters like a bunch of idiots, which makes your customers think of your stupidity whenever they see your commercial: $millions more.

    Learning from your mistakes the first time you make them: priceless.

    There are some experiences that money can't buy. For every other mistake you make multiple times, firing the executive responsible is fun too.