WebProNews

Tag: MasterCard

  • iPhone 5 To Support NFC?

    iPhone 5 To Support NFC?

    I know what you’re thinking, the iPhone 5 isn’t even here yet and it’s already in favor of the National Football Conference. Well, you’re wrong. . .kind of. NFC or Near-Field Communications is a technology that relays information in an instant simply from a touch or swiping a device close to a NFC port. Recently it has been reported that the iPhone 5 will support this technology; some say it wasn’t added to the 4s because the technology wasn’t quite as wide spread.

    A representative from Mastercard, Ed McLaughlin has hinted that Apple is going to include NFC in the new smartphones. In an interview he did with Fastcompany McLaughlin stated:

    “I don’t know of a handset manufacturer that isn’t in process of making sure their stuff is PayPass ready.”

    PayPass is Mastercard’s plan for NFC and Mr. McLaughlin, being the head of “Emerging Payments” at Mastercard, is set to be the first to know about such technology besides Apple itself.

    Not much more is known at this time about NFC and iPhone, but if any developments occur, WebProNews will report on the situation.

  • Android Payments System Could Pit Google Against Groupon

    Payments looks to be one of the most important battle fields on which the big tech companies are engaging. We’ve known for some time that Google would be getting into the NFC-based payment realm – in other words, you will be able to go to a restaurant or store and pay with your Android smartphone by waving or tapping, as opposed to having your credit card swipe.

    Rumor has it that Apple will go a similar route with the iPhone, but it’s looking like it might be a while.

    The credit card companies are on board. According to a new report from the Wall Street Journal, Mastercard and Citigroup are partnering with Google to “embed technology in Android mobile devices that would allow consumers to make purchases by waving their smartphones in front of a small reader at the checkout counter” – this according to “people familiar with the matter.”

    Let the record show that Google has already provided NFC technology in the Gingerbread version of Android, and the Nexus S phone.

    The journal finds that this is about more than just Android and payments, however. It has important implications for Google’s core source of revenue – advertising. According to the report:

    The planned payment system would allow Google to offer retailers more data about their customers and help them target ads and discount offers to mobile-device users near their stores, these people said. Google isn’t expected to get a cut of the transaction fees.

    These phone users also would be able to get targeted ads or discount offers, which Google hopes to sell to local merchants. They also could manage credit-card accounts and track spending through an application on their smartphone, the people said.

    Remember when Google offered to buy Groupon, and we were all waiting to see how Google would approach the deals space after being rejected? Well, here it is – or at least part of it. Marissa Mayer recently made a point of noting that Google already has some Groupon-like products. I don’t expect that they’ll stop looking for more ways to penetrate the space either.

    Interestingly enough, the whole cash register approach is also something Groupon itself is looking into. As reported earlier this month, the company is in talks with cash register manufacturers, trying to get Groupon-friendly features installed, and intends to start testing on the approach.

    As far as the Google story, it will reportedly be VeriFone supplying the cash register systems. Bloomberg recently reported: “The company will pay for installation of thousands of special cash-register systems from VeriFone Systems Inc. (PAY) at merchant locations, said one of the people, who requested anonymity because Google’s plans haven’t been made public.”

    VeriFone is the company that recently launched a smear campaign against another payment acceptance company – Square. VeriFone CEO Douglas Bergeron criticized Square’s security and showed off a skimming application to prove his point – only his point was widely disputed by Internet posters, and of course by Square co-founder Jack Dorsey, who noted that his accusations overlooked “protections already built into your credit card.”

    In fact, it is these same protections that will allegedly keep NFC technology safe for transferring payments as well.

    The fruits of Google’s initiative are expected to be released this year.

  • Anonymous Wikileaks Avengers: We Don’t Want Your Credit Card Info or to Prevent You From Shopping

    "Anonymous" is an "Internet gathering" of people that has perpetrated Operation Payback, which took down MasterCard.com, Visa.com and others, because of how they’ve handled their relationships with Wikileaks, has issued a press release in attempt to clarify what it is trying to do. 

    Anonymous paints itself as non-threatening to consumers, and emphasizes that its goal is to spread Wikileaks awareness. "We do not want to steal your personal information or credit card numbers. We also do not seek to attack critical infrastructure of companies such as Mastercard, Visa, PayPal or Amazon. Our current goal is to raise awareness about WikiLeaks and the underhanded methods employed by the above companies to impair WikiLeaks’ ability to function."

    Anonymous says it did not attempt to bring Amazon down, though the company said in a statement that it successfully blocked numerous attempts (it’s possible that these were unrelated). Anonymous says, "We felt that it would affect people such as consumers in a negative way and make them feel threatened by Anonymous. Simply put, attacking a major online retailer when people are buying presents for their loved ones, would be in bad taste."

    The entire release is below:

    Anonymous issues press releaseWho is Anonymous

    In their most recent public statement, WikiLeaks is the only group of people to identify Anonymous correctly. Anonymous is not a group, but rather an Internet gathering.

    Both Anonymous and the media that is covering it  are aware of the percieved dissent  between individuals  in  the  gathering.  This  does  not,  however,  mean  that  the  command  structure  of Anonymous is failing for a simple reason: Anonymous has a very loose and decentralized command structure that operates on ideas rather than directives.

     We do not believe that a similar movement exists in the world today and as such we have to learn by trial  and error.  We are now in the process of better communicating some core values to the individual atoms that comprise Anonymous – we also want to take this opportunity to communicate a message to the media, so that the average Internet Citizen can get to know who we are and what we represent.

    Anonymous  is  not  a  group  of  hackers.  We  are  average  Interent  Citizens  ourselves  and  our motivation is a collective sense of being fed up with all the minor and major injustices we witness every day.

    We do not want to steal your personal information or credit card numbers. We also do not seek to attack critical infrastructure of companies such as Mastercard, Visa, PayPal or Amazon. Our current goal is to raise awareness about WikiLeaks and the underhanded methods employed by the above companies to impair WikiLeaks’ ability to function.

    What is Operation: Payback

    As stated above, the point of Operation: Payback was never to target critical infrastructure of any of the companies or  organizations affected.  Rather  than doing that,  we focused on their  corporate websites,  which is  to say,  their  online "public  face".  It  is  a symbolic  action –  as  blogger  and academic Evgeny Morozov put it, a legitimate expression of dissent.

    The background to the attacks on PayPal and the calls to attack Amazon.com Amazon, which was until recently WikiLeaks’ DNS provider, was one of the first companies to drop support for WikiLeaks. On December 9th, BusinessInsider.com reported that Amazon.co.uk were hosting the recently leaked diplomatic cables in e-book form. (Amazon.co.uk has since ceased selling the bundle of the diplomatic cables.)

    After this piece of news circulated, parts of Anonymous on Twitter asked for Amazon.com to betargetted. The attack never occured. While it is indeed possible that Anonymous may not have been able to take Amazon.com down in a DDoS attack, this is not the only reason the attack never occured. After the attack was so advertised in the media,  we felt that it would affect people such as consumers in a negative way and make them feel threatened by Anonymous. Simply put, attacking a major online retailer when people are buying presents for their loved ones, would be in bad taste.

    The continuing attacks on PayPal are already tested and preferable: while not damaging their ability to process payments, they are successful in slowing their network down just enough for people to notice and thus, we achieve our goal of raising awareness.

  • MasterCard.com (and Visa.com) Taken Down By Wikileaks-Supporting Hackers?

    Update 3. MasterCard is back, and Anonymous (those behind Operation Payback) have issues a press release.

    Update 2: The group (Operation Payback) credited with bringing down both MasterCard.com and Visa.com has had its Facebook Page removed for violating terms of service. It’s Twitter account was also suspended.

    Update: Visa.com is now down as well. MasterCard.com is still down. (As of 4:30pm Eastern)

    Original Article: MasterCard.com is down. It’s reportedly been down for hours now.  It would appear that supporters of Wikileaks (hackers) are taking credit, as MasterCard stopped processing payments for Wikileaks support. 

    Alan Bentley, SVP International of global security firm, Lumension tells WebProNews, "The hacker attack on MasterCard’s website following its move to block payments to WikiLeaks certainly shouldn’t surprise anyone. WikiLeaks has a strong following amongst the hacker community and it was inevitable that there was going to be some form of backlash."

    Of course MasterCard isn’t the only company to refuse service to Wikileaks. "Many disgruntled hacktivists will be seeking revenge on behalf of the whistleblowing website and it is highly likely that this will be the first in a series of attacks on businesses such as Amazon, PayPal, Visa and Swiss Bank, all of which withdrew services to Wikileaks over recent days," says Bentley. "The Wikileaks saga is undoubtedly set to continue for some time and all organisations involved will want to beef up their security efforts in a bid to protect themselves from the wrath of the hactivist community."

    MasterCard Down

    Actually reports indicate that some of these other sites have suffered attacks, though MasterCard seems to be the only one down at the moment. MasterCard just released the following statement:

    MasterCard is experiencing heavy traffic on its external corporate website – MasterCard.com. We are working to restore normal speed of service.

    There is no impact whatsoever on our cardholders ability to use their cards for secure transactions.

    No mention of any hacking. 

    It’s not just hackers whose mouths were left with a bad taste when these companies refused service to Wikileaks. Industry analyst Jeff Jarvis had some strong words about it. 

    Bentley is probably right in that we probably haven’t seen the last of such attacks. Pissing off hackers is bound to have its consequences.

  • Amazon Partners With MasterCard On Free Shipping

    Amazon.com has released its annual 2010 Holiday Toy List, which features this year’s most popular toys, video games, sporting goods, electronics, music, movies and books for kids.

    The online retailer has introduced free two-day shipping , or a $10 credit towards a future purchase for Amazon Prime members, when they use a MasterCard to buy $75 or more in eligible items from the Holiday Toy List.

     

    Amazon-Toy-List

     

    The Holiday Toy List features navigation tools that allow users to narrow and expand search results. Users can sort by “bestselling,” “price” or “average customer review,” then filter by age, category, gender, price range, discount and brand.

    “At Amazon we are focused on making holiday shopping simple and cost effective for parents, friends and family members,” said Sarah Wood, director of the Toy & Games Store for Amazon.com.

    “We know saving money is very important to our customers, and now when they use their MasterCard to purchase select items from the Holiday Toy List they can get faster shipping at no additional cost.”

     

  • Is MasterCard Declaring War on PayPal?

    Is MasterCard Declaring War on PayPal?

    This week MasterCard announced a new developer initiative, which will place MasterCard payment technology in mobile and online apps.

    "We are excited about tapping into the ingenuity of software developers around the globe to help create the next generation of game-changing payment applications," said Josh Peirez, Chief Innovation Officer, MasterCard Worldwide. "We feel this will unleash innovation within our industry especially in the burgeoning areas of e-commerce and mobile payments."

    PayPal was quick to remind people that that it specializes in this concept, saying Mastercard is "following in its footsteps."

    "We’ve been working with developers for more than a year to deliver PayPal X, the first open global payments platform with functionalities specifically based on developer needs," says Damon Hougland, senior director of PayPal X, the company’s open platform.  "Since we opened up PayPal X, thousands of developers have signed up, hundreds of apps have been built, and millions of dollars have transacted over our platform."

    PayPal X

    "We’re already helping developers make money and monetize their visions," he continues. "Split Payments, for example, allows developers to automatically add their service fee to any PayPal transaction. Developers using PayPal X are already changing the way consumers think about money – for example, we worked with the folks at Bump, a technology to swap information between smartphones by tapping them together, to incorporate this functionality into the PayPal Mobile for iPhone app. Now people can just ‘bump’ iPhones to transfer money. In the first three weeks alone, the application was downloaded more than one million times."

    PayPal says next month it will offer developers the ability to collect credit card payments from within their PayPal X-based applications. This means they wouldn’t have to deal with complications commonly associated with credit card acceptance. The company says to expect "a lot more innovation" in the run up to its developer conference in October.

    MasterCard says its Open APIs will be available around the world later this year. Depending on whether or not development on top of the APIs gets heavily under way before October, PayPal’s conference should be all the more interesting, adding to an already increasingly fascinating year of application payment options.

    Last week at Google I/O, PayPal announced the availability of its Mobile Payments Library for Android, as well as the launch of its PayPal X Toolkit for Google App Engine. These should both increase reach significantly.

  • MasterCard Launches Online MarketPlace

    MasterCard Launches Online MarketPlace

    MasterCard Worldwide said today is has entered into a three- year exclusive alliance with ecommerce aggregator Next Jump to launch the MasterCard MarketPlace.

    MasterCard MarketPlace offers access to hundred of merchant -funded discounts and special deals each day from a network of thousands of merchants across the U.S.

    Special offers from the MasterCard MarketPlace include free shipping from a network of participating merchants across a wide variety of categories including apparel, jewelry, electronics and children’s clothing.

    Visitors to the site can preview offers and set preferences for the types of merchant offers they want to receive. Shoppers can also set up email notifications for offers from specific merchants as well as exclusive in-store shopping events.

    The MasterCard MarketPlace uses technology from Next Jump that offers up products via behavioral targeting only after cardholders opt in for the service.

    "MasterCard is an ideal match for Next Jump and we are looking forward to partnering our unique, data-driven approach and technology with their powerful network and insights," says Charlie Kim, Founder and CEO of Next Jump. "Next Jump has a unique model that benefits both merchants and consumers.

    "For merchants, Next Jump enables sales as a trusted partner – we never compete with them. Our technology allows merchants to re-direct ad spend towards better pricing in return for guaranteed sales. The merchant analytics from this model are incredibly impressive, allowing merchants to step up or down their participation in the program. For consumers, the best customers are rewarded with lower prices and/or VIP access to newest, hard-to-get, sold out products. Consumers that either spend more or have greater influence in getting others to shop – are the best customers and are rewarded accordingly."