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Mastercard, Syniverse working on location-based card authentication

02/26, 9:12am

Effort would also push contextual offers from retailers to participants

MasterCard and connectivity provider Syniverse today joined forces to deliver a number of mobile and payment services designed to enhance peace of mind for mobile users when traveling abroad. The two companies are currently testing a technology for an opt-in service that will enable card transactions for users only when they have their mobile device switched on in a specific geolocation, adjacent to the transaction location.

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Anonymous hacker guilty of Mastercard, Paypal DDoS attacks

12/07, 1:33pm

British hacker faces 10 years in prison for attacks

A British hacker has been found guilty for his part in a Distributed Denial of Service attack against payment services. Anonymous member Christopher Weatherhead, attacked MasterCard, Visa, and Paypal after they turned away from processing payments for Wikileaks, as well as music industry companies, in attacks costing those involved over $5.6 million.

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Google Wallet opens to all major credit, debit cards

08/01, 4:45pm

NFC payment system moves to cloud-based storage

Google Wallet has received some major updates today. The mobile payments platform has opened up to accept all credit and debit cards from American Express, Discover, MasterCard, and Visa, with financial data stored in the cloud instead of on the handset itself. Twenty five national US retailers have partnered with Google for the service, and through a partnership with MasterCard PayPass, mobile payments can be performed at over 200,000 retail locations across the country.

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MasterCard, Deutsche Telekom push mobile payments in Europe

07/02, 2:30pm

Initial roll-out in Poland this year, Germany to follow

MasterCard and Deutsche Telekom will enable smartphone payments in Germany and Poland in the near future. Near Field Communication-based payments will be pushed through to T-Mobile customers in Poland by Q3 and to Germany by 2013, ahead of a potential rollout in other European regions.

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Credit card payment hack hits 50,000 MasterCard, Visa users

03/30, 3:20pm

Global Payments breached for MasterCard, Visa

Third-party payment card processor Global Payments has had its security compromised, putting nearly 50,000 MasterCard and Visa holders at risk, sources told the Wall Street Journal. The two major credit cards have been alerting their customers and banks that issue their cards regarding this breach, though MasterCard said its own systems remain secure. It has also hired an unnamed independent data security organization to look into the hack.

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Apple patent directly touches on iPhone with NFC payments

03/06, 8:40pm

Apple patent would have iTunes-based NFC wallet

A newly granted USPTO patent has lent credence to notions that Apple is looking to implement NFC in iOS. The technique describes a way to define how a payment is made when an iPhone with an NFC chip is brought up to a terminal to pay. It would set rules for the deal, such as payment limits, requiring permission for specific vendors in their online and offline modes, and adding restrictions for buying alcohol or other kinds of goods.

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Isis Mobile Wallet finalized, due this summer

02/27, 5:25pm

Chase, Capital One, Barclaycard first companies

Isis, the mobile commerce venture between AT&T, T-Mobile, and Verizon have finalized their wireless payment standard for mobile devices, calling it Isis Mobile Wallet. It's due to launch this summer, with Chase, Capital One, and Barclaycard being the first banks to sign up and have their credit, debit, and prepaid cards be compatible with the system. The first merchants to support the system will be located in Salt Lake City and Austin, Texas. Like Google Wallet, its major competitor, Isis Mobile Wallet let users securely pay for goods and merchandise with their handsets.

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MasterCard squeezed into hinting next iPhone may have NFC

01/30, 5:30pm

MasterCard alludes to next iPhone having PayPass

MasterCard's emerging payments leader, Ed McLaughlin, may have been inadvertently pushed into fueling the off and on rumors of the iPhone getting NFC (near-field communications) support. When discussing adoption in an interview with Fast Company, he made the unusual statement that he didn't know of any phone maker that "isn't in the process" of implementing MasterCard's PayPass NFC system. When pressed on whether that included Apple, he stopped short of admitting a partnership but implied that Apple was a partner.

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BlackBerry Bold 9900 gets NFC payments in Turkey

01/18, 9:45pm

Public rollout follows Telefonica trials

RIM has announced that it has teamed with Turkish carrier Turkcell to launch a NFC payment system. The mobile wallet application will initially be available on the BlackBerry Bold 9900, enabling users to make payments by tapping the handset against MasterCard PayPass readers throughout the country and abroad.

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Intel, MasterCard team on NFC payments for ultrabooks

11/14, 12:05pm

Intel and MasterCard will bring NFC to ultrabooks

Intel and MasterCard on Monday announced a partnership for NFC on computers that would make online shopping more secure and a better overall experience. Users of ultrabooks are targeted, but future Intel-powered PCs will also benefit from the multi-year agreement, the companies said. The undertaking will focus on bringing MasterCard's NFC-based PayPass technology and Intel's Identity Protection Technology to Ultrabooks.

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BlackBerry Bold 9900, Curve 9360 get MasterCard NFC support

10/26, 9:15am

BlackBerry Bold 9900 and Curve 9360 OK for PayPass

RIM had the distinction of providing the first phones to use a SIM card that support MasterCard's NFC-based PayPass tech for short-range wireless payments. Both the BlackBerry Bold 9900 and the Curve 9360 can, with the right apps, pay at a store just by tapping a receiver. The account will be attached to the SIM card, not the phone, and let users swap phones with the same account, although it may create issues with switching carriers.

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Square readers hit Best Buy, Radio Shack, Target, Walmart

10/24, 12:50pm

Square readers spread to most major US shops

Square significantly widened the reach of its mobile payment reader hardware on Monday with a retail expansion. The device was already available at Apple stores but is now available at Best Buy, Radio Shack, and Target. The reach gives it 9,000 potential places to buy the iOS- and Android-ready add-on, which normally costs $10 and should give users an equal amount of initial credit in payments.

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Google Wallet lets NJ Transit users tap to pay for trains

10/19, 3:40pm

Tapping now allowed at 2 stations and on bus lines

Google has teamed up with the NJ Transit to let its riders pay for fares using Google Wallet and NFC "tap to pay" technology. At launch, the service will be available at two stations and on a few bus lines. Also initially, riders will only be able to pay with Citigroup MasterCard, as well as Google's own prepaid virtual card.

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Google Wallet goes live, opens to other credit cards

09/19, 4:45pm

Google Wallet now live with more cards, one phone

As hinted earlier, Google Wallet on Monday went active for real users. The service in starting off will still work on just Citi MasterCards and the virtual Google Prepaid Card, but is now opening to rival cards. American Express, Discover, and Visa are all making their NFC specs available to let banks add the cards to the mobile payment system.

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Google Wallet to go live Monday, still limited to Nexus S 4G

09/18, 10:30pm

Google Wallet gets hard launch date

Google is finally expected to switch on Google Wallet on Monday after unveiling it four months earlier. Partners are receiving a notice telling them that the NFC (near-field communications) tap-to-pay service will be ready to use anywhere a MasterCard PayPass terminal is active. Although a few NFC-aware phones have launched since, TechCrunch understood that the Nexus S 4G running Android 2.3.4 would still be the only phone to support it at first.

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MasterCard QkR unites QR codes, audio, Kinect, and NFC

09/16, 9:05pm

Mastercard shows off QkR platform for mobile

MasterCard has gone beyond Google Wallet to show a new mobile platform that could use multiple mobile technologies to solve mobile payments. Known collectively as QkR, they focus on QR codes for mobile payments but also audio cues, NFC short-range wireless, and even Microsoft's Kinect for the Xbox 360. One system would have an NFC 'coaster' that could recognize products shown on TV and let users tap an NFC-equipped phone or tablet on the coaster to buy whatever's on TV.

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Visa to step up plans for payments with NFC phones

08/09, 4:10pm

Visa fast tracks NFC mobile wallets

Visa on Tuesday said it would ramp up its NFC mobile payment plans. Its support for the short-range credit card payments would now include dual-mode chips that can support Europay along with domestic standards. The hardware would also bring in dynamic authentication that would introduce very specific values for each deal: even a replica card or fake data on a phone wouldn't work because it would produce different values each time.

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Isis gets major credit cards for NFC mobile payments

07/19, 3:05pm

Isis lands four major credit card firms

Isis on Tuesday said it had landed the top four credit card companies in the US for its mobile payment plans. American Express, Discover, MasterCard, and Visa have all agreed to handle payments from NFC-based phones when the service goes live in the first six months of 2012. The approach may give it at least a temporary edge over Google Wallet, which is so far limited to MasterCard.

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Apple patent could lead to NFC Macs with iPhone pairing

07/05, 3:25pm

Apple patent on NFC Macs published at USPTO

A new USPTO patent filing has revived rumors that NFC-based Mac-to-iPhone syncing is in development. The patent for an "electronic device with conductive housing and near field antenna" would have a computer or any other display-equipped device carry spiral antennas to pick up near-field communications from a smartphone or other mobile device when brought close. Its example design, which resembles an iMac or a similar computer display, would work with multiple devices put typically within about four to eight inches away.

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MasterCard payment app due for Android, BlackBerry, iPhone

06/27, 12:45pm

CSI and MasterCard work on multi-platform payments

New leaks Monday have raised eyebrows with MasterCard and CSI uniting on a new mobile payment app. CSI Virtual MasterCard will let Android, BlackBerry, iPad, and iPhone users pay with their phones instead of plastic. It's unknown from the Engadget mention whether or not it will use NFC wireless or if it will work purely through software.

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Google Wallet official, brings open NFC mobile payments

05/26, 1:15pm

Google Wallet intros with Sprint, Citi, MasterCard

Google at its New York City event launched Google Wallet as the first major NFC mobile payment system in the US. The platform revolves around the concept of virtual cards, including a Google Prepaid Card, that lets users pay at a store just by bringing the phone close to a terminal. It ties in directly with Google Offers and can give offers based on the phone's location, deals pushed from the web, and NFC tags built into posters and other ads.

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Isis scales back NFC payment plans

05/04, 3:00pm

Isis members make NFC payment plan less advanced

Isis, the coalition of US wireless carriers AT&T, Verizon and T-Mobile to bring NFC payments on handsets to the masses, will not go forward as planned earlier, according to reports on Wednesday. While trials were due to start early in 2012, the three carriers have now purportedly agreed to change their approach and make it less advanced. Instead, they will create a "mobile wallet" that will link users' existing Visa, MasterCard or other major credit cards to the account, though this is not official yet.

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Google said teaming with Citi, MasterCard for NFC trials

03/28, 7:55am

Google to test NFC with Citigroup and MasterCard

Google's trials of NFC-based phone payments gained more tangible details through a leak early Monday. The plan described by the WSJ would allow Citigroup debit and MasterCard credit card owners to make payments by swiping a Nexus S, or future Android 2.3 phones with NFC, near a reader at the counter. VeriFone would still be involved, the sources said, and would be the one providing the payment machines.

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Online sales bounce back, Windows PCs might not follow

12/24, 12:30pm

Holiday online sales up 15pc but not PCs

Online sales grew rapidly in the holiday this year but weren't necessarily matched by most computer sales, a pair of official and unofficial reports found today. MasterCard said its online sales were up 15.4 percent between Hallowe'en and December 23. Clothes led the group, but electronics made "significant gains." Six days cracked the $1 billion mark, including not just Cyber Monday but the two days immediately afterwards.

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AT&T, Verizon choose cities to test phone payment system

08/06, 2:10pm

Verizon, AT&T pick where to test phone payments

The planned smartphone payment system being developed by AT&T, Verizon and T-Mobile in the US will soon begin field tests, according to unofficial reports. BusinessWeek says AT&T and Verizon, along with minority partner T-Mobile, are said to be testing the system in Austin, Minneapolis and Salt Lake City. The project is code-named Mercury, with a pilot due to start in the middle of 2011.

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AT&T, T-Mobile, Verizon prep smartphone credit/debit payment

08/02, 7:55am

US carriers to use NFC on phones for payment

Three of the larger US carriers are developing a smartphone-based alternative to a traditional credit or debit payment, sources claimed on Monday. AT&T, T-Mobile and Verizon are developing a Near Field Communication system like Japan's FeliCa. Buyers would swipe a phone with an NFC chip near a reader to pay for goods at stores rather than use a card.

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