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EU Smacks Mastercard with $650 Million Fine for Doing What Credit Card Companies Do Best

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By CCN.com: The European Commission on Tuesday slammed Mastercard with a 570.6 million euro ($ 650 million) fine after finding the company guilty of breaching antitrust rules. According to information released by the EU regulatory body, the original fine was reduced by 10 percent because Mastercard cooperated with the Commission during the investigation. Mastercard Overcharged Customers,

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Mastercard Applies For New Patent for Anonymous Blockchain Transactions – A Regulated Bitcoin Tumbler?

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Mastercard, the company who have gone through the entire process of laughing, fighting, and then embracing Bitcoin (and then attacking it again), have applied for another new patent in the blockchain space. Their last one was in regards to — we’re not making this up — a fractional reserve crypto bank. They describe a novel

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Big Milestone: Bitcoin on Track to Transfer More Value Than Mastercard Daily

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With a daily transaction volume of over $ 8 billion, Bitcoin (BTC) is on track to overtake Mastercard, the second largest credit card network in the world, in volume. On October 30, Mastercard released its financial results of the third quarter of 2018. Year-to-date, the credit card company has processed around $ 4.4 trillion. On a daily

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MasterCard Indian Government of Protectionism in Favor of Native RuPay

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Reuters reports that Mastercard has formally complained to the US government that the Indian government is deliberately promoting domestic payment networks over international ones like Mastercard and that the Prime Minister, Narendra Modi, has actively used nationalism in promotion of payment processing network RuPay. According to the report, Mastercard and Visa are not the dominant

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Mastercard Wants to Patent a Fractional Reserve Cryptocurrency Bank

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Mastercard has gone all the way through the stages of the resistance proverb — “first they ignore you, then they laugh at you, then they fight you, then you win.” Cryptocurrencies & Mastercard: A Turbulent History Like most financial companies, Mastercard never expected the blockchain, and by the time they took note of it, they were

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Mastercard Thinks Blockchain Can Simplify B2B Transactions in New Patent

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Financial services giant Mastercard has invented a blockchain system that it believes can simplify business-to-business (B2B) transactions in a high-volume enterprise environment. That system is outlined in a series of three patent applications filed by the New York-based multinational firm in March, made public on Thursday by the US Patent & Trademark Office (USPTO). Writing

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This Card Brings Enhanced Security To Crypto Payments Through Mastercard And Visa

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This Card Brings Enhanced Security To Crypto Payments Through Mastercard And Visa

Cryptocurrency cards are coming to the fore. They are a hybrid between the FIAT world and a crypto wallet and aim to help the adoption of cryptocurrency by having a use as a traditional payment card, linked to a secure and offline cryptocurrency wallet, enabled via speedy blockchain transactions. The majority of these cards are designed to work with all Mastercard and Visa POS machines (point-of-sale) and are generally the new, trendy way to spend cryptocurrency via a physical card.

Continue reading This Card Brings Enhanced Security To Crypto Payments Through Mastercard And Visa at Crypto Daily™.  Read more...

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MasterCard Wins Patent to Increase Cryptocurrency Payment Speed

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The U.S. Patent and Trademark Office officially granted MasterCard a patent for a method of increasing the speed of cryptocurrency transactions. 

The Need for Speed

Published July 17, the patent explains the serious need for increasing the speed of cryptocurrency transactions based on the growing demand for the same. The document reads:

In recent times, blockchain currencies have seen increased usage over traditional fiat currencies by consumers who value anonymity and security.

The patent also outlines a key issue associated with blockchain-based cryptocurrency transactions — namely, speed.  Read more...

This is a preview of MasterCard Wins Patent to Increase Cryptocurrency Payment Speed. Click Here To Read the full post

Bitcoin Buyers May Now Use VISA & MasterCard Credit/Debit Cards Worldwide via Abra

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Fearing Bitcoin, VISA and Mastercard Reclassify Crypto Purchases as 'Cash Advances'

Abra, a financial services and technology company operating an all-in-one cryptocurrency wallet and exchange app, has announced the ability to now buy bitcoin with VISA or MasterCard credit cards or debit cards from anywhere in the world. Purchases may be made on abra.com or via the Abra app. 

Buy Bitcoin on Credit

Abra users may now buy bitcoin with VISA and MasterCard debit and credit cards.

This is a preview of Bitcoin Buyers May Now Use VISA & MasterCard Credit/Debit Cards Worldwide via Abra. Click Here To Read the full post

Ripple Adds Facebook, Mastercard and Citibank Veteran to Leadership Team

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Real-time gross settlement system, currency exchange, and remittance network Ripple has announced the addition of Kahina Van Dyke to its leadership team as the new senior vice president of business and corporate development. The banking and technology veteran “will focus on driving new, strategic partnerships for Ripple across the global financial services industry.”

‘Bringing Leading Brands Together Through Partnerships’

Van Dyke most notably led global teams at traditional financial institutions like Mastercard and Citibank. However, she most recently served as the leader of Facebook’s Global Financial Services team.  Read more...

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MasterCard Files Patent for Faster Blockchain Node Verification

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Furthering its interest in blockchain-based technology, MasterCard has filed a patent for a system designated to increase the speed with which blockchain nodes are being verified.  

It seems the bees in the company’s crypto department have been busier than one may think. Earlier in April, MasterCard Labs, the company’s innovation section, said that they’re looking to hire 175 more staff members, including blockchain experts.

The company has now filed another blockchain-related patent, dated April 26th, for a system that would supposedly take care of a rather pressing issue.  Read more...

This is a preview of MasterCard Files Patent for Faster Blockchain Node Verification. Click Here To Read the full post

Blockchain Experts in Demand at Mastercard

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Mastercard has their hiring eye on blockchain specialists. The massive corporation seeks to further incorporate the technology into their company and needs skilled help to do it.

Long gone are the days when “blockchain” was a term synonymous only with cryptocurrencies. Yes, it is the supporting technology for digital currencies. However, its benefits have far-reaching implications, and not just in the financial industry.

Sectors like healthcare and supply chain management can capitalize on this type of technology. Of course, its efficiency, security, and immutability do have a strong allure for the economic sector. According to Irish Tech News, Mastercard hopes to further incorporate these benefits into its corporation.  Read more...

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Mastercard Open to Cryptocurrency, But There’s a Catch

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An executive confirms that Mastercard is open to the use of cryptocurrency, but there is a major catch involved.

Banks have notoriously been steadfast in their opposition to cryptocurrencies, and this is for a very good reason. The peer-to-peer economic marketplace of digital currencies is a direct threat to the current financial monopoly held by banks and other financial institutions. Which is why it was surprising when an executive at Mastercard said that the credit card issuer was open to the overall use of cryptocurrency. However, there is a major catch to this announcement.

bitcoin  Read more...

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Pax S80 EMV Credit Card Terminal, Visa MasterCard Discover, Machine Apple Pay

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Apple Pay on eBay:

Clover POS Station Touchscreen Point Of Sale EMV Chip Ready Apple Pay ~ New

$495.00
End Date: Tuesday Mar-5-2019 9:01:49 PST
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End Date: Wednesday Mar-20-2019 2:04:19 PDT
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ID TECH Vendi IDVV-120101-CR Vending Machine Credit Card NFC Apple Android Pay
$159.95
End Date: Wednesday Mar-6-2019 14:28:10 PST
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Blockchain Technology Can Improve MasterCard’s Identity Check Suite

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Increasing the layers of security associated with the most popular traditional payment methods is a something that is drastically needed.  Credit cards were never designed to be used on the Internet, where they are prone to theft, chargebacks, and fraud.  MasterCard, one of the world’s leading credit card issuers, is rolling out quite a few different card security measures, designed specifically for the e-commerce sector.

Make sure to read: Stampery Creates Legal Use Cases For Blockchain Technology  Read more...

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Mastercard Implements Facial Recognition for Online Payments, Puts Sensitive Data At Risk

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The way we make payments in our daily lives is slowly but surely taking on a more digital aspect.  Cashless transactions are on the rise in most parts of the world, and the time has come to introduce some new payment methods.  But one of the things we have to keep in mind is that security and customer data protection remain a key factor.  Will facial recognition be the answer to our security problems? Mastercard sure seems to think so.  Read more...

This is a preview of Mastercard Implements Facial Recognition for Online Payments, Puts Sensitive Data At Risk. Click Here To Read the full post

Trucoin Takes on CoinBase & Circle With Their Daily US$1,000 Bitcoin Buying Limit

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Buying and selling Bitcoin in the United States is still subject to certain limits on the amount you can purchase per week. Even though companies such as Circle (US$2,500 per week) and CoinBase (US$1,000 per week if you purchase up to US$50,000; otherwise just US$100 per week). are active companies in the US markets, there is still a lot of room for competition. Trucoin is aiming to fill that gap, as their customers can now purchase up to U$1,000 in Bitcoin on a daily basis.

TruCoin Available In 32 US States Right Now

 Read more...

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Cointellect Interview : “We Are Working on Issuing Mastercard Travel Cards To Our Customers”

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During the Bitcoin Expo 2015 in London this past weekend, we had a chat with one of the Cointellect representatives regarding their cloud mining service. As I am also one of their paying customers, I managed to ask some questions to which I received fairly satisfying answers. I have written down the answers in an interview format below, for your reading pleasure.

Note from the author : We also had a drink with Daniel Fonseca, the Cointellect PR Manager. However, all of the information he disclosed was to be kept off the record, so we oblige to his request.  Read more...

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MidasCoin – Backed By Daily Growing Gold Reserve, Proof-of-Mining Algorithm & More

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My attention was brought to a very new altcoin, called MidasCoin. After seeing an immense response from the mining community, and by offering an interesting mining algorithm, I do think it’s worth talking about. Care to find out more?

It doesn’t happen too often where a new cryptocurrency is introduced, and there are a lot of impressive services available at or shortly after launch. I’m not talking about third party services either, but services built by the team before launching their coin.  Read more...

This is a preview of MidasCoin – Backed By Daily Growing Gold Reserve, Proof-of-Mining Algorithm & More. Click Here To Read the full post

BurnerCoin Announces BurnerConnect – A New Anonymity Feature

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More announcements and surprises from one of the hottest Cryptos right now, BurnerCoin. The closed beta testing for the new BURN wallet begins today, BurnerConnect was announced, and some misconceptions have been cleared up. Let’s go, go go!

As of today, 10 lucky, hand picked beta testers are checking and using the new BurnerCoin client. This beta testing will go on for about roughly a full week, and we will keep an eye out for any further updates from the developer.  Read more...

This is a preview of BurnerCoin Announces BurnerConnect – A New Anonymity Feature. Click Here To Read the full post

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