Collaborate Disseminate
Samsung Electronics, Mastercard, Samsung Card, have signed a memorandum of understanding to develop a biometric card that features a built-in fingerprint scanner to authorize transactions securely at in-store payment terminals. Through this strategic c… Continue reading Samsung Electronics, Mastercard and Samsung Card develop fingerprint biometric payment card
Mastercard announced the appointment of Richard Verma as Executive Vice President, Global Public Policy and Regulatory Affairs where he will oversee the company’s public policy, regulatory affairs and litigation teams around the world, reporting to Tim… Continue reading Mastercard appoints Richard Verma as Executive VP of Global Public Policy and Regulatory Affairs
Mastercard continues to deliver on its multi-rail strategy with the addition of Account-to-Account (A2A) payments functionality to Mastercard Track Business Payment Service. This launch represents the next phase in Mastercard’s journey to modernize bus… Continue reading Mastercard adds A2A payments functionality to Mastercard Track Business Payment Service
Mastercard announced Cyber Secure, an AI-powered suite of tools that allows banks to assess cyber risk across their ecosystem and prevent potential breaches. With these capabilities, banks can identify and prioritize threats and vulnerabilities through… Continue reading Mastercard Cyber Secure helps banks assess cyber risk and prevent potential breaches
Mastercard has teamed up with IDEMIA and MatchMove on their first pilot in Asia of a biometric card that uses a fingerprint to authorize transactions at in-store payment terminals. The card, with the product name F.CODE Easy, takes the seamless and int… Continue reading Mastercard, IDEMIA and MatchMove develop biometric card with fingerprint authorization
Most of the civilized world years ago shifted to requiring computer chips in payment cards that make it far more expensive and difficult for thieves to clone and use them for fraud. One notable exception is the United States, which is still lurching toward this goal. Here’s a look at the havoc that lag has wrought, as seen through the purchasing patterns at one of the underground’s biggest stolen card shops that was hacked last year. Continue reading Here’s Why Credit Card Fraud is Still a Thing
In late December 2019, fuel and convenience store chain Wawa Inc. said a nine-month-long breach of its payment card processing systems may have led to the theft of card data from customers who visited any of its 850 locations nationwide. Now, fraud experts say the first batch of card data stolen from Wawa customers is being sold at one of the underground’s most popular crime shops, which claims to have 30 million records to peddle from a new nationwide breach. Continue reading Wawa Breach May Have Compromised More Than 30 Million Payment Cards
The Mastercard Center for Inclusive Growth and The Rockefeller Foundation announced data.org as a platform for partnerships that will continue to build the field of data science for social impact. This is the next chapter of a $50 million commitment Ma… Continue reading Mastercard and The Rockefeller Foundation unveil new platform for data science partnerships
RiskRecon, the world’s leading platform for easily understanding and acting on third-party cyber risk, and now a Mastercard company, announces its continued commitment to enabling the success of its customers in achieving good third-party risk outcomes… Continue reading RiskRecon joins with Mastercard to help customers achieve good third-party risk outcomes
Mastercard is getting into the security assessment business. The credit giant announced Monday it has agreed to acquire RiskRecon, a Salt Lake City-based startup that grades companies based on their ability to withstand cyberattacks and protect personally identifiable information. The companies did not disclose the terms of the deal. RiskRecon is one of several firms that collect publicly available data — such as what kind of web servers companies use and whether their protected information turns up on the dark web — to make cybersecurity assessments. Mastercard has an obvious financial interest in understanding which companies are more likely to be breached. CEO Ajay Banga has pushed for awareness that most data breaches start at small and medium-sized businesses (SMBs) and then spread to larger ones. Banga is a member of the Cyber Readiness Institute, a Washington nonprofit that distributes cybersecurity advice to SMBs. “Mastercard has been one of the brands that has stood out as a true innovator, focusing on the real problems of real business,” RiskRecon co-founder Kelly […]
The post Mastercard jumps into the risk-assessment race with RiskRecon acquisition appeared first on CyberScoop.
Continue reading Mastercard jumps into the risk-assessment race with RiskRecon acquisition