mastercard

Time To Check Your Wallet: 1.5 Million Visa And Mastercard Numbers Stolen

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Global Payments, the US based third party payment processor, just confirmed that hackers managed to escape with up to 1.5 million of their customers credit card numbers.  This is positive news considering initial estimates were as high as 10 million, and the firm has already announced that they will be able to absorb any and all costs associated with the breach.  It is still possible however, that enough data was stolen to produce new, counterfeit cards but Global Payments is still investigating this possibility.  All customer data such as addresses, social security numbers, and names remain protected though.   Up … Read more

Paypal: online powerhouse is stepping up in-store payments

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Shares of Paypal’s parent company Ebay are up toward the end of todays session on the news that Paypal is expanding their in-store payment network to include 2,000 more stores.  A spokesman for the online payment service said that a trial run in 50 Home Depot locations is currently under way in the San Francisco area, with the goal of increasing Paypal’s future avenues for income.  While little profit is initially expected, it does provide some diversification to their income stream and challenges transaction companies like Visa and Mastercard on yet another front.   More info can be found via … Read more