If Visa could send a valentine this week, it would probably be to Apple, based on the comments of Visa CEO Charlie Scharf on Wednesday.
Speaking at the Goldman Sachs Technology and Internet Conference at San Francisco's Palace Hotel, Scharf acknowledged a number of "false starts" in the mobile payments market over the last several years.
A 22-year-old U.K. man was convicted for his involvement in a series of distributed denial-of-service attacks launched by the hacktivist group Anonymous against PayPal, MasterCard, Visa and other companies in 2010.
Christopher Weatherhead, of Northampton, U.K., was convicted Thursday at London's Southwark Crown Court on one count of conspiracy to impair the operation of computers, contrary to the U.K. Criminal Law Act of 1977, the U.K.'s Crown Prosecution Service said in a blog post.
Payment technology company Visa is attempting to drive Australian uptake of its 3-D Secure offering, which adds more security to online payment transactions to reduce credit card fraud.
Last month, a joint strike force took down a counterfeit credit card manufacturing operation in Sydney, New South Wales, potentially stopping AU$5 million in fraudulent transactions. But what has Visa worried is the increase in online fraud, which is categorised as "card not present" frauds. This makes up 71 per cent of credit card fraud that is committed in Australia.
After almost two years of fighting an unlawful banking blockade by US financial giants VISA and MasterCard, WikiLeaks has announced it is back open for donations using the French credit card system, Carte Bleue.
The Wau Holland Transparency Reports for WikiLeaks' finances, released today, illustrate that the blockade resulted in WikiLeaks' income falling to just 21% of its operating costs. WikiLeaks has been forced to run on its cash reserves which have diminished from EUR 800,000 at the end of December 2010, to less than EUR 100,000 at the end of June 2012.
Visa has begun threatening banks that harbour spammer accounts in a move designed to crush the spam revenue model.
The initiative, described as a “major effort”, had been quietly underway since the start of the year and has already forced the closure of accounts held by major spam players.
Vodafone and Visa have announced a worldwide partnership that will enable the carrier's subscribers to pay for goods and services using their mobile phones instead of coins and banknotes.
The deal will see the two companies working together to develop a Vodafone-branded proposition that will be offered to consumers across Vodafone's customer base of 398m subscribers in more than 30 countries on five continents. The service will run on Visa's payment network and will use the payments network's product suite and brand.
After months of trials with NFC-powered mobile payments, PayPal announced earlier this month that it would be abandoning the technology entirely. The company will instead be adopting a mobile payment system of its own, whose security measures are claimed to be unbeatable.
Whistle-blowing outfit WikiLeaks and DataCell, which handles credit card payment processing on its behalf, have announced they intend to sue Visa and Mastercard after the credit card merchants blocked donations to WikiLeaks last year.
Both Mastercard and Visa stopped processing donations to WikiLeaks after a campaign to hound the organisation out of existence began in the US, following the disclosure of mountains of information the war-hungry imperialist would have preferred to keep quiet.
