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HSBC computer fault denies customers account access
News Mastercard, owner of Maestro, confirmed the problem with HSBC's system and said it impacted a number of cardholders and retail merchants. A MasterCard statement said: "MasterCard has investigated and can confirm that there were no issues with our... [25 Feb 2008]
'Tap and go' plastic arrives in London
News The MasterCard PayPass and Maestro PayPass contactless cards allow consumers to buy items costing less than £10 by simply waving their debit or credit card in front of a reader. The so-called "tap and go" payment feature can be added to any... [04 Sep 2007]
Retailers fear contactless payments
News For Tesco the cost of accepting £100 worth of cash transactions works out at around 5p whereas it would be as much as 10 times this for contactless payments if the pricing structure were similar to that of a MasterCard or Visa debit card transaction. [24 Apr 2007]
Visa to launch 'wave and pay' cards in UK
News MasterCard and the Royal Bank of Scotland (RBS) have already announced their own plans to trial contactless debit cards for 1,000 of the high-street bank's staff at the retail outlets at RBS' Edinburgh campus HQ. [24 Nov 2006]
Home chip and PIN readers 'make shoppers feel secure'
News MasterCard said the importance of the telephone orders in the overall sales mix will grow if consumers feel more secure. According to MasterCard-commissioned research, one in four (28 per cent) of consumers still worry about fraud when buying over... [15 Nov 2006]
Credit card companies forge security alliance
News American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa International announced on Thursday the creation of an organisation to develop and maintain security standards for credit and debit card payments. [08 Sep 2006]
Plastic for the people - cash ditched for cards
News And MasterCard and Visa are turning their attention to contactless payments. A study from MasterCard found half of European consumers believe cash will be almost obsolete within 10 years. We're all using debit cards more than credit cards, and... [01 Aug 2006]
Turkey rolls out contactless payments
News Garanti Bank in Turkey is using MasterCard's PayPass technology in cards it began distributing yesterday. MasterCard recently dismissed criticism that its RFID-based PayPass may be susceptible to skimming and interference, during retailer trials of... [21 Jul 2006]
Plastic fantastic - the future of credit cards
News But with contactless payment projects from the likes of MasterCard and Visa, and Transport for London - which uses the Oyster smartcard ticketing system - looking to move into contactless payments, could it spell the end for the credit card? [04 Jul 2006]
Visa to trial 'tap and go' debit cards in London
News MasterCard and the Royal Bank of Scotland (RBS) have already announced their own plans to trial contactless debit cards for 1,000 of the high-street bank's staff at the retail outlets at RBS' Edinburgh campus HQ. [26 Jun 2006]
RBS trials contactless RFID-style debit cards
News The Royal Bank of Scotland (RBS) and MasterCard are to trial an RFID-based contactless debit card to replace cash for low-value payments. The MasterCard-led initiative has been trialled elsewhere around the world but the RBS pilot, which is due to... [15 Jun 2006]
Cash to become a thing of the past?
News Eric Tomlinson, senior vice president of MasterCard Europe, who commissioned the study, said: "Our research also shows that eight out of 10 still carry up to €50 in their wallets on an average day. The survey was carried out by KRC Research - a sub... [10 Feb 2006]
Is fraud being beaten by the e-tailers?
News For 2006 merchants are also considering further measures, with 29 per cent of respondents saying the Verified by Visa and MasterCard SecureCode systems - both of which create single-use passwords/PIN numbers for transactions - are top of their... [15 Dec 2005]
Buy a burger with your mobile - the future of payments
News Bruno Carpreau, product manager of MasterCard's One Smart PayPass, said it could be two years before consumers see it settle on the shores of the UK: "We are looking to launch pilots early next year. However, last year MasterCard admitted working... [11 Oct 2005]
Chip and PIN heads for cyberspace
News MasterCard has created a worldwide standard for the card readers but Apacs is working on a local version. Chip and PIN debit and credit cards have all but conquered the high street and will soon be taking on internet fraudsters. [27 Sep 2005]
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