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All posts tagged "mastercard"

  • Online shopping on the rise: Price, convenience, security key

    According to the latest MasterCard Worldwide Online Shopping Survey, online shopping has increased significantly and continues to show potential for growth, with price, convenience and security key factors to consider making a purchasing decision. The survey revealed that even in an emerging market like South Africa shopping online has steadily increased over the past two years, with 58% of respondents in a survey of active internet users saying that they use the internet for shopping. This is an increase from the 53% that said that they shop online in 2010, and the 44% that gave the same answer in 2009. When...

  • New virtual prepaid card looks to bring online shopping to the masses

    There was a time when you needed a credit card to shop online. Then a few pioneers engaged in some technical wizardry and brought out products that allowed you do use your debit card. But what if you have neither? A solution that allows for people who don’t have either to shop online would be particularly useful in emerging market economies, where large numbers of people might not have credit cards. Triloq...

  • Wikileaks temporarily shuts to fight ‘arbitrary & unlawful’ financial blockade

    Wikileaks has announced the temporary suspension of all “publication” as a result of the financial blockade it faces from MasterCard, Visa, PayPal, Western Union, and the Bank of America. The announcement comes in the wake of it inadvertently releasing its entire treasure trove of diplomatic cables. "In order to ensure our future survival, WikiLeaks is now forced to temporarily suspend its publishing operations and aggressively fundraise in order to fight back against this blockade and its proponents," Wikileaks founder Juliane Assange said before a backdrop of upside down logos belonging to the financial institutions instrumental to blockade. Assange made...

  • Google Wallet goes live

    Ever imagined a future without the inconvenience of having to carry around cash, or credit cards, or any wallet at all? Google has brought that future one step closer with the official launch of its smartphone wallet service. The internet giant's latest mobile product has gone live, with owners of the Nexus S 4G from US carrier Sprint being the first able to pay for purchases with a simple tap of their phones. "With Google Wallet, you can tap, pay and save using your phone and near field communication (NFC)," said Osama Bedier, vice president of payments at Google. Wallet...

  • Donations to Wikileaks through Mastercard and Visa blocked… again

    The Wikileaks’ vs credit card giants Visa and Mastercard legal spat continues unabated... Following the whistleblowing site's ultimatum to sue, and the credit card giants’ apparent decision to reinstate donations, all within a week, Visa has announced that the lifting of the ban was not meant to be. According to AFP, Visa Europe announced in a statement it had reinstated the block on credit card donations to the whistle-blower website, after discovering it had been "breached". Quoting Sveinn Andri Sveinnson, Wikileaks’ lawyer, Forbes reported that this move not only blocked payments from Visa, but payments from Mastercard and American Express too. In...

  • Following ultimatum, WikiLeaks credit card donations reinstated

    Mere days after issuing an ultimatum to Visa and Mastercard to lift their seven-month ban on donating to Wikileaks, the whistle-blowing website has claimed victory. Datacell, the whistle-blower’s data hosting service provider in a statement announced that, "…we have observed that an alternative payment processor that we have contracted with, has in fact opened the gateway for payments with Visa and MasterCard". The statement also read, "We choose to interpret this as that Visa and Mastercard in fact given in to our demand that the payment services reinstated". It added that payments by American Express, which...

  • Wikileaks issues ultimatum to financial giants Visa and Mastercard

    Fed up with being unable to receive funds via Visa and Mastercard, on Monday Wikileaks issued an ultimatum. According to the self described, "not-for-profit media organisation," should the two financial giants not lift their ban on donations to Wikileaks, they will be laying a complaint with The European Commission. The European Commission is the executive body of the European Union entrusted with proposing and enforcing European Union legislation. Svein Andri Sveinsson, the controversial site’s Iceland based lawyer is reported to have said that should the ban not be lifted by Thursday, Wikileaks would lay it’s complaint against the two companies....

  • Google Wallet launched, already running into major issues

    In a much-anticipated move, Google on Thursday finally unveiled its free mobile application that seeks to turn smartphones into a replacement for credit cards. With financial partners Citibank, MasterCard, First Data and Sprint as service providers, the internet giant announced "Google Wallet". Google says the new application is still being field tested and should be available by Summer in the US. Google Wallet will apparently work with Google's Nexus S 4G smartphone. The technology will work by taking advantage of near-field communication (NFC) chips in the Nexus S. This will allow users of Google Wallet to merely tap, swipe or...

  • ‘Anonymous’ takes down Mastercard website in Wikileaks revenge attack

    An anonymous group of hackers said on Wednesday they had launched online attacks to shut down the websites of credit card Mastercard and a Swiss bank that cut off business ties with WikiLeaks. The self-styled 'hacktivist' group dubbed Anon_Operation said in one tweet that "www.mastercard.com/ is down" and the site of the credit card giant could not be accessed from Geneva. On their homepage the group, which claims it is fighting for "freedom on...

  • Survey claims 80% of SA users shop online

    A survey by Master Card claims that 80% of South African users are shopping online. CDs, DVDs and VCDs” emerged as the most sought after item category, with 58% of online shoppers saying that they frequently shopped for these items online. “Airline tickets” and “books and arts” emerged as the next most sought after items, with 45% of online shoppers saying that they had frequently shopped for these items in the three months prior...