Sounds Like Things Aren’t Going Well for Facebook’s Libra Cryptocurrency Scheme

There’s been no shortage of official opposition to Facebook and dozens of corporate partners’ plans to launch a cryptocurrency powered global payment network, Libra. A short list of the wary might include the heads of the U.S. Federal Reserve and Treasury Department, the House and Senate banking committees, EU antitrust officials, Indian and Chinese finance officials, and the French government, which vowed to stop it in its tracks across Europe. Read More >>

Facebook Announces Libra, Digital Currency on the Blockchain That Doesn’t Actually Need to Be on the Blockchain

Facebook and 27 other partner companies formally announced this morning they plan to launch a digital currency called Libra in the first half of 2020. And if they pull it off, Libra could become the standard digital currency around the world. Read More >>

In the UK Between 1992 and 2008? MasterCard Might Soon Owe You Money

It looks like a multi-billion-pound class action lawsuit against MasterCard in the UK is going ahead, and if it succeeds, pretty much all of us could be in for a payout. Read More >>

Mastercard Backtracks On Cancelling Sneaky Subscriptions

For a minute, it looked like Big Finance had actually done something selfless to help the little guy. We were all cautiously optimistic yesterday when Mastercard announced it would be stopping anyone who wanted to accept its cards (which is everyone) from sneakily subscribing you after a free trial. Read More >>

Mastercard Zaps Free Trials That Turn Into Sneaky Subscriptions

If there's one thing that unites all humans, it's a burning hatred of companies that reel you in with free trials, then sneakily start charging your card while insisting you can only cancel if you call on an actual phone between the hours of 14.01 and 14.05 on the third Tuesday of the month. Read More >>

MasterCard Wants to Turn Your Thumbprint Into a PIN Number

On Thursday, MasterCard announced a “next generation biometric card” which embeds fingerprint recognition into debit cards. That may not be good news. Read More >>

Mastercard is Offering Free Tube Travel if You Use Android Pay

It looks like Mastercard really wants people to pay for things with their phones. Earlier this year it gave Apple Pay users the chance to use London Public Transport free of charge, and now that same offer will be available to everyone with Android Pay. Read More >>

MasterCard Could Owe You up to £450

MasterCard stands accused of being a very naughty financial services corporation, and faces a damages claim of up to £19 billion. What for? The company is alleged to have charged retailers excessively high interchange fees for processing credit and debit card payments between 1992 and 2008. Read More >>

Apple Pay Users Get Free* London Travel For a Month of Mondays

If you happen to own an Apple Watch, iPhone 6S or iPhone 6S Plus, you’re probably not especially short of cash, but MasterCard and Apple have teamed up to give you free travel on London's transport services. Read More >>

MasterCard’s Gonna Let You Pay With Your Face

Do you like your face? Then you’re going to love MasterCard’s new ID Check security system. The experimental feature uses your camera’s front-facing camera and facial recognition technology so that you can pay with your face. MasterCard thinks millennials will love it. Read More >>

Nigeria Issues a Government-Issued ID Card That Doubles as a Debit Card

Make all the "Dear Friend" email scam jokes that you want — Nigeria now has one of the most sophisticated government-issued ID systems in the world. A new nationwide card that rolls out this week collects biometric information to prevent fraud and includes a debit card feature backed by MasterCard. Read More >>

Bitcoin Debit Card May Take Virtual Money to the High Street

Bitcoin wallet provider Xapo reckons it's about to make Bitcoin use substantially easier, by teaming up with your more established form of banks to create a Mastercard-branded credit card that'll let you blow your virtual money in actual shops. Read More >>

Mastercard’s MasterPass Turns Your Phone Into Your Own Personal Checkout Lane

MasterCard is no stranger to high-tech purchasing. Its existing US service PayPass Wallet already lets you tap your credit card on NFC terminals to buy. But the new MasterPass service takes it all to another level, letting you do things like scan barcodes and buy items with your phone, right on the spot. Read More >>

Anonymous vs. the Law, the Law Seems to be Winning

Remember those Anonymous attacks way back in 2010? PayPal, Mastercard and the Ministry of Sound, to name a few, got the Anonymous treatment. Well, it's taken a while, but at least one of the Anonymous hive has been dragged (probably kicking and screaming) away from his computer screen, and is being charged with some pretty serious crap in court. Read More >>

I Really Want a Credit Card with a LCD Screen and Touchscreen Keypad

You can have your black card and your credit card carved out of adamantium (just kidding, I would really like that), the only credit card I want is MasterCard's Display Card. MasterCard has been testing the card that comes with a LCD and touchscreen keypad, for some time and has now introduced it in Singapore. They say the added tech is for security: users can generate a one-time password as an authentication security measure. Read More >>