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Samsung has opened the public beta of its new phone-based Pay service ahead of its official launch late next month. Beta participants will need to have a Galaxy S6, S6 Edge, Note 5, or S6 Edge+ (unrooted, mind you) as well as a credit or debit card from US Bank (Visa) or Bank of America (Visa or M...

19 hours ago 0 Comments
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MasterCard announced on Thursday that it's looking to add a layer of biometric security to its credit cards and all user will need to do is simply take a selfie. The system will create a digitized map of your face, convert that map into a hash and compare it to the hash stored on Mastercard's serv...

July 2nd 2015 at 7:36pm 0 Comments
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Apple's take on mobile payments has been available in the US for the better part of a year, but here in the UK, we've been left with the faint hope that it'll one day arrive. Rumors suggested it could be announced at WWDC 2015, and it turns out they were correct: Apple Pay will come to this side o...

June 8th 2015 at 1:49pm 0 Comments
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Let's face it: checks aren't convenient. If you're using them to pay for something, there's all the extra writing and mailing. If you're receiving them, there's a whole process for getting them into your account. Well, MasterCard says it solved the convenience issue with Send: a new system that al...

May 19th 2015 at 6:35pm 0 Comments
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Yes, banks sometimes decline credit card transactions abroad for your own protection, but it sure can be annoying, especially when you're not carrying money in the local currency. Visa has a new service for card holders in the US that could prevent that from happening again: one that instantly cro...

February 13th 2015 at 5:08am 0 Comments
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MasterCard today posted a new video touting the fact that iPhone 6 users who make Apple Pay transactions will find themselves eligible for the company's "priceless surprises" promotion, a sweepstakes that bestows unsuspecting customers with some pretty cool gifts such as concert tickets, shopping vo...

December 8th 2014 at 3:15pm 0 Comments
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Apple can add another name to the list of banks supporting its new Apple Pay service. Commerce Bank is now offering support for the service with one major caveat. Commerce customers can only use Apple Pay with a personal MasterCard credit card. Sorry Visa users... give it some time. If you haven'...

November 24th 2014 at 3:30pm 0 Comments
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For awhile now, there's been a number of companies trying to simplify payments for everyone. Google did so with Wallet and, most recently, Apple announced it would be doing something similar with the soon-to-be-launched Apple Pay, among others. Not surprisingly, MasterCard's, synonymous with payin...

October 17th 2014 at 10:31am 0 Comments
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Have you stopped to consider what impact Apple Pay will have on the credit card industry? Don't worry, we hadn't either, but Bank Innovation believe that the service might just send mobile payments mainstream. Currently, tapping your phone on a reader incurs a transaction fee of 2.75 percent, far...

September 11th 2014 at 8:57am 0 Comments
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The folks down at the Federal Trade Commission are busy helping all of us these days, whether they're weighing in on patent disputes or forcing firms to help cover your child's lack of parental supervision. Today, the FTC charged several companies and individuals with participation in an elaborate...

August 2nd 2014 at 12:12am 0 Comments