Lest you think smart cities are a nicety rather than a necessity, consider that the United Nations predicts over half the world's population, 66 percent, will live in urban areas by 2050. The U.N. says 54 percent already do. That's a lot of people in one space that need to be able to efficiently and safely move about, work, play and live. Therefore, it is a necessity that urban planners figure out the logistics now and for the high influx of new people in just a few years.
After more than a year and numerous lawsuits by banks, Target has finally agreed to reimburse the banks up to $20 million for expenses incurred from the retailer's massive data breach that exposed credit and payment card data on 40 million customers.
It is good to see a Fortune 500 company such as MasterCard concerned with the competitive capabilities of small businesses and pushing for their ability to leverage big data analytics like it does.
MasterCard and Visa took the opportunity of the Mobile World Congress to launch major mobile payment initiatives this week.
BARCELONA, Spain--MasterCard introduced MasterPass, a new digital commerce platform enabling consumers to use any payment card or enabled device to make purchases online, in-store or on the go.
MasterCard and ING Group are teaming on a new payment trial enabling consumers to complete online purchases via mobile phone even when shopping on another connected device.
MasterCard released a new mobile payment software development kit enabling card issuers, network operators, merchants and third-party developers to build Android and BlackBerry applications integrating its PayPass contactless payment technology.
Google has met with Deutsche Telekom to discuss expanding its Wallet mobile payment platform to the European market, Bloomberg reports.
MasterCard is partnering with location-based mobile marketing platform shopkick to offer consumer rewards and special offers at select retail locations across the U.S.
NEW ORLEANS--MasterCard unveiled its new PayPass Wallet Services, enabling merchants to incorporate a PayPass checkout button into their mobile applications and websites to simplify the digital...