New patent filings from Mastercard show how the credit card giant is looking at blockchain as a possible means for easing payment settlement times. Source: Mastercard Seeks Patent for Instant Blockchain Payments Processing – CoinDesk
Finextra: Finextra news: Russian central bank issues new payment cards to take on Visa and MasterCard
Finextra: Thirty-five Russian banks have agreed to participate in the launch of a new national payments card intended to challenge the dominance of Visa and MasterCard. Source: Finextra: Finextra news: Russian central bank issues new payment cards to take on Visa and MasterCard From Russia with Love? Who knows. Russia just launched its on Mir card, […]
The recent series of events as are shaping up with Ukraine & Russia pertaining to Crimea has invited US sanctions being imposed on Russia. The Crimean parliament recently voted in a referendum to annex itself from Ukraine and rejoin with Mother Russia. Such turn of events in Russia have invited the wrath of US sanctions […]
Mastercard released a pretty nifty infographic that highlights the 5 different types of online global personalities, which one are you?
Great infographic by MasterCard showing the Top 20 Global Destinations.
Often the question is asked, how does the processing of credit cards actually work. For example, how does Authorize.net or Card Service International or Bank of America process credit card transactions. Well, they essentially, use their economies of scale, to process transactions for you. Companies like Authorize.net et. al. setup elaborate system, networks, infrastructure, etc. to connect […]