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FRAUDSTERS have been siphoning off millions of pounds from British bank accounts using doctored chip-and-pin machines.
October 15 -
MasterCard, a provider of payment processing solutions, has appointed Jackson Tai to its board of directors. With this appointment, the MasterCardboard of directors returns to a full complement of nine Class A directors and three directors representing the financial institutions that own MasterCard Class M shares. Mr Tai joins the MasterCard board as a Class M director. He is the former vice chairman and CEO of DBS Group and DBS Bank, having served as CEO from until. He joined DBS Group as CFO, and subsequently served as president and COO until his appointment as CEO.Prior to joining DBS Group, Mr Tai was a managing director in the investment banking division at JP Morgan & Company, where he served 25 years and held several management positions in New York, Tokyo and San Francisco. Richard Haythornthwaite, chairman of the MasterCard board of directors, said: "Jackson is an accomplished financial services executive, and his deep knowledge of our industry and global experience, particularly in Asia , will greatly benefit MasterCard."
October 15 -
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The Mauritius Commercial Bank has announced that it will issue the American Express Green and Gold cards in Mauritius.
October 15 -
A drive to schedule a House floor vote over legislation requiring credit card companies to negotiate with stores over fees they charge has been derailed amid a jurisdictional spat between committees.
October 15 -
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AIX-EN-PROVENCE, France--(BUSINESS WIRE)--October 13, 2008--Strengthening its presence in the Brazilian contactless payments market, INSIDE Contactless, the world leader in advanced contactless microprocessor platforms, today announced it has teamed with American Banknote (ABnote) Brazil to produce a MasterCard type-approved contactless payment card for this growing market. INSIDE is supplying ABnote Brazil with its award-winning MicroPass® 4003, a contactless payment processor designed from the ground up for MasterCard® PayPass applications, and has worked closely with them to obtain type approval, implement in-house pre-personalization capabilities and ensure their products achieve optimal performance.
October 13 -
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