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Visa drops Global Payments following breach

Visa drops Global Payments following breach

Visa has dropped Global Payments from its list of compliant service providers following the security breach revealed last week that may have compromised as many as 1.5 million cardholder accounts. Global Payments CEO Paul Garcia believes that his company should return to the list once it comes back to compliance, although he didn't give a more specific time frame.

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Visa debuts V.me digital wallet service

Visa debuts V.me digital wallet service

It looks like just about all the credit card firms are jumping into the digital wallet realm trying to make it easier for consumers to rack up credit card debt and pay with branded debit cards. Visa has announced a new digital wallet service that is set to launch early in 2012. The new service will be called V.me and will apparently be able to offer PayPal some competition.

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Samsung VISA and NFC confirm partnership for Olympics 2011 phone

Samsung VISA and NFC confirm partnership for Olympics 2011 phone

All the way back in April if 2011 we first heard of the possibility of a Samsung / VISA device running with an NFC chip to assure it of widespread use. Now it's October, just 295 days to go until the actual Olympics 2012 events in London, and VISA has confirmed that the device is, indeed, on track to be released in advance (how early yet we still do not know) of the games come next year. This device is set to be widely adopted (in other words, inexpensive) and will be promoted as an Olympics games "must have" device.

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Google Wallet worries: NFC stickers MIA

Google Wallet worries: NFC stickers MIA

Google Wallet may have launched yesterday, but with only one handset, the Nexus S 4G, supported at launch and no mention of the NFC sticker system revealed last May, it's unclear how fast the payments system will spread. Both Google's Wallet site and the official announcement are conspicuously vague on the stickers - which were, it was originally suggested, intended as a workaround for those without the WiMAX Android phone - and there's extra emphasis on the Secure Element system the search giant uses to lock up customers' credit card details.

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ISIS Mobile Payment Network Adds MasterCard, Visa, And American Express

ISIS Mobile Payment Network Adds MasterCard, Visa, And American Express

The mobile payments arena was starting to look very fragmented with several different players each attempting to offer their own NFC-based system. Google announced their Google Wallet service in partnership with MasterCard, Visa hinted at its own service, while Discover teamed up with the ISIS network. But surprisingly, in an announcement today, it was revealed that MasterCard, Visa, and American Express have now all joined ISIS.

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Visa Announces Mobile Payments Plan, Most Comprehensive Say Analysts

Visa Announces Mobile Payments Plan, Most Comprehensive Say Analysts

Last week, Visa revealed that they were set to make a big announcement soon regarding their mobile payments strategy, and indeed they have today. They intend to launch their cross-channel digital wallet system in the U.S. and Canada by this fall. Their strategy is ambitious, but also deemed most comprehensive of all the mobile payments contenders, including Google, ISIS, and Sprint.

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Google Actively Recruiting Marketing Head for Mobile Wallet Efforts

Google Actively Recruiting Marketing Head for Mobile Wallet Efforts

Using your smartphone as your wallet, and being able to ditch the plastic cards may be getting closer. Google has been showing for some time that it is actively pursuing expanding NFC in many areas, and it looks like they have taken another step in that direction. They are actively recruiting an EMEA head of commerce marketing, and planning on expanding that division. Eric Schmidt said earlier this year that one of Google's strategic initiatives is to support adoption of mobile payments for Android, and they are making progress with the Nexus S 4G out yesterday supporting NFC.

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Visa Mobile Payments Announcement Coming Next Week

Visa Mobile Payments Announcement Coming Next Week

Visa CEO Joseph Saunders has just let loose that the company will be unveiling its mobile payments strategy as soon as next week. The mobile payments space is still a hazy area that many large companies are just beginning to explore. But generally the goal seems to be to replace consumer wallets with mobile devices for making purchases and then get control of that payment network to monetize it via transaction fees or advertising partnerships.

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ISIS NFC Mobile Payment System Scales Back, Not Butting Heads With Visa, MasterCard

ISIS NFC Mobile Payment System Scales Back, Not Butting Heads With Visa, MasterCard

Mobile payments are certainly the new frontier that many large companies are racing towards. The adoption of NFC (Near Field Communications) technology and a NFC-based payment network could usurp the traditional wallet. ISIS, a joint-venture NFC network between AT&T, T-Mobile, and Verizon initially had plans that would butt heads directly with Visa and MasterCard, but have today announced scaling back those ambitions.

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