The focus of mobile payments tends to revolve around proximity payments (mobile payments at physical retail locations) and person to person payments. Yet quietly, the area of mobile payments that faces the least friction in the marketplace remains mobile commerce/mobile checkout, defined as when a consumer makes a purchase online using a mobile device. 87 more words
Tags » Mastercard
Target is still cleaning up after its disastrous data breach of December 2013, and recovery costs continue to climb for the US retail giant.
Target says it reached a $19 million… 389 more words
Target has agreed to pay MasterCard-issuing banks as much as $19 million to reimburse for losses related to the 2013 hack that resulted in up to 40 million accounts being breached. 146 more words
Target Corp said it had agreed to reimburse about $19 million (roughly Rs. 118 crores) to financial institutions that had issued MasterCard-branded cards that were a part of the massive data breach at the retailer in 2013. 173 more words
NEW YORK (AP) — Target and MasterCard say they’ve agreed to settle lawsuits over the discounter’s pre-Christmas 2013 massive data breach.
Target said late Wednesday it has set aside up to $19 million pretax for MasterCard issuers who were caught in the data breach that compromised 40 million credit and debit card accounts between Nov. 322 more words