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MasterCard


The Department of Justice has unveiled fraud charges against another co-founder of cryptocurrency startup Centra, a move that comes weeks after two other founders were arrested and charged. The U.S. Attorney’s Office for the Southern District of New York said Friday that Ray Trapani has been arrested and charged in connection with the company’s token …

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A newly published patent filing from Mastercard suggests that the payments giant is looking at blockchain as a way to safeguard identity data. In an application released by the U.S. Patent and Trademark Office (USPTO) last Thursday, Mastercard describes a system in which a semi-private or private blockchain would be used to receive and store …

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Payment giant Mastercard announced Thursday that it was hiring 175 new technology developers, including blockchain specialists. The developers will work out of Mastercard’s office in Leopardstown, Ireland, where the firm’s research and development arm, Mastercard Labs, is headquartered. The new hires will work on creating more efficient payment systems, according to a press release. Sonya …

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MasterCard is receptive to the idea of using central bank-issued national digital currencies in the future, according to the co-president of Mastercard’s Asia-Pacific business, the Financial Times reported today, March 19. Senior MasterCard executive Ari Sarker told the Financial Times that “if governments look to create national digital currency we’d be very happy to look …

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ING, the Dutch financial group, has announced the creation of a new financier-friendly anonymous proof called a ‘Zero-knowledge range proof,’ or ZKRP for short. The risks of security and privacy for financial institutions have kept many out of the Blockchain technology market. Anonymity is key The new proof is designed to maintain anonymity while still …

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In a move that will likely spell huge increases in Blockchain technology, one of the ‘big four’ audit firms, KPMG, has signed on as a corporate member of the Wall Street Blockchain Alliance (WSBA). The announcement was made public via the WSBA website. With the membership, KPMG will also receive a seat on the board of …

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Mastercard has recently filed a patent for instantaneous payments using Blockchain technology. The patent appeared in the US Patent and Trademark data system dated the 9th of this month. The patent makes clear that Mastercard intends to use Blockchain technology to create a system where merchants can receive guaranteed instantaneous payment rather than waiting for …

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New patent filings from Mastercard show how the credit card giant is looking at blockchain as a possible means for easing payment settlement times. In a patent application released last week by the U.S. Patent and Trademark Office, the company describes a blockchain-based database capable of instantaneously processing payments, guaranteeing that merchants do not need …

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