Visa, MasterCard to Roll Out New Cybersecurity Features

Visa, MasterCard to Roll Out New Cybersecurity Features
Visa Inc. and MasterCard Inc.  are taking long-awaited next steps to ramp up security of customer data as concerns over cyberattacks continue to mount. The plans, unveiled separately by the world's largest payments networks, include the expansion of …
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To combat fraud, Visa wants to track your smartphone
The payment processing company Visa will roll out a new feature this spring that will allow its cardholders to inform their banks where they are automatically, using the location function found in nearly every smartphone. Having your bank and Visa know …
Read more on The Detroit News

Credit card giant moves to devalue hacked data
Specifically, Visa CEO Charlie Scharf will take to the stage at Stanford University to announce the “tokenization” of credit card numbers for online transactions. The announcement is one of many the Obama administration expects private sector companies …
Read more on Politico