Ars Technica: Visa knew about Pornhub’s child porn, judge says, and now must face trial [Updated]. “This week, US District Judge Cormac Carney of the US District Court of the Central District of California decided that there’s reason to believe that Visa knowingly processed payments that allowed MindGeek to monetize ‘a substantial amount of child porn.’”
ZDNet: VISA warns of POS malware incidents at gas pumps across North America. “Payments processor VISA says North American merchants who operate gas stations and gas pumps are facing a rash of attacks from cybercrime groups wanting to deploy point-of-sale (POS) malware on their networks.”
Ubergizmo: Facebook’s Libra In Trouble As More Companies Withdraw Their Support. “Last week, it was reported that Facebook’s Libra cryptocurrency lost one of the companies that initially supported it. This came in the form of PayPal who decided to back out of the cryptocurrency. However, it seems that Libra could be in serious trouble because it looks like more founding companies are withdrawing their support as well.”
CNN: Facebook’s financial partners in Libra may be getting cold feet. “The coalition Facebook assembled to create a global payments network may be losing some key financial support. Visa, Mastercard and other financial partners who signed on to support Libra are reconsidering their involvement in the network, The Wall Street Journal reported Tuesday.”
When it comes to online security, it looks like MasterCard has one big advantage over Visa. “Criminals can work out the card number, expiry date and security code for a Visa debit or credit card in as little as six seconds using guesswork, researchers have found. Experts from Newcastle University said it was ‘frighteningly easy’ to do with a laptop and an internet connection.”
A little outside the ResearchBuzz remit but I think this is going to end up impacting a lot of people: Visa has launched a developer platform. “With regards to today’s Visa Developer announcement, for the first time in the company’s nearly 60 year history software developers will have open access to payments technology, products and services by Visa. The new Visa Developer platform is designed to help financial institutions, merchants, and technology companies meet the demands of consumers and merchants, who increasingly rely on connected devices to shop, pay and get paid.”
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