MasterCard’s big interactive payments bet

first_img“We see a future where every device becomes a commerce device. This not only includes a shift in mobile-based payments, but also a move from ‘static’ plastic to ‘dynamic’ interactive payment cards and systems.”That’s MasterCard Group Exec, Global Credit and Debit Products Carlos Menendez commenting on the company’s recent investment in a dynamic card that, literally, powers payments at existing points of sale.MasterCard and Dynamics Inc., a company that designs and manufactures intelligent battery-powered payment devices and advanced payment platforms, are partnering in a commercial initiative to drive innovation in the interactive payment card market, according to a MasterCard release.The initiative follows the recent announcement of Dynamics’ Series C funding of $70 million, as a result of which its new investors MasterCard and CIBC joined existing backers Bain Capital Ventures and Adams Capital Management. Thanks to the partnership, MasterCard will now offer exclusive Dynamics products to its issuers worldwide. These products aim to provide consumers with added choice, flexibility and security at the point of sale. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Detectives investigating body found in St. Lucie County

first_imgSt. Lucie County Sheriff’s Office found a body in Southern Fort Pierce Thursday afternoon.This discovery prompted detectives to start an investigation.Officials searched the area to find a lead, however, no more information was available.Police are asking for the public’s help. Anyone with information regarding the last 24 hours in this area is asked to call detectives at 772-462-3230.last_img

Ellsworth boys impress in 6th indoor track meet

first_imgORONO — The Ellsworth boys’ indoor track team enjoyed a successful day Saturday at the University of Maine as it finished just one point shy of a first-place finish in the afternoon meet.Tulas Weaver earned two first-place finishes for Ellsworth with times of 6.91 seconds and 24.37 seconds in the 55- and 200-meter dashes, respectively. Beck Deeny also had a pair of individual event wins with first-place finishes in the long jump (19 feet, 11 1/4 inches) and triple jump (41 feet, 7 1/4 inches).In the 55-meter hurdles, Henry Scheff crossed the finish line in 8.40 seconds to beat teammate Jack Sandone by nine-tenths of a second. Deeny, Sandone, Weaver and Mike Kazmierczak took first for Ellsworth in the 4-by-200 relay with a time of 1:39.92. The Eagles finished with 124 points, one behind Hampden Academy’s 125.In the morning meet, Hancock County athletes swept the 800-meter run with Sumner’s Logan Carter (2:12.89) and George Stevens Academy’s Thea Crowley (2:42.99) earning event wins. Johanna Stiles (55- and 200-meter dashes), Addie Morrison (400-meter dash) and Victoria Watkins (high jump) earned runner-up finishes for the third-place Bucksport girls.This is placeholder textThis is placeholder textLocal teams will be back at UMaine on Saturday, Feb. 1, for the seventh meet of the season. Ellsworth, Mount Desert Island, GSA and Sumner will compete in the morning meet at 9 a.m., and Bucksport will compete in the afternoon meet at 1:30 p.m.last_img read more

LIBA Boss Wants Liberians to Take Control of Economy

first_imgThe President of the Liberia Business Association (LIBA), Dee Maxwell Kemayah, has admonished Liberians to take ownership of their economy in order to make Liberia a middle income country by 2030.Kemayah said though he welcomes foreign direct investments or foreigners participating in the economy, Liberians must be at the core of their economy because they are the owners of the country’s natural resources.He warned that if this is not done, Vision 2030, which was crafted to create a middle-income Liberia, will not be actualized, adding: “There is no country in the world that can enhance economic growth without empowering its citizens.” Mr. Kemayah made the call in Gbarnga recently during the constitutional review meeting, organized by the Constitution Review Committee (CRC) to the amend portions of the 1986 Constitution.He believes that the continuous dominance of the Liberian economy by foreigners, “is seriously strangulating growth and development” urging delegates to vote in favor of the proposition to bring sanity to the economy.Kemayah observed that the only empowerment for Liberian businesses in recent times is the loan scheme initiated by Central Bank of Liberia (CBL), which has been criticized and condemned by some individuals in the public sector.He called on policy-makers and other stakeholders to buttress the effort of the CBL by empowering Liberian businesses to ensure that they have a stake in the economy to benefit from its wealth.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

LTA Denies Internet Disruption Claim

first_imgThe Liberia Telecommunication Authority (LTA) has denied reports that the country’s internet access has been disrupted by a large-scale hack attack.The LTA said there was “no data to substantiate” the claim but admitted that one telecommunications company serving half the nation’s mobile users did suffer attacks that repeatedly limited access.Security experts who monitor networks of hijacked devices used to carry out attacks, called botnets, noticed last week that Liberian net addresses were among targets being deluged with data.Media reports quoted network security firms outside the country and telecoms staff in Liberia who said internet access in the country was affected.The attacks were mounted using the massive Mirai botnet that in late October was used to cause the web-wide disruption that left Reddit, Spotify, Twitter and other popular sites hard to reach.Jarsea Burphy, a spokesperson for the Liberia Telecommunication Authority, said monitoring systems on the nation’s internet exchange point, where domestic traffic joins the global network, showed no evidence that the link had been overwhelmed.The monitoring systems showed “no downtime in the last three weeks,” she told the BBC.Ms Burphy said a single local operator, believed to be the Lonestar Cell mobile network, had been subjected to intermittent web attacks that had affected its ability to provide net access.Lonestar, which has a 50 percent market share, said in a release in Monrovia, that it had been hit by so-called Distributed Denial of Service attacks that sought to overwhelm its network.“We have continued to react and restore service to each incident as it happens,” it said. Liberia has been repeatedly cut off from the internet by hackers targeting its only link to the global network. Recurrent attacks up to November 3 flooded the cable link with data, making net access intermittent.Researchers said the attacks showed hackers trying different ways to use massive networks of hijacked machines to overwhelm high-value targets.Experts said Liberia was attacked by the same group that caused web-wide disruption on October 21.Those attacks were among the biggest ever seen and made it hard to reach big web firms such as Twitter, Spotify and Reddit.The attacks were the first to send overwhelming amounts of data from weakly protected devices, such as webcams and digital video recorders that had been enrolled into what is known as a botnet.A botnet variant called Mirai was identified by security firms as being the tool used to find and compromise the insecure devices. The source code for Mirai has been widely shared and many malicious hacker groups have used it to seek out vulnerable devices they can take over and use to mount what are known as Distributed Denial of Service attacks. “There’re multiple different botnets, each with a different owner,” security researcher Kevin Beaumont told the BBC. “Many are very low-skilled. Some are much better.”Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more