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Nisar suspends accord between Nadra and Mastercard

ISLAMABAD: Interior Minister Chaudhry Nisar Ali Khan on Thursday ordered to suspend an accord between National Database and Registration Authority (Nadra) and financial services corporation Mastercard with immediate effect. The accord aimed to optimise national identity cards with electronic payments functionality. The ‘strategic collaboration’ would allow Pakistani citizens to carry out financial transactions and sent and receive remittances by utilising the unique identification number of their identity card.…

Mastercard starts biometric payments – with a selfie!

PARIS: Shoppers in a dozen European countries can make online payments using a selfie from Tuesday, under a rollout by Mastercard of new payment technology. Removing the need to memorise a password, Mastercard said biometrics like fingerprints or facial recognition could now be used to verify a customer's identity. The technology, unveiled at the Mobile World Congress in Barcelona in February, has been tested in the Netherlands, US and Canada, the credit card company said. It is now available in 12 European countries…

FIFA fires Secretary General Valcke

ZURICH: FIFA said on Wednesday it had fired Secretary General Jerome Valcke amid alleged corruption involving World Cup ticket sales, one of many scandals surrounding soccer's governing body.

US MasterCards will soon work in Cuba

WASHINGTON: MasterCard in March will begin processing transactions made on US-issued cards in Cuba, becoming the first major credit card company to do so since Cuba and the United States started to normalize relations.