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Payment service provider ToneTag appoints Anil Kumar as CTO

Monday, February 18, 2019, 8:07 PM

ToneTag, sound-based proximity communications and payment services provider, has announced the appointment of Anil Kumar as its Chief Technology Officer. As the CTO, Kumar will be responsible for optimising the company's existing tech stack to a more robust and scalable version, the company said in a statement. He will also be responsible for making the product more diverse and improving the company's R&D centre.
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Mastercard says plans to apply for China license to clear card payments

Saturday, January 26, 2019, 4:14 PM

US payments card company Mastercard Inc said on January 25 it still plans to apply for a bankcard clearing license in China and was in "active discussions" to explore solutions. Mastercard "continues to make every effort to secure the requisite license to be able to access China's domestic market," it said in a statement posted on its website.
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Mastercard will delete Indian cardholders' data from servers

Sunday, December 16, 2018, 5:15 PM

Global card payments major Mastercard has proposed to Reserve Bank of India a "certain" date from which it will start deleting data of Indian cardholders from global servers. The US-based company has, however, warned this would weaken "safety and security" over time. The central bank had in April mandated payments companies to store data of Indian customers within the country.

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