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...cell phones as financial instruments," says analyst Entner. To take that next step, phone makers must embed a chip capable of near-field communication (NFC) that will work with special readers in stores, exactly like the contact-less credit and debit cards that are now available. Both Visa and MasterCard have trials under way, but have yet to announce plans for a national rollout...

Author: /time Magazine | Title: Banking Goes Mobile | 4/2/2007 | See Source »

Manning is also a polished pitchman. In his myriad commercial campaigns--Sprint, MasterCard, DirectTV, ESPN--he manages to seem both sincere and dryly funny. "Mothers out there would buy milk from him," says David Carter, executive director of the U.S.C. Sports Business Institute. "They're not going to have a negative reaction to this guy." Plus, the ads are genuinely entertaining. In a MasterCard commercial, Manning, reversing the roles of peppy fan and star athlete, shouts "You're still the man" at a waitress who has dropped dishes, and tells a clumsy moving team, "All right, guys, they...

Author: /time Magazine | Title: Why We Get Riled About Peyton Manning | 1/26/2007 | See Source »

Someone had tried to wire $400 from my MasterCard to an account in Bosnia. The transaction raised red flags at Western Union, which refused the transfer. Still, I was advised to shut down my credit card immediately. I called my bank, which had already taken that step--though not before nearly $2,000 in fraudulent charges had been put through in the hours since I had gone...

Author: /time Magazine | Title: Money: 'Tis the Season for ID Theft | 12/17/2006 | See Source »

...protests. So maybe if we just wait a while, the ship will right itself, buoyed up by a vast ocean of common experience and belief: a commitment to democracy and free markets, intensifying economic links, a shared culture that ranges from the Magna Carta to Montesquieu to Madonna to Mastercard to mtv. In one sense that has to be right. In a world still complex and dangerous, Europeans know they will not often find more natural partners than the Americans. Even as politicians disagree over how to handle Iraq and carbon emissions, French scientists find their labs are being funded...

Author: /time Magazine | Title: Drifting Apart | 10/1/2006 | See Source »

...focuses on other business issues, such as gaining control of natural gas supplies to Europe and leveraging Russia's vast energy resources, that problem is growing. Allofmp3, run by a mysterious company called Mediaservices Inc., looks legit even if its legal status is questionable. The site accepts Visa and Mastercard, and a Dutch firm, ChronoPay, processes credit card transactions. The site declares that it is authorized to sell downloads by an organization called the Russian Multimedia and Internet Society (ROMS) and FAIR, another copyright licensing agency. Read the fine print and you'll see that Mediaservices claims it pays "license...

Author: /time Magazine | Title: Russia's Brand of iTunes | 6/13/2006 | See Source »

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