> A few hours later, MasterCard acknowledged the mistake, but said there was never any real threat to the security of its operations.
> “We have looked into the matter and there was not a risk to our systems,” a MasterCard spokesperson wrote.
This is a classic, “we have investigated ourselves and found no wrongdoing”, response
This is a multibillion dollar public company that has at least 3.4B branded cards in the wild, and processed 44.3B credit/debit/cash transactions across the globe in Q3 2024.
Admitting wrongdoing is a _short term_ mistake in the market, but sets a shitty company culture. Just like ClownStrike.
A disruption to predatory/parasitic credit/debit networks is well overdue.
> “We have looked into the matter and there was not a risk to our systems,” a MasterCard spokesperson wrote.
This is a classic, “we have investigated ourselves and found no wrongdoing”, response
This is a multibillion dollar public company that has at least 3.4B branded cards in the wild, and processed 44.3B credit/debit/cash transactions across the globe in Q3 2024.
Admitting wrongdoing is a _short term_ mistake in the market, but sets a shitty company culture. Just like ClownStrike.
A disruption to predatory/parasitic credit/debit networks is well overdue.