Hacktivist groups Anonymous and TeaMp0isoN have joined together in a new campaign that involves compromising credit card details and using them to donate money to charities, homeless people and anti-government protesters around the world.

MasterCard on Thursday gave a sneak peek into the near future of mobile payment systems and said that the Google Wallet application is within weeks of being rolled out commercially.

WikiLeaks' card payment processor is preparing legal action against Visa Europe, MasterCard Europe and other payment intermediaries after its contract to process payments was abruptly terminated following WikiLeaks' release of secret U.S. diplomatic cables last November.

Satyam Computer Services is setting up a business applications testing center in Kuala Lumpur, Malaysia, for payments company MasterCard, reflecting a growing interest among customers to sign up new business with the Indian outsourcer as it recovers from a financial scandal.

The security industry has been rocked by a near-constant stream of breaches and threats in 2011, and it’s having a real impact on security resellers’ business and customer interaction, but in a very positive way.

Risk management should be high on the list of priorities right now. If organisations and boards didn’t realise its importance previously, the natural disasters of Queensland, Victoria, Perth, Christchurch, Japan, and, most recently, Myanmar (it’s been a bad start to the year) should have reinforced it.

Despite numerous high profile IT glitches and failures within organisations, IT risk is still not considered high enough priority, according to a UNSW academic.

Bank of America has joined the growing list of financial and technology companies that have cut off services to WikiLeaks, a move that comes amid speculation that the whistleblower site is preparing to release information about the bank.