MasterCard Forcing PayPal To Pay Higher Fees

iComp sends this quote from El Reg: “PayPal, Google Wallet and other online payment systems face higher transaction fees from MasterCard in retaliation for their refusal to share data on what people are spending. Visa is likely to follow suit. The amount that PayPal has to pay MasterCard for every transaction will go up as the latter introduces new charges for intermediated payment processors. This change is on the grounds that such processors don’t share transaction details, which the card giants would love to get hold of as it can be used to research buying patterns and the like. Companies such as PayPal allow payments between users, so the party (perhaps a merchant) receiving the money doesn’t need to be registered with the credit-card company. PayPal collects the dosh from the payer’s card, and deducts a processing fee before passing the cash on to the receiving party. MasterCard would prefer the receiver to be registered directly so will apply the new fee from June to any payment that is staged in this way.” Read more of this story at Slashdot.

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MasterCard Forcing PayPal To Pay Higher Fees

Stanford unveils high-res ‘micro-endoscope’ thin as hair

The ultrathin, single-fiber endoscope boasts four times the resolution of existing designs and could result in minimally invasive surgeries for studying the brain, detecting cancer early, and more. [Read more]

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Stanford unveils high-res ‘micro-endoscope’ thin as hair

Massive Email Crash Hits Canadian ISP Shaw

rueger writes “One of Canada’s biggest cable/Internet providers has their customers in an outrage. ‘… after an interruption of Shaw’s email services Thursday led to millions of emails being deleted … About 70 per cent of Shaw’s email customers were affected when the company was troubleshooting an unrelated email delay problem and an attempted solution caused incoming emails to be deleted … Emails were deleted for a 10-hour period between 7:45 a.m. and 6:15 p.m. Thursday, although customers did not learn about the problem until Friday, and only then by calling customer service or accessing an online forum for Shaw Internet subscribers.’ To top it off, when Shaw did send out notices about this, they looked so much like every day phishing spam that many people deleted them unread.” Read more of this story at Slashdot.

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Massive Email Crash Hits Canadian ISP Shaw