mastercard

Tech news from around the web:

MasterCard is to invest in mFoundry, a company that provides mobile banking solutions for more than 500 US banks, TechCrunch reports. As part of the deal, mFoundry will offer MasterCard’s PayPass Near Field Communication technology to the banks and credit unions it works with. Read more

Tech news from around the web:

Ilya Zhitomirskiy, one of the co-founders of social network Diaspora, has died at the age of 22, TechCrunch reports. Started by four students at New York University, Diaspora is an open-source social network and was set up as an alternative to companies such as Facebook. Read more