#1243154: Mastercard Launches Identity Check to Improve Fraud Detection

Description: Today’s topics include Mastercard improving fraud detection with Identity Check, and Huawei coming out with an Arm-based server CPU.

In an effort to reduce fraud while making it easier for merchants to accept online payments, Mastercard is implementing its Mastercard Identity Check technology, based on the EMV 3-D Secure 2.0 specification that provides a layer of security for online payment card transactions when the payment card itself is not present for physical verification.

With Identity Check, Mastercard is integrating machine learning artificial intelligence capabilities that verify more than 150 variables as part of a transaction process to help credit card issuing financial institutions make rapid, accurate decisions.

With the 2.0 version of the EMV 3-D Secure specification, 10 times more data than what was possible with version 1.0 of the specification can be passed through on each transaction, providing financial institutions with more data points on which to base a payment authorization decision.

More info: http://www.eweek.com/security/mastercard-launches-identity-check-to-improve-fraud-detection

Date added Jan. 11, 2019, 12:58 p.m.
Source eWeek
Subjects
  • Latest Global Security News
  • MasterCard
  • News USA
Country USA