Credit Card News
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Other » MasterCard And Intel Partner To Simplify and Secure NFC and Online Payments

MasterCard And Intel Partner To Simplify and Secure NFC and Online Payments

By
Add to Favorites:
MasterCard And Intel Partner To Simplify and Secure NFC and Online Payments

Consumers have got used to seeing “Intel” technology in their computers but now they have the option to experience similar expertise in credit cards, with the alliance between MasterCard, provider of payment platform and the chip maker. The two companies announced a multi-year tactical partnership in November to enhance streamlined consumer experience which will have improved payment security. It also aims to offer simpler approach for the clients for online payment of products or services.

Now how are the two giants combining forces? All details have not been disclosed yet, but Intel and MasterCard are working on offering easier and safer checkout process for online consumers and merchants by employing Ultrabook system and future generations of PCs based on Intel.

MasterCard and Intel will also be joining hands in the field of emerging payments technologies, together with PayPass from MasterCard and Identity Protection Technology of Intel. Consumers will be facilitated to buy, without swiping the card with magnetic strip or signature, services or products via the PayPass payment system. This technology makes use of NFC to broadcast information.

According to reporters, the officials of the company applauded the partnership and saw it as a chance to develop on their present technology. PayPass from MasterCard has increased the use of contactless credit cards in the United States. Identity Protection Technology from Intel influences some of the most pioneering point-of-sale terminals today. The union together will fuse their respective technologies into a two-factor authentication coordination which will assist in further safeguarding the costumers from identity theft.

George Thangadurai the spokesman of Intel explained that the objective of the partnership was to replicate the safe PayPass experience for shoppers online. The manufacturers will be able to insert PayPass reader versions into upcoming notebook computers models. Just by tapping a credit card on the touchpad of the notebook, it will pass on the secure payment details to the merchant. This enhanced customer experience will do away with the requirement of typing the credit card details as well as protect the consumer information from malware and viruses.

McLaughlin considers this contract the launch for future collaborations between the two companies.

Add to Favorites:

Related News:

Frugal Fashionistas Rejoice: Century 21 and Alliance Data Launch New Credit Card

By Elizabeth Nelson, Posted: September 26, 2016

New York City-based bargain department store Century 21 is partnering with Alliance Data to launch a new credit card program. A favorite of fashionable bargain-hunters, Century 21 operates 10 stores across the greater New York City area ... Continue reading
Talking About Money Equals Happiness

By Dar Dowling, Posted: September 23, 2016

Love and money are the two biggies in life and relationships, and now, according to a new study by TD Bank, couples who talk about money have a higher happiness factor than those that don't. Continue reading
Credit Card Limits Up, Up and Away

By Dar Dowling, Posted: September 22, 2016

Credit card limits had an upswing during the first six months of this year, according to a new study by Experian, with credit card limits in both the subprime and deep subprime credit range equaling $6.4 billion – the largest amount in the ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
1% cash back on select purchases, terms apply
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit