MasterCard Investing in Cybersecurity - Other News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most 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. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » MasterCard Investing in Cybersecurity

MasterCard Investing in Cybersecurity

MasterCard Investing in Cybersecurity
The content is accurate at the time of publication and is subject to change.

MasterCard is upping the security ante by investing $20 million in cybersecurity technology designed to not only thwart hackers, but to give customers, merchants and banks peace of mind.

The cybersecurity measures will include futuristic-sounding measures like facial and voice recognition. Fingerprint matching and next generation technology will also be used within the cyber systems of financial institutions to secure data.

This new technology is seen as a valuable addition to the EMV technology being rolled out across the industry.  “While progress is being made with the move to EMV and mobile payments, our continued investments reinforce the efforts we are taking to protect the payments system for cardholders, merchants and issuers,” said Chris McWilton, president, North American Markets, MasterCard.

The future is now: Next generation tech for cardholders

MasterCard and First Tech Federal Credit Union will be partnering up to launch a pilot program designed to protect cardholders using biometrics. They will be using facial and voice recognition and fingerprint matching technology to give cardholders a very personal way to authenticate and verify their transactions, whether using credit or debit cards.

If this trial run is successful, MasterCard believes it can give cardholders a way to enhance security without compromising ease of use or convenience.

These measures are seen as additions to protections already provided including: identity theft alerts, chip cards, a zero liability policy for credit, debit and ATM transactions, and digital payment systems.

Extreme bank security

In the spring, MasterCard will begin rolling out a program called Safety Net in the U.S. It’s designed to add additional protection at the bank level, by reducing the risk of cyber-attacks and fraud on top of the measures that are already in place.

When this program starts, it will monitor and block specific kinds of transactions based on a predetermined set of security criteria. It will only step in to block fraudulent activity in extreme cases.

First Tech Federal Credit Union is headquartered in Mountain View, California. They specialize in working with technology oriented companies and their employees, including HP, Microsoft, Agilent, Intel, and CISCO.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

American Express Fighting Fraud With  Small Merchants
American Express Fighting Fraud With Small Merchants

Posted: March 13, 2015

Cyber security is on everyone’s mind these days, and to ramp up for the launch of the new EMV technology designed to help make using credit and debit cards safer for consumers and businesses, American Express has rolled out its Small… Continue reading

MasterCard Helps Small Businesses Moving Toward EMV Technology
MasterCard Helps Small Businesses Moving Toward EMV Technology

Posted: May 08, 2015

MasterCard has rolled out its 360° campaign designed to give small businesses a leg up when it comes to preparing for the EMV and chip card technology conversion. Continue reading

MasterCard and First Performance Global Expand Their Relationship
MasterCard and First Performance Global Expand Their Relationship

Posted: May 14, 2015

MasterCard has taken its relationship with First Performance Global up a notch, by signing a deal expanding their intellectual property relationship and extending the licensing for its proprietary MasterCard In Control technology. Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
The Citi Rewards+SM Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
For Excellent, Good Credit
Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
For Excellent, Good Credit
Perfect credit not required for approval; we may approve you when others won’t
For Fair/Bad Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!