aster.cloud aster.cloud
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
  • Tools
  • About
aster.cloud aster.cloud
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
  • Tools
  • About
  • Solutions
  • Technology

Mastercard Launches Next-Generation Identity Technology With Microsoft To Help More Consumers Shop Online Safely

  • relay
  • April 27, 2022
  • 4 minute read

Mastercard on Monday announced the launch of an enhanced identity solution designed to improve the online shopping experience and tackle digital fraud in a new collaboration with Microsoft Corp.

Now more than ever, delivering a frictionless shopping experience is critical as retailers look to shift window shopping and price comparison visits to confirmed sales. And, while consumers enjoy the convenience of shopping online, fraudsters also seek to develop new methods to use these same channels for ill-gotten gains. One of the growing types of digital fraud is first-party fraud, where a legitimate purchase is made online but later disputed. First-party fraud is estimated to be a $50 billion global issue.

Mastercard has directly addressed these needs by enhancing its Digital Transaction Insights solution with next-generation authentication and real-time decisioning intelligence capabilities. The solution pairs Mastercard’s network insights with the merchant’s own data to confirm the consumer is who they claim to be, providing financial institutions with the additional intelligence needed to optimize their authorization decisions and approve more genuine transactions. Digital Transaction Insights is used across a wide range of online checkout instances, from click-to-pay functionality and wearables to digital wallets and in-app purchases.

“Shopping online should be simple, quick and secure. But that isn’t always the case. We’re committed to developing advanced identity and fraud technology to help enhance the real-time intelligence we provide to financial institutions around the globe. This builds on our longstanding commitment of working across the industry to provide advanced technologies that enable trust, and help build a safe and thriving digital ecosystem for all.”

Ajay Bhalla, president, Cyber and Intelligence at Mastercard, said, “Shopping online should be simple, quick and secure. But that isn’t always the case. We’re committed to developing advanced identity and fraud technology to help enhance the real-time intelligence we provide to financial institutions around the globe. This builds on our longstanding commitment of working across the industry to provide advanced technologies that enable trust, and help build a safe and thriving digital ecosystem for all.”

Read More  Farming From Space: How Orbital Data Is Unlocking Novel Agriculture Insights

Microsoft will be the first partner to share its insights and integrate with the new Digital Transaction Insights solution across several lines of business. Building on a long history of cross-collaboration, Microsoft’s Dynamics 365 Fraud Protection’s proprietary risk assessment, which leverages adaptive AI to assist in real-time fraud detection by identifying risky behaviors across purchase, account and in-store activities, has been integrated with Mastercard’s Digital Transaction Insights to better enable real-time intelligence sharing in an easily consumable and actionable format. This will enable issuers to enhance their decision-making processes for authorizations, chargebacks and refunds. Moreover, organizations can improve transaction acceptance rates with insights that help them balance profitability and revenue opportunities against fraud loss and checkout friction.

“We are excited to partner with Mastercard to leverage our cloud-native, cutting-edge fraud assessment tools to empower issuers and merchants to prevent more fraud and approve more genuine users. This partnership lays the foundation for the future of global fraud prevention where data silos are no longer a barrier to security.”

Charles Lamanna, corporate vice president of Business Applications and Platforms at Microsoft, said, “We are excited to partner with Mastercard to leverage our cloud-native, cutting-edge fraud assessment tools to empower issuers and merchants to prevent more fraud and approve more genuine users. This partnership lays the foundation for the future of global fraud prevention where data silos are no longer a barrier to security.”

Digital Transaction Insights is enabled by EMV 3-D Secure and Mastercard Identity Check, a global authentication solution built on the enhanced industry standard. Both elements support GDPR requirements and other related regulations. In 2021 alone, Mastercard Identity Check delivered a 14% uplift in transaction approval rates across billions of transactions.

Read More  How Google Scales Ad Personalization With Bigtable

Additional resources

For more information about Microsoft Security solutions, visit Microsoft Security. Bookmark the Security blog to keep up with expert coverage on security matters. Also, follow @msftsecurity for the latest news and updates on cybersecurity.

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. www.mastercard.com

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

For more information, press only:

Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777, [email protected]

Dania Saidam, [email protected]

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://news.microsoft.com. Web links, telephone numbers and titles were correct at time of publication but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at https://news.microsoft.com/microsoft-public-relations-contacts.

relay

Related Topics
  • Cybersecurity
  • Fraud
  • Mastercard
  • Microsoft
  • Online Shopping
You May Also Like
View Post
  • Cloud-Native
  • Technology

What Is An Edge-Native Application?

  • March 20, 2023
View Post
  • Technology

We Cannot Even Agree On Dates…

  • March 16, 2023
View Post
  • Software
  • Technology

Own Your Cloud With NextcloudPi On The Raspberry Pi

  • March 16, 2023
mobile-laptop-developer-christina-wocintechchat-com-UTw3j_aoIKM-unsplash
View Post
  • Data
  • Software
  • Solutions

Build Customer Trust Through Secure Front End App Development & Cyber Security

  • March 14, 2023
View Post
  • Technology

Switch From ICloud To Nextcloud

  • March 14, 2023
View Post
  • People
  • Platforms
  • Technology

Women’s History Month: Celebrating The Success Of Women Founders: Schoolio

  • March 14, 2023
View Post
  • Platforms
  • Technology

Cloudflare Integrates With Atlassian, Microsoft, And Sumo Logic To Make Zero Trust Security Easy For Businesses

  • March 14, 2023
View Post
  • Enterprise
  • Technology

The Adoptium Working Group Reports Significant Momentum for Open Source Java in 2023

  • March 14, 2023

Stay Connected!
LATEST
  • 1
    Monitor Kubernetes Cloud Costs With Open Source Tools
    • March 20, 2023
  • 2
    What Is An Edge-Native Application?
    • March 20, 2023
  • 3
    Eclipse Java Downloads Skyrocket
    • March 19, 2023
  • 4
    How To Use Bash
    • March 17, 2023
  • 5
    Why Is Your Multicloud So Slow?
    • March 17, 2023
  • 6
    The Benefits And Core Processes Of Data Wrangling
    • March 17, 2023
  • 7
    We Cannot Even Agree On Dates…
    • March 16, 2023
  • 8
    Financial Crisis: It’s A Game & We’re All Being Played
    • March 16, 2023
  • 9
    Ballerina: A Programming Language For The Cloud
    • March 16, 2023
  • 10
    Own Your Cloud With NextcloudPi On The Raspberry Pi
    • March 16, 2023
about
Hello World!

We are aster.cloud. We’re created by programmers for programmers.

Our site aims to provide guides, programming tips, reviews, and interesting materials for tech people and those who want to learn in general.

We would like to hear from you.

If you have any feedback, enquiries, or sponsorship request, kindly reach out to us at:

[email protected]
Most Popular
  • 1
    Oxford Quantum Circuits Installing Quantum Computer in Equinix IBX® Data Center With Plans To Open Access to Businesses Globally
    • March 14, 2023
  • 2
    The Adoptium Working Group Reports Significant Momentum for Open Source Java in 2023
    • March 14, 2023
  • 3
    Cloudflare Integrates With Atlassian, Microsoft, And Sumo Logic To Make Zero Trust Security Easy For Businesses
    • March 14, 2023
  • 4
    Cloudflare Uses The Power Of Its Global Network To Identify The Top 50 Most Impersonated Brands And Protect Zero Trust Customers From Phishing Scams
    • March 13, 2023
  • 5
    Open Source Software Leader The Eclipse Foundation Previews Its Showcase At Embedded World 2023
    • March 8, 2023
  • /
  • Platforms
  • Architecture
  • Engineering
  • Programming
  • Tools
  • About

Input your search keywords and press Enter.