MasterCard to boost credit card security with smartphones

JMH · Feb 26, 2014

Using geolocation data, the credit card company proposes a plan that will only allow card transactions when a users' smartphone is within close proximity.

With hacks, stolen credit card data, and identify fraud constantly on the rise, some credit card companies are looking into how to better beef up security.
MasterCard announced Tuesday that it has partnered with mobile technology company Syniverse to make it more difficult for unauthorized users to buy goods with nabbed credit cards. While working to heighten credit card security is nothing new, MasterCard's most recent plan is a bit different because it involves users' smartphone geolocation while they're traveling abroad.

MasterCard to boost credit card security with smartphones | Security & Privacy - CNET News

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MasterCard to boost credit card security with smartphones

JMH

Emeritus, Contributor