MasterCard And Intel Partner to Enhance Online Payment Experience Using NFC
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Today, MasterCard and Intel announced a strategic collaboration to improve the security and consumer payment experience for online shopping. According to the companies, the collaboration will combine MasterCard’s expertise in payment processing with Intel’s strengths in hardware-based security.
Therefore they plan to combine MasterCard’s NFC-based Identity Protection Technology (IPT) available a Intel’s Ultrabook laptops. IPT enables consumers to use a two-factor authentication and hardware-based display protection. Their new solution is designed to replace the old way of making payment online by manually entering the credit card details. Using an IPT-enabled reader, users can pay for online purchases with a tap of their PayPass card, tag, or smart phone on an Ultrabook.
George Thangadurai, general manager of PC Client Services Division at Intel said: “Our goal is to enable users of Ultrabook devices and future generations of Intel-based PCs to enjoy the convenience of e-commerce while making online payments safer from malware and hackers with the advanced security capabilities of Intel Identity Protection Technology.”