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As online identity management grows in importance, Mastercard swooped in this morning and bought identity verification company Ekata for $850 million. Mastercard certainly sees the rapid digital ...
Mastercard (MA) acquires Ekata in a bid to extend its identity verification efforts and assure safe and secured digital transactions for merchants and customers.
Consumer Device Cardholder Verification Method (CDCVM for short) is a type of identity verification in which the user's mobile device (such as a smartphone) is used to verify the user's identity; for example, it can use the device's biometrics authentication features (e.g. Touch ID or Face ID), or the device's set passcode.
The European Banking Authority published an opinion on what approaches could constitute different "elements" of SCA. [3]3-D Secure 2.0 can (but does not always [3]) meet the requirements of SCA. 3-D Secure has implementations by Mastercard (Mastercard Identity Check) [8] and Visa [9] which are marketed as enabling SCA compliance.
MasterCard was the first company that was allowed to use the technology in the United States. The United States has felt pushed to use the technology because of the increase in identity theft. The credit card information stolen from Target in late 2013 was one of the largest indicators that American credit card information is not safe.
Australia Post and Deakin University extended the evaluation of Mastercard's (MA) ID, the company's digital identity service, to verify students taking exams online
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