Tuesday, 29 November 2011

MasterCard And Intel Partner To Secure Online And NFC Payments

Now a days as everything is based on internet and online banking and net banking are on the go , everything should be secure and simplified for this Intel and Master Card have done partnership to secure and simplify online and NFC payments. Intel and credit card giant MasterCard are announcing a multi-year strategic partnership this evening, which aims to provide a more secure and simple way for consumers to pay for products online.

The two companies will be working to combine MasterCard’s expertise in payment processing and commerce with Intel’s strengths in chip-based security. So how are these two companies joining forces? Details are still being disclosed, but MasterCard and Intel are working on providing a safer and simpler checkout process for online merchants and consumers using Intel’s Ultrabook devices and future generations of Intel-based PCs.
PayPass is a payment method that lets you make purchases without having to swipe the magnetic strip on your card or provide your signature. The technology uses NFC to to transmit information.
“MasterCard is constantly working to improve the shopping experience for consumers and merchants,” said Ed McLaughlin, chief emerging payments officer, MasterCard. “The collaboration with Intel will deliver enhanced security and faster checkout – with the convenience of a simple click or tap.”

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