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Intel and Mastercard get together for online payments

Collaboration on ecommerce security
Mon Nov 14 2011, 15:02

CHIPMAKER Intel has hopped into a strategic collaboration with Mastercard that they expect to improve security for consumer payments and online shopping.

The deal revolves around security on Ultrabook devices, where Intel is the prime mover, and two factor authentication. Intel expects that it will deliver results that can be used going forward to future generations of PCs based on its chips.

"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," said George Thangadurai, general manager of the PC Client Services Division at Intel.

"Online commerce is a key focus area for Intel, and through this partnership with MasterCard, we intend to deliver an innovative, personalized and safer e-commerce experience to consumers."

The firms will look to marry Mastercard's Paypass, which can be applied to any NFC enabled device, with Intel's Identity Protection kit, and the firms reckon that once complete it will let users tap their Mastercard against an Intel-based device to make a payment.

"MasterCard is constantly working to improve the shopping experience for consumers and merchants," said Ed McLaughlin, chief emerging payments officer at MasterCard. "The collaboration with Intel will deliver enhanced security and faster checkout - with the convenience of a simple click or tap." µ

 

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