• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Mastercard Identity Check Authentication Service Now Available to Federal Bank Customers in India

December 24, 2019

Biometrics News - Mastercard Identity Check Authentication Service Now Available to Federal Bank Customers in India

Mastercard has announced a partnership with Federal Bank that will see its Mastercard Identity Check (MIC) platform become available for its customers throughout India.

The EMV 3-D Secure MIC platform allows for biometric identification, giving card-holders the added security of two-factor authentication, which Mastercard says decreases instances of online shopping cart abandonment and reduces cases of fraud while providing increases to approval rates.

Mastercard also claims that the inclusion of the MIC platform has led to the growth of digital transaction approvals by nearly 13% in other countries where it has been implemented.

“We believe that this new solution will provide a seamless experience and will find instant afinity amongst our Mastercard cardholders,” said Shalini Warrier, chief operating officer of Federal Bank.

Speaking of their partnership with Federal Bank, the vice-president of cyber and intelligence solutions for Mastercard South Asia Sujay Vasudevan said “Mastercard is committed to creating innovative payment solutions that deliver enhanced safety and security at every touchpoint, to enable simple, frictionless consumer experiences.”

The partnership is Mastercard’s latest move in the Indian market after it provided an undisclosed amount of money as part of a Series-A funding round for Indian digital identity startup Syntizen Technologies.

Sources: Times of India, Inc42, ThePaypers

–

December 24, 2019 – by Tony Bitzionis

Related News

  • Fujitsu PalmSecure Brings Contactless Biometric Authentication to IGEL OSFujitsu PalmSecure Brings Contactless Biometric Authentication to IGEL OS
  • Computop Provides Strong Biometric Authentication for Online RetailersComputop Provides Strong Biometric Authentication for Online Retailers
  • Government Committees, Task Forces, and Officials Assess Biometric Tech: Identity News DigestGovernment Committees, Task Forces, and Officials Assess Biometric Tech: Identity News Digest
  • Mastercard to Discuss Biometric Checkout in FindBiometrics Identity Summit Opening SessionMastercard to Discuss Biometric Checkout in FindBiometrics Identity Summit Opening Session
  • NEXT Biometrics’ $2.2M India Deal Is Now ‘Irrevocable’NEXT Biometrics’ $2.2M India Deal Is Now ‘Irrevocable’
  • Protean and PayNearby Use Aadhaar to Raise Financial Inclusion in IndiaProtean and PayNearby Use Aadhaar to Raise Financial Inclusion in India

Filed Under: News Tagged With: biometric authentication, biometrics, credit cards, digital payments, EMV 3-D Secure, India, MasterCard, Mastercard Identity Check, two factor, two factor authentication

Primary Sidebar

Identity is Shaping Air Travel – Time to Invest

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Another Big BIPA Ruling, Paris Olympics Legislation, NEOM Airlines, and More: Identity News Digest
  • FacePhi Co-founds Social Impact Project With Spanish University, Investment Group
  • The NSA and CISA Highlight On-device Privacy: Identity News Digest
  • On-demand Webinar: Building a Passwordless World
  • Webinar: Building a Passwordless World with Prove’s Bill Fish

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics