Mastercard launches Threat Intelligence to combat payment fraud
Mastercard has introduced a new service designed to help financial institutions detect and prevent payment fraud before it happens. Mastercard Threat Intelligence will combine the company’s global fraud data with cyber threat intelligence from Recorded Future, resulting in a deeper level of visibility to how fraud originates and spreads across the payments ecosystem.
Fraud doesn’t always start when someone tries to buy something with a stolen card. In fact, it often begins much earlier -- when criminals hack a website to steal card details, run automated tests on stolen cards, or plant malware to skim payment data, for example. Mastercard’s new system helps banks’ fraud teams and cybersecurity teams spot these early warning signs together, instead of waiting until fraudulent transactions happen.
Microsoft teams up with Barclays to offer reward-laden Xbox Mastercard
Microsoft has announced the Xbox Mastercard, the result of a partnership with Barclays. The card will launch in the continental United States, Alaska and Hawaii later this month, and has no annual fee,
Initially available exclusively to Xbox Insiders, the credit card will ultimately be made available to everyone in the US. Aside from the lack of annual fee, there are other incentives for getting an Xbox Mastercard; every purchase made with the card earns points that can then be spent on games and add-ons at xbox.com.
Microsoft and Mastercard join forces to combat digital fraud
Microsoft has teamed up with Mastercard to launch a new identity protection solution which has been designed to help tackle digital fraud.
Mastercard has boosted its existing Digital Transaction Insights solution by adding next-generation authentication and real-time decisioning intelligence capabilities. The system helps merchants to verify customers' identities, and Microsoft will be providing its own insights and integrating the technology across its business.