Collaboration to Provide More Options for a Safer and Simpler Check-Out Process for Online Merchants and Consumers
SANTA CLARA, Calif. and PURCHASE, NY - Nov. 14, 2011 - Intel Corporation and MasterCard Incorporated announced today a multi-year strategic collaboration to further enhance the security and consumer payment experience for online shopping.
The collaboration will combine MasterCard's expertise in payment processing and commerce with Intel's strengths in silicon innovation and chip-based security. It is designed to provide more options for a safer and simpler checkout process for online merchants and consumers using Ultrabook devices and future generations of Intel-based PCs.
The two companies are working together to optimize a variety of emerging payments technologies, including MasterCard's PayPass® and Intel® Identity Protection Technology (IPT). Intel® Identity Protection Technology can enable consumers to use strong two-factor authentication and hardware-based display protection. This provides increased online security against malware. Additionally, when used with an Intel® Identity Protection Technology-enabled reader, consumers will be able to pay for online purchases with a simple tap of their PayPass-enabled card, tag, or smart phone on an Ultrabook device.
"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."
Consumers continue to shift their shopping to the Internet. Online sales reached $176.2 billion last year in the United States alone and are expected to grow at double-digit percentage rates annually for the next 5 years, according to Forrester Research.
"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 PC Client Services Division, Intel Corporation. "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."
MasterCard (NYSE: MA) is a global payments and technology company. It operates the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Learn more at http://www.mastercard.com, follow us on Twitter @mastercardnews or join the conversation on The Heart of Commerce Blog.
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world's computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.
Latest News Posts
- Microsoft Office 2016 public preview released
- Go 'Into The Woods' in our Blu-ray giveaway, thanks to Disney
- SurveyMonkey CEO David Goldberg's death confirmed as gym accident
- HP announces its new PCs will use AMD's Radeon R9 380 video cards
- Japan's age gap expanding, with robots seen as possible aid
- how to install ASrock 970 pro 3 r2.0 motherboard CD on a ubuntu 14.04.2 LTS help
- Glary Utilities Pro for free
- HIS MusiX Air Wireless Bluetooth IPX7 Water Resistant Speaker Review
- Wake on lan problem
- GB G97x ud5 bk with Kingston Hyperx Predator SHPM2280p2H/240g pcie ssd
- Nokia published its corporate responsibility report for 2014
- The Last of Us: Left Behind Available as a Standalone Download May 12
- Mortal Kombat X Launches Jason Voorhees Bundle
- MSI Launches 8 New Socket FM2+ Motherboards for AMD "Godavari" APU
- Vantiv: Payments Industry Moves to Speed Chip Card Acceptance