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
- Shadow of Mordor sequel optimized for Project Scorpio
- Nintendo Switch will have handheld-only mobile games
- Weekly hardware deals: Jet's extra $30 off GTX 1080
- Samsung introduces Gear VR with Controller
- Nintendo Switch battery lasts 5 hours at max brightness
- Will the PC-Q17 ever be released in the U.S?
- Blind BIOS update both backup and main BIOS chips are empty
- Main and backup BIOS are damaged or wipped
- Halo Wars 2 Xbox One Review
- Asus Zenfone 2 Laser 5.5s rear camera is not working
- FutureMark reveals new VR and server benchmarking tools
- LG preparing VR HMD
- Dolby Laboratories and LG Electronics announce first smartphone to support Dolby Vision
- Meet the HUAWEI P10, a stunning combination of technology and art
- Samsung expands tablet portfolio with Galaxy Tab S3 and Galaxy Book, offering enhanced mobile entertainment and productivity