Finovate: Mastercard Adds to Authentication Arsenal with Acquisition of NuData Security

March 30, 2017 — Mastercard Adds to Authentication Arsenal with Acquisition of NuData Security

Finovate responds to the announcement that Mastercard has entered an agreement to acquire NuData.

Terms were not disclosed, but Mastercard announced today that it would acquire Canadian anti-fraud specialist, NuData Security. Mastercard signaled that the addition would help the company with device-level authentication, but the move is widely believed to buttress its cybersecurity arsenal as payments from devices connected to the Internet of Things become a reality. “Securing all payments today and tomorrow remains a top priority for Mastercard,” Ajay Bhalla, president of enterprise risk and security for Mastercard said. Bhalla added NuData Security’s combination of “session and biometric information” will better help defend against a wide variety of online and device-targeting threats, “enabling us to deliver even greater trust and peace of mind.”

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