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Intel and MasterCard partner for payment security

November 16, 2011

Two of the biggest companies in the world recently signed a partnership to improve online payments and help consumers keep information more secure.

Two of the biggest companies in the world recently signed a partnership to improve online payments and help consumers keep information more secure.

The Wall Street Journal reports MasterCard and Intel signed a deal to leverage the merchant services provider’s PayPass system and the technology company’s Identity Protection Technology over the next few years. The latter gives users a temporary six-digit number as part of its tokenization process.

The head of Intel’s PC client services division, George Thangadurai, said that partnership would make the process safer for consumers who choose to engage and the companies offering the payment system.

“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 Thangadurai.

MasterCard made other news when it reported gains during the third quarter of the year. The company announced that profits had risen 38 percent during the time period, with its net revenue increasing 27 percent. 

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