Mastercard announced Wednesday that it has entered into an agreement to acquire NuData Security, a global technology company that helps businesses prevent online and mobile fraud using session and biometric indicators. The acquisition will strengthen its efforts around device-level security and authentication, enabling near real-time collaboration between issuers, merchants and processors, the company said.
NuData’s flagship NuDetect product identifies authentic users from potential fraudsters based on their online, mobile app and smartphone interactions, flagging those that represent the highest risk. The technology assesses, scores and learns from each online or mobile transaction to enable merchants and issuers to make near real-time authorization decisions.
“Securing all payments today and tomorrow remains a top priority for Mastercard,” said Ajay Bhalla, president of enterprise risk and security for Mastercard. “The addition of NuData will build on our layered security strategy to safeguard each and every transaction across the globe. The combination of session and biometric information will provide even richer context around potential cyber and device-specific threats, enabling us to deliver even greater trust and peace of mind.”