Leading the payment services industry in data security.
MasterCard’s leadership in advancing security in commerce is unsurpassed. As a thought leader in payment card security, MasterCard has played a major role by:
These efforts help every segment of the payment card industry - from business partners to financial services institutions - to law enforcement agencies globally.
MasterCard is steadfast in its commitment to continue to provide safe, secure and reliable payment products and services. One goal is to help MasterCard business partners increase their revenues by accepting and processing MasterCard cards. MasterCard strives to achieve this goal through innovation, collaboration and by providing an end-to-end global response to payment card fraud.Innovating Technology
Collaborating with Experts
Responding Globally to a Worldwide Challenge
The first to market with many card security features, MasterCard continues to develop and implement new programs to advance data protection and prevent payment card fraud.
A History of Security Innovations
Over the past four decades, MasterCard has been a leader in the payment services industry with many security innovations and initiatives.
MasterCard has long recognized the security and processing potential of the chip, and has made chip payment technology central to its fraud prevention strategy. Payment cards containing chips are more powerful than traditional magnetic stripe cards because they contain tiny computers that make transactions safer. Chip technology also reduces the incidence of fraud by making cards more difficult to counterfeit.
Security Advantages for Merchants
When a cardholder makes a card-present purchase, the chip card is inserted into a Point-of-Sale (POS) terminal and remains there during the transaction. The chip communicates with the terminal to validate the cardholder’s identity and record important transaction information. Chip cardholders usually authenticate themselves with a Personal Identification Number (PIN), which is a safer means of authentication than a signature.
Chip transactions using a PIN provide additional security for lost or stolen cards. Businesses that use chip and PIN terminals are relieved of liability for the cost of card fraud - whether cardholders enter their PIN or their signature - as long as cashiers follow the directions indicated in terminal prompts and use routine security practices. Businesses can also benefit from fewer chargebacks.
As chip cards become more widely used, they will increasingly replace cash, reducing the need to handle and store currency. Chip cards also minimize the potential for errors and losses by eliminating the need for paper reconciliation—transaction records are entirely electronic.
Making Remote Shopping More Secure
For online shoppers, MasterCard offers OneSMART™ Authentication, a chip-based solution that uses a card reader to generate one-time passwords for highly secure shopping over the Internet. The same approach can be used to secure mail or telephone order payments and remote banking transactions.
Getting the Word Out About Security
MasterCard shares the latest knowledge on security and fraud with MasterCard members, industry leaders, and law enforcement agencies around the world.
When it comes to fraud prevention, collaboration is essential. MasterCard maintains strong relationships with law enforcement officials and industry leaders MasterCard also works with retailers and their business partners. In addition, MasterCard has developed best practices to protect transaction data throughout the entire payment process.
MasterCard is a global brand, with cards accepted at nearly 24 million locations in more than 210 countries and territories around the world. MasterCard demonstrates its commitment to protecting members, business partners and cardholders from payment card fraud through a rigorous and comprehensive approach.
A Commitment to Security in Commerce
MasterCard takes fraud prevention seriously, and demonstrates this commitment every day—innovating new preventive technologies and programs, collaborating with industry leaders and law enforcement, and acting forcefully and globally to protect the payment services industry and keep commerce secure.