Mastercard Joins Hand With Federal Bank to Offer Identity Check Security for Digital Transactions

Global payments technology major Mastercard has tied up with Private Sector, scheduled commercial bank, Federal Bank, to provide an additional layer of identity check security called ‘Mastercard Identity Check’ for digital transactions by bank’s cardholders.
‘Mastercard Identity Check’ is a global authentication program which makes use of the latest authentication standards of EMV 3-D Secure.
It provides banks with a secure and user-friendly way to authenticate cardholders without the use of static passwords, and facilitate higher approval rates, improving the authentication experience for merchants, issuers and cardholders.