Mastercard Devising Plan To Authenticate Online Transactions By Mobile Phone
Wednesday, November 18th, 2009In the online world, there are few places one feels as vulnerable than when conducting an online transaction. Inputting your information leads to the feeling of uncertainty, not knowing who is privy to the information you’re entering. Security measures have no doubt improved throughout the years, but still have room for improvement. MasterCard hopes to be part of the evolution, and doing so through mobile technology.
The company announced on Monday, a security measure which would use mobile phones as a means for making online transactions safer. The new measure would send users through either SMS or a mobile app, a one time password that would have to be entered to complete a transaction. (more…)

