Mastercard, Federal Bank join hands to make digital transactions safer

Global payments technology major Mastercard has joined hands with Federal Bank to provide an additional layer of security for digital transactions.

Mastercard has entered into a partnership with Federal Bank to offer identity check to the bank’s cardholders, it said in an announcement.

Mastercard Identity Check is a global authentication program that uses the latest authentication standards of EMV 3-D Secure to provide an additional layer of security for digital transactions and facilitate higher approval rates, improving the authentication experience for merchants, issuers and cardholders.

It provides banks with a secure and user-friendly way to authenticate cardholders without the use of static passwords, increasing approval rates.