New technology soon for Indians against online frauds: Mastercard


MastercardTo help its customers tackle rapidly growing online frauds, Mastercard, the leading global payments and technology company, will provide its Indian customers cutting edge innovations, a top official of the company has revealed.

Artificial intelligence, biometric, authentication were among other risk-assessing and managing solutions being used to tackle frauds across the globe including in India, said Mastercard’s Executive Vice President for Asia Pacific Rama Sridhar.

Speaking on the sidelines of Money Asia 20/20 conference on financial eco-system, Sridhar said: “A lot of security fraud solutions on card-based products are already available to the Indian market.”

“Mastercard is very interested in bringing all the securities to its Indian customers,” she said while expressing concern over frauds in a rapidly growing electronic transactions.

Indian financial dealings, Sridhar said, had picked up pace from cash to digital in recent years, especially with the introduction of smart phones and mobile devices.

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