Mastercard Completes the Acquisition of Ekata

Mastercard, a global technology company in the payments industry, announced it has completed the acquisition of Ekata, a leading provider of identity verification services that help businesses make more informed decisions during online account opening, payments and a variety of other digital interactions.

According to the announcement, Ekata’s identity verification data, machine learning technology and global experience will add to Mastercard’s fraud prevention and digital identity programs.

Forexway Launched the First-of-its-kind Animated Videos on Forex Trading​

The combined services will help businesses confidently know who their customers are and, in turn, help those customers safely interact online, while continuing to advocate and support the responsible use of data.

Ajay Bhalla, president, Cyber and Intelligence, Mastercard, commented: “We’re delighted to welcome the Ekata team to Mastercard. Our focus will now be on bringing our talented teams together and advancing our identity capabilities to create a safer, seamless way for consumers to prove who they say they are in the new digital economy. Central to all of this is the balance of a frictionless experience with the trust delivered through a relentless commitment to customer privacy, control and security.”

Fazzaco earlier reported Mastercard announced the acquisition of Ekata for US$850 million.