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February 09, 2005

Mastercard: new anti-fraud measures

Mastercard is launching a new scheme, where suspicious purchasing can send out a warning text message to the holder within minutes.

The intention is to catch credit card fraud as close to start of use as possible, minimising the damage fraudulent spending can do.

Normally, a manual check and a phone call is required, and this can take days for the purchases to be queried to a user.

According to the BBC's report MasterCard's new anti-fraud plan, the text messaging will be handled by mBlox.

Posted by at February 9, 2005 10:40 PM


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