Mastercard Focuses on Digital Identity Innovation with Close of Ekata Acquisition
June 09 2021 - 4:01PM
Business Wire
Mastercard (NYSE: MA) today announced it has completed its
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.
“We’re delighted to welcome the Ekata team to Mastercard,” said
Ajay Bhalla, president, Cyber and Intelligence, 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.”
Proving your identity is critical to creating trust in our
increasingly digital world. And for those who do not have an
official identification, they face greater barriers to financial
inclusion and health inclusion.
Ekata's identity verification data, machine learning technology
and global experience will add to Mastercard's fraud prevention and
digital identity programs. 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.
About Mastercard
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. Our decency quotient, or DQ,
drives our culture and everything we do inside and outside of our
company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all. www.mastercard.com
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Mastercard Investor Relations: Gina Accordino,
investor.relations@mastercard.com, 914-249-4565 Mastercard
Communications: Seth Eisen, Seth.Eisen@mastercard.com,
914-249-3153
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