Through this effort, cardholders and merchants would see a reduced number of transactions unnecessarily declined, while maintaining the highest levels of security. Javelin estimates that one out of every six cardholders experienced at least one decline because of suspected fraud in the past year.
At launch, the MasterCard IQ series will include two core products providing insights into cardholder spending habits: authorization IQ and assurance IQ.
MasterCard is a technology company in the global payments industry that operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone.
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