SecureKey brings hardware-based security to MasterPass digital commerce platform

SecureKey briidge.net DNA combined with Intel Identity Protection Technology (Intel IPT), provides MasterPass wallet holders and merchants with an additional level of hardware-based security to help reduce fraud risk and to help ensure online payment transactions.

Intel IPT helps provide a method for protecting consumer and business data from threats and fraud. As a feature in all Intel-inspired Ultrabook devices and computers with the latest Intel Core processors, Intel IPT is a key component in enabling hardware-based two-factor authentication solutions for online websites and business log-ins. The combination of briidge.net DNA and Intel IPT is a result of a collaboration SecureKey established with Intel to enable strong authentication solutions for various vertical market applications.

Consumers can link any Intel IPT-enabled device to MasterPass-connected wallets and attain hardware-based security benefits because briidge.net DNA technology is integrated in all Intel IPT-enabled devices.

For select Intel IPT-enabled devices that have near field communication (NFC) capabilities, the SecureKey solution allows the consumer pay for online transactions by simply tapping a MasterCard contactless payment card on their computer. The SecureKey solution reads the contactless bank card and performs the card authentication using the existing issuer payment network over an encrypted channel. This implementation provides equivalent security to a card-present transaction, which over time may significantly reduce the fraud risk for card issuers and lower transaction costs for merchants. The NFC capabilities also eliminate the need for the consumer to manually enter payment and shipping information by allowing consumers to load new cards into MasterPass-connected wallets.