Mastercard is acquiring a Canadian anti-fraud specialist to beef up its cybersecurity.
The Purchase-based global credit card and payments company has agreed to buy NuData Security of Vancouver, British Columbia.
NuData uses biometric and session information to identify behaviors that can”™t be mimicked by a third party. It authenticates legitimate online and smartphone users and flags high-risk users, according to a news release from Mastercard. The technology helps card issuers, merchants and processors to quickly collaborate on security issues.
The company analyzes and scores 80 billion online transactions a year.
The terms of the deal were not disclosed.
Mastercard booked a 37.6 percent profit margin last year, according to its financial statement, on $121.2 billion in revenue and nearly $4.1 billion in net income.
