MasterCard, Intel team up to improve online payment systems

Thursday, November 17, 2011

MasterCard (NYSE: MA) announced a strategic alliance with chipmaker Intel Corporation (Nasdaq: INTC) to offer a wider range of safer and easier to use options for m-payment providers and users, a press release from the former reads.

The alliance combines MasterCard's payment processing and commerce expertise with Intel's strengths in silicon innovation and chip-based security technology, making e-commerce safer and simpler, according to MasterCard.

Latin America was the fastest growing region for MasterCard in 3Q11, with gross dollar volume rising 24.6% year-on-year on a local currency basis, to US$71bn.

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