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Mastercard to Acquire Ekata to Advance Digital Identity Efforts streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Article content Mastercard Inc said on Monday it had agreed to buy digital identity verification company Ekata in a deal valued at $850 million, as the global payment processor bets on a boom in demand for companies in the digital security space. The COVID-19 pandemic has prompted a shift to remote working, boosting demand for services to safeguard against cyber fraud. We apologize, but this video has failed to load. Try refreshing your browser, or Mastercard to buy digital ID verification firm Ekata in $850 mln deal Back to video “The acceleration of online transactions has thrust global digital identity verification to the forefront as one of the biggest opportunities to build digital trust and combat global fraud,” said Rob Eleveld, chief executive officer of Ekata, in a statement. ....
Mastercard to Acquire Ekata Mastercard has announced its intention to acquire Seattle-based digital identity verification company Ekata in a deal valued at $850m. The payment processor publicized the planned purchase on Monday morning and said that they expect to close the deal within the next six months. Ekata works with over 2,000 companies worldwide to help them combat fraud and counts among its clients Sage, American Airlines, Equifax, and Lyft. It was founded in July 2019 when Seattle-based background checking company Whitepages split into two separate companies Whitepages and Ekata. Using its proprietary Ekata Identity Engine, the company draws insights from two datasets the Ekata Identity Graph and the Ekata Identity Network. The former aggregates more than a billion identities using data licensed from vetted global data providers, while the latter confirms that the digital identity elements are valid and correctly lin ....
Mastercard to Acquire Ekata to Advance Digital Identity Efforts New capabilities strengthen trust in every interaction through AI-powered identity verification reinforced by commitment to strong data management principles. Trust is the key ingredient to conducting digital commerce. Central to creating trust in a digital world is the ability to prove your digital identity - who you are, whether you are interacting in person, online or in app. Today, Mastercard (NYSE: MA) took steps to advance its identity verification efforts with the acquisition of Ekata for US$850 million. Digital identity is a foundational part of Mastercard’s multi-layered approach to security. In 2019, the company introduced a new framework on how digital interactions should evolve, as well as how digital identity will build trust, collaboration and economic growth. That framework is now in use across a number of sectors, from education to travel to healthcare. ....
Ekata Launches Merchant Onboarding Solution to Enable Faster, Smarter Assessments of Merchant Risk Thursday, April 8, 2021 12:24PM IST (6:54AM GMT) New API and SaaS solutions link businesses to the individuals behind them, enabling payment providers and lenders to onboard merchants faster than ever before and with higher confidence
Seattle, United States:
Ekata, the leader in global digital identity data, today announced its Merchant Onboarding solution to help payment service providers (PSPs), B2B lenders and marketplaces onboard the growing number of micro-merchants and sole proprietors across the globe faster and with more confidence. The lack of commercial track record for these new small businesses makes it difficult for PSPs and lenders to quickly and confidently approve them using traditional methods of risk assessment. Ekata set out to help customers enhance their existing models wit ....