MasterCard has rolled out real-time intelligence fraud management solutions and automatic billing updater that will assist issuers in Asia Pacific to ensure cardholders stay secured & hassle-free.
The newly launched products are MasterCard IQ series and Automatic Billing Updater service (ABU).
MasterCard IQ series, which is developed to minimize the number of card transactions being falsely declined, is a suite of solutions that will help issuers and merchants to make more informed authorization decisions.
The company in a statement said that MasterCard IQ series is available to issuers and merchants worldwide and supports all MasterCard brands and products. It includes two core products which will provide insights into cardholder spending habits, namely Authorization IQ and Assurance IQ.
While ABU securely communicates account changes from banks and merchants to ensure a seamless experience for cardholders’ recurring payments.
MasterCard senior vice president, network, processing & security solutions, Asia Pacific Rama Sridhar said: "Balancing the growing desire for greater security while maintaining the ease of making payments, these new offerings add to the recent expansion of our global Zero Liability promise and underscores our commitment to providing cardholders with greater confidence when paying with their MasterCard."