MasterCard Invites Customer Input at Digital Security Lab

MasterCard has opened its digital security facility to its customers in order to promote collaboration on payments security issues, according to a company news release. The lab is based in England and focused on testing threats to all forms of digital payments in coordination with government security agencies and leading academics.

"The MasterCard DigiSec Lab represents our collective efforts to maximize product innovation and security investments," said Ajay Bhalla, president of enterprise security solutions at MasterCard. "We've now opened the lab to our customers as part of an ongoing commitment to share insights, solutions and best practices to deliver the highest levels of security."

The DigiSec Lab team deconstructs the latest technologies such as chip cards, mobile payments, and biometric authentication to identify opportunities to further strengthen their security.

The broadened mandate of the lab will help jointly problem solve for fraud and risk by activating its tools, unique broad network view and technical know-how, MasterCard said.