Mastercard and Trulioo have joined forces in a partnership aimed at improving the onboarding process for both consumers and merchants, while also combating fraud. Through this collaboration, Trulioo will incorporate Mastercard’s identity solutions into its products, such as Person Match and Risk Intelligence, to enhance the onboarding process and provide additional identity insights and risk scores. Additionally, Mastercard’s Onboard Risk Check product will now include Trulioo’s global business identity verification services, offering an added layer of assurance and mitigating risks in merchant and consumer onboarding solutions. With the aim of protecting against fraud on a global scale, this partnership will pave the way for a more secure digital landscape. Mastercard, as the second-largest payment network globally, uses its proprietary global payments network, along with identity insights, machine learning, and biometrics, to verify and authenticate genuine consumers. Trulioo, on the other hand, provides a comprehensive suite of in-house capabilities, covering 195 countries, to optimize the cost of onboarding verified customers and defend against fraud while maintaining regulatory compliance.
