Mastercard Acquires Digital Identity Company Ekata For $850 Million

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Mastercard Acquires Digital Identity Company Ekata for _850 Million

Mastercard has proclaimed that it will purchase Ekata for $850 million in a contract that will reinforce its identity verification technology.

Application programming interfaces (APIs) and devices of Ekata are used by retailers, marketplaces, and financial enterprises across various industries. Ekata’s platform offers artificial intelligence, improved risk scoring, indicators, and data qualities.

The acquisition of Ekata will further bolster MasterCard’s digital uniqueness and security structure. Besides, Ekata provides a group of identity verification services to prevent fraud from happening.

Ekata has APIs for phone intelligence, account openings, transaction risk, merchant onboarding, risk, and identity checking through email, telephone, and address.

To Read More: ZDNet