Posted 02/26/2014 at 11:10 AM
Posted 3 years ago
Geo-locational security is the new facet that may be employed to ensure security, as MasterCard and Syniverse pair up.
Approving credit card transactions depending upon if a mobile device is in the user’s specified location, is in the early stages of a pilot program.
That’s the security part.
To make sure that the GPS is functioning, the user has the choice of using prepaid data packages upon arriving at the location where they will do business with the card.