Mastercard buys NuData Security, aims to beef up IoT payment security

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Mastercard said it will acquire NuData Security, which focuses on online and mobile fraud detection via passive biometrics.

Terms of the deal weren't disclosed.

Mastercard said it is acquiring NuData so it can integrate its technology into its fraud management and security products. The bet is that secure payments will be critical to the Internet of things ecosystem and smart devices.

NuData's flagship product line is called NuDetect, which identifies real users over fraudulent ones based on their online, mobile, and smartphone interactions. NuData takes usage information to assign a risk score to an individual or transaction.

According to NuData's site, NuDetect integrates behavioral biometrics, analysis, device, access intelligence, and a database of events across the company's customer base and business network.

Here's how it comes together for NuData: