Intel and MasterCard have today announced a new partnership that will allow them to bring NFC PayPass credit card payments to Ultrabooks. This collaboration aims to revolutionize the way users conduct online transactions by integrating advanced security features such as two-factor authentication and chip-based display protection. These enhancements are designed to provide a safer and more convenient e-commerce experience for users.
The system will allow users to pay using a tap of their NFC smartphone or any other PayPass-enabled device together with their Ultrabook. The system will generate a six-digit code from the embedded processor or from within the Manageability Engine. This code serves as an additional layer of security, ensuring that only authorized transactions are processed.
The ME hardware, encrypted with third-party algorithms, will then create and process the payment with the e-commerce site of your choice. This encryption ensures that sensitive information is protected from potential cyber threats. George Thangadurai, general manager of PC Client Services Division, Intel Corporation explains:
“Our goal is to enable users of Ultrabook devices and future generations of Intel-based PCs to enjoy the convenience of e-commerce while making online payments safer from malware and hackers with the advanced security capabilities of Intel Identity Protection Technology,” – “Online commerce is a key focus area for Intel, and through this partnership with MasterCard, we intend to deliver an innovative, personalized and safer e-commerce experience to consumers.”
Enhanced Security Features
One of the standout features of this new system is its focus on security. The two-factor authentication process requires users to verify their identity using two different methods, typically something they know (like a password) and something they have (like an NFC-enabled device). This significantly reduces the risk of unauthorized access. Additionally, the chip-based display protection ensures that sensitive information is not easily accessible to malware or hackers.
The Manageability Engine (ME) plays a crucial role in this security framework. It is responsible for generating the six-digit code that adds an extra layer of protection to each transaction. The ME hardware is encrypted with third-party algorithms, making it extremely difficult for cybercriminals to intercept or manipulate the data.
Convenience and User Experience
In addition to enhanced security, the partnership between Intel and MasterCard aims to improve the overall user experience. The ability to make payments with a simple tap of an NFC-enabled device eliminates the need for entering lengthy credit card information, making the checkout process faster and more efficient. This is particularly beneficial for users who frequently shop online and are looking for a seamless transaction experience.
Moreover, the integration of NFC PayPass technology into Ultrabooks means that users can enjoy these benefits without needing additional hardware or software. The system is designed to work out-of-the-box, providing immediate access to secure and convenient payment options.
The collaboration between Intel and MasterCard is a significant step forward in the evolution of e-commerce. By combining Intel’s advanced security technologies with MasterCard’s expertise in payment solutions, the partnership aims to set a new standard for online transactions. This initiative not only addresses current security concerns but also paves the way for future innovations in the field of digital payments.
The partnership between Intel and MasterCard represents a major advancement in the realm of online payments. With its focus on security, convenience, and user experience, this new system has the potential to transform the way we conduct e-commerce. As technology continues to evolve, collaborations like this will play a crucial role in shaping the future of digital transactions.
Source: NFC World
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