Skip to main content
  1. Tech
  2. Gadgets & Tech
  3. Tech Gear

MasterCard tied to your mobile phone location prevents credit card fraud

See also

According to an announcement from Forbes today, Master Card is in the testing phase of creating a system that only allows charges to process if your credit card is near you, or essentially near your mobile phone.

Syniverse, a global telecommunications company, will be partnering with Master Card to help facilitate approval, or denials of charges based on a mobile phone’s geolocation in relation to the credit transaction.

Not only will this help mitigate fraudulent charges that occur from credit theft, but this will also help to ensure that travelers have a “seamless transaction” while making purchases abroad.

According to, the companies plan to leverage this service in other ways. In addition to using this service to protect against fraud, subscribers will receive targeted offers based on nearby retail shops.

As it is typical that many concerns and questions come to mind as products become more involved into our personal data, the platform will be an opt-in service.

While one intention is to resolve discrepancies in fraudulent charges while abroad, several wonder wether the outrageous mobile roaming fees will really outweigh the risks, or benefits of the platform. To help offset roaming fees, Forbes says that, “the alliance will also offer mobile users a choice of prepaid data packages … when they arrive to their destination.”


Don't Miss

  • Massive
    Ubisoft Massive exclusive: 'The Division', PS4 & Xbox One, Activision to Ubisoft & more
    Games Exclusive
  • iPhone
    Get your wallet ready: The next iPhone could cost $100 more than your last one
    Tech Buzz
  • Civ
    Need to catch up on 'Sid Meier's Civilization'? Here is everything you need to know
    Games Feature
  • Google Glass
    See how Google Glass is letting sick kids go to the zoo without leaving the hospital
    Tech News
  • Upcoming
    These are 2014's biggest PS4, Xbox One and Wii U games
    Games Feature
  • Google
    Google has filed for a patent to develop contact lenses capable of taking photos

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about and apply today!