Trulioo and Mastercard have partnered to help clients streamline onboarding while combatting fraud.
Trulioo will leverage Mastercard’s identity solutions to gain insight into identity and risk scores.
Mastercard will tap Trulioo’s global business identity verification services to enhance its Onboard Risk Check product by adding a layer of assurance to merchant and consumer onboarding solutions.
Global identity platform Trulioo announced today it has teamed up with Mastercard to help merchants streamline digital onboarding while helping them combat fraud.
Under the agreement, Trulioo will leverage Mastercard’s identity solutions to power two of its products– Person Match and Risk Intelligence. This will offer Trulioo insights into identity and risk scores through a customizable, intuitive dashboard, extending the company’s offerings beyond API-based products and further enhancing its onboarding processes.
“Trulioo is proud to partner with Mastercard and shares their dedication to industry-leading business verification and fraud prevention,” said Trulioo CEO Steve Munford. “As organizations navigate the complexities of the digital payments industry, fraud and business identity theft are constant threats. This is a pivotal milestone in our joint endeavor that will pave the way for a more secure global digital landscape.”
Mastercard will also see benefits from the strategic partnership. Trulioo’s global business identity verification services will enhance Mastercard’s Onboard Risk Check product by adding a layer of assurance to merchant and consumer onboarding solutions, helping to mitigate risk, reduce fraud, and increase trust in payments made across the globe.
“The digital economy thrives when people trust it and trust each other,” said Mastercard executive vice president, Identity Products, and Innovation Dennis Gamiello. “The ability to verify people are who they say they are instills confidence on both sides of digital interactions. Together with Trulioo, we are fueling the connections that make a vibrant digital economy possible.”
Canada-based Trulioo was founded in 2011 to help organizations navigate compliance by offering real-time verification of more than 13,000 ID documents and 700 million business entities across the globe, while checking against more than 6,000 watchlists. The company has raised $475 million.
Photo by Brett Jordan on Unsplash
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