Security

Trulioo partners with Mastercard for identity verification

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June 12, 2024

Truiloo, an identity platform, partnered with Mastercard to provide identity verification solutions for merchants and customers. In particular, Truillo will use Mastercard to power its Person Match and Risk Intelligence products, which will in turn improve customer onboarding while combating fraud, according to a press release.

In addition, Mastercard will integrate Truiloo's global business identity verification services into its Onboard Risk Check solution. The ultimate aim of this partnership is to mitigate fraud risk and boost global payments trust.

"The digital economy thrives when people trust it and trust each other," Dennis Gamiello, EVP identity products and innovation, Mastercard, said in the release. "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."

"Trulioo is proud to partner with Mastercard and shares their dedication to industry-leading business verification and fraud prevention," Steve Munford, CEO of Trulioo, said in the release. "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."