AnonTechie [soylentnews.org] writes:
MasterCard is partnering with mobile technology company Syniverse. The two will deliver a service to fight credit-card fraud by linking the user's card with the user's mobile phone. This will be an opt-in service and it is still in pilot-phase. Geolocation data will be key in making this work; the person will need to have both the phone and card. In order to complete any card transaction the user will need to have that mobile device switched on to a specific geolocation while abroad. A credit card user's point-of-sale details will be correlated with the geolocation of the mobile device. The true location will be identified, reducing the likelihood that criminals have the card. The goal is to make it more difficult for unauthorized persons to buy goods with stolen cards.
http://www.cso.com.au/article/539151/mastercard_sy niverse_protect_against_card_fraud_phone_geolocati on/ [cso.com.au]
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