MasterCard has launched two new services in Asia Pacific: MasterCard IQ series and Automatic Billing Updater service (ABU).
The launch raises the bar on consumer experience for cardholders across the region.
MasterCard IQ series solutions are designed to reduce the rising number of card transactions being falsely declined.
Automatic Billing Updater service (ABU) securely communicates account changes from banks and merchants to ensure a seamless experience for cardholders' recurring payments.
"In today's digital world, consumers are increasingly concerned about safety and convenience," said Rama Sridhar, senior vice president, Network, Processing & Security Solutions, Asia/Pacific, MasterCard.
The MasterCard IQ series is designed to deliver greater convenience through real-time intelligence.
This suite of pioneering solutions aims to help empower issuers and merchants to make more informed authorization decisions.
Automatic Billing Updater (ABU) provides seamless service for recurring charges. Because each payment account maintains specific details, issuers can manage accounts using the latest technologies and security protections.
ABU enables MasterCard to securely systematize communication of account changes from banks to merchants, which allows merchants to provide cardholders with a seamless experience month after month and retain their business.
"Balancing the growing desire for greater security while maintaining the ease of making payments, these new offerings add to the recent expansion of our global Zero Liability promise and underscores our commitment to providing cardholders with greater confidence when paying with their MasterCard," added Sridhar.
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