Mastercard to Acquire Ekata to Advance Digital Identity Efforts - Seite 2
Ekata is headquartered in Seattle, with offices in Amsterdam, Singapore and Budapest.
Delivering on the Strategy, Strengthening Value
Commitment to Privacy, Responsibility - Ekata shares Mastercard’s commitment to safe and secure data practices centered around the individual, further reinforcing their value to the end user.
Strong Identity Technology - Ekata has built a core set of identity verification services that helps to provide the backbone of the safety and security of everyday commerce. By bringing the capabilities, technologies and teams together, there is the potential to deliver even more trust and peace of mind, well beyond identity verification and identifying fraud trends.
Complementary Expertise - The addition of Ekata's technology and engineering teams will help bolster the support Mastercard can provide as a one-stop partner for any consumer, bank, merchant, fintech or government’s data, payment and open banking needs. The combined capabilities across digital-first, installment and crypto payment services will help to enable greater choice and functionality, with the potential to expand further to real-time payments and cross-border activities.
Together, Mastercard and Ekata will deliver a more comprehensive identity service that can power real-time decision-making needs, from new account openings to helping merchants assess potential fraud before a payment transaction is authorized.
As with past acquisitions, Mastercard does not expect this acquisition to be dilutive to its business for greater than 24 months. This dilution is driven by investments in the business, including the impact of purchase accounting and integration related costs.
The transaction is subject to regulatory review and customary closing conditions. It is anticipated to close within the next six months.
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. www.mastercard.com