MasterCard History of Securing Payments

Working Together, We Can Defeat Fraud

For four decades, MasterCard has led industry efforts to create a secure environment for financial transactions. One of our most critical missions is to provide innovative measures that protect cardholder account information and help enable MasterCard customers and merchant businesses prevent losses due to payment card fraud.

MasterCard and its business partners share a common goal — to protect payment card transactions and personal data against fraud. From holograms and the tamper-evident signature panel to card validation codes, many of MasterCard's security innovations have become industry standards. And to continually meet the ongoing challenge of fraud, MasterCard is constantly developing new initiatives to make the future of payment transactions even more secure.

A HISTORY OF SECURITY INNOVATIONS

Over the past four decades, MasterCard has been a leader in the payment services industry with many security innovations and initiatives.

  • 1969 — Introduced a centralized fraud reporting system to track and analyze fraud
  • 1974 — Standardized the magnetic stripe for all cards
  • 1983 — Pioneered the three-dimensional hologram
  • 1988 — Developed CVC 2 (Card Validation Code 2) and the tamper-evident signature panel
  • 1990 — Introduced the Customer Protection Program, combining fraud monitoring and analysis
  • 1995 — Introduced Chip technology
  • 2001 — Launched MasterCard Site Data Protection™
  • 2002 — Launched MasterCard SecureCode®
  • 2003 — Introduced the Debit MasterCard Hologram
  • 2004 — Partnered with NameProtect to close down fraudulent Internet sites
  • 2005 — Mandated Triple DES encryption on all ATM networks; integrated mobile messaging service into fraud-detection product Aristion

Learn What You Can Do To Protect Yourself As A Merchant

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