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Mastercard rolls out Blockchain API

Mastercard opens up access to its blockchain API platform for developers. Mastercard Blockchain facilitates new commerce opportunities for the digital transfer of value by allowing businesses and financial institutions to transact on a distributed ledger. The technology can power multiple use cases and can help take time, cost and risk out of financial flows. Here are some examples from the Mastercard website:

What if we buy from online stores that do not have the 3-D Secure protocol?

Every day e-commerce is growing by leaps and bounds, and virtual stores are no stranger to receiving chargebacks for fraudulent transactions that users are claiming for some kind of online fraud they have been exposed to. Therefore, it is necessary to consider what are the positive and negative factors that both banks and online businesses should consider when processing an online purchase transaction.

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