The MasterCard is expanding with a payment security system in Europe

MasterCard announced the launch of Safety Net in Europe. Safety Net is a global tool that reduces the impact of cyber hacking of banks and processors. It is designed to use the power of MasterCard’s global network, to identify unusual behavior and potential attacks – often, even before the bank or processor is even aware.

Around the world consumers consider safety and security of their payments a key priority when shopping, which is why MasterCard has been working to ensure payments and the data connected to payments are safe, wherever they are. The company does this through a number of tools, in a multi-layer approach that works in partnership with issuers, acquirers, retailers and consumers. (MTI)