Mastercard's Secure Payment Program (SPP) focuses on enhancing the security of online transactions, particularly in e-commerce, by implementing measures such as dynamic authentication and 3-D Secure technology. Through SPP, Mastercard aims to reduce fraud rates by providing a more secure online shopping experience for its cardholders. The program involves collaboration with merchants, issuers, and acquirers to implement advanced security measures and authentication protocols to mitigate the risk of fraudulent activities
By leveraging cutting-edge technologies and encryption tools, SPP helps detect and prevent unauthorized transactions, ultimately safeguarding consumers' sensitive payment information and enhancing trust in digital payment systems. The multi-layered security approach of the program includes tokenization, biometric authentication, risk-based authentication, and behavioral analytics to ensure a seamless yet secure payment environment. Overall, Mastercard's SPP plays a crucial role in combating fraud and maintaining the integrity of the payment ecosystem, leading to increased consumer confidence and trust in online transactions.https://www.mastercard.com/content/dam/public/mastercardcom/globalrisk/pdf/SP%20Post%20List%2005-03-24.pdf