Source: http://www.engadget.com/2011/11/14/intel-and-mastercard-to-offer-ultrabook-users-safer-nfc-checko/
Entering a 16-digit credit card number may be a thing of the past with a new initiative from
MasterCard and
Intel, which allows users to checkout online by tapping a PayPass-enabled card, tag or smartphone to their
Ultrabook. Calling the checkout "safer" and "simpler," Intel is bringing its Identity Protection Technology to the potluck, giving shoppers two-factor authentication and chip-based display protection when forking over that hard earned cash. Here's how it all works: when you tap a NFC smartphone or other PayPass-enabled device, it will communicate with the Ultrabook, generating a six-digit code from the embedded processor or from within the Manageability Engine. The ME hardware, encrypted with third-party algorithms, then transacts with the e-commerce site, hopefully offering shoppers more protection than standard software solutions. Since using the feature requires an NFC-connected device as well as the Ultrabook and a username and password, forgetful folks who tend to misplace their phone or computer won't have to worry about unwarranted spending. Sadly, the solution won't protect your wallet from the perils of a late night shoe shopping spree. Check out the full PR after the break.
Continue reading Intel and MasterCard to offer Ultrabook users 'safer' NFC checkout via PayPass, impulsive shoppers rejoice
Filed under: Laptops
Intel and MasterCard to offer Ultrabook users 'safer' NFC checkout via PayPass, impulsive shoppers rejoice origin ally appeared on Engadget on Mon, 14 Nov 2011 00:14:00 EDT. Please see our terms for use of feeds.
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