Mastercard to use geolocation data to boost credit card security on phones

With hacks, stolen credit card data, and identify fraud constantly on the rise, some credit card companies are looking into how to better beef up security. MasterCard announced Tuesday that it has partnered with mobile technology company Syniverse to make it more difficult for unauthorized users to buy goods with nabbed credit cards. While working to heighten credit card security is nothing new, MasterCard’s most recent plan is a bit different because it involves users’ smartphone geolocation while they’re traveling abroad.