Mastercard Labs Joins Forces With Microsoft

Mastercard (NYSE: MA) and Microsoft (NASDAQ: MSFT) are forming a partnership. The fintech company and the tech giant will work to increase cloud-related activity for purposes of digital commerce.

The company describes Mastercard Labs as its "global R & D arm," bringing "innovative payment solutions" at faster speeds. Thanks to the partnership, Mastercard will power this technology through Azure and Microsoft's AR, VR, and IoT technologies. It will also enable the mission to "de-risk and commercialize emerging technologies and platforms for digital commerce."

For customers, this means a digital identity that benefits from universal recognition. This should facilitate interaction with businesses, service providers, and the wider online community.

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Source Fool.com