MasterCard has opened a digital security facility in the UK, which is focused on testing threats to all forms of digital payments by coordinating with government security agencies and academics.
The MasterCard DigiSec Lab works with other groups to provide a multi-layered approach to address security issues and risks.
The experts from the lab test the latest in security innovation from EMV to biometrics protecting payments.
They will further strengthen the technology to protect consumers, merchants and financial institutions from fraud.
The organisations are being forced to detect possible threats and concerns they are not aware of.
As organisations are being exposed to unknown attacks every day, the lab engineers will fire lasers at payment cards and utilises X-ray machines for analysing gadgets used by hackers.
MasterCard president of enterprise security solutions Ajay Bhalla said: "The MasterCard DigiSec Lab represents our collective efforts to maximise product innovation and security investments.
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"While payments have never been safer, criminals have never been smarter. We’ve now opened the lab to our customers as part of an ongoing commitment to share insights, solutions and best practices to deliver the highest levels of security."
