Except for the company’s ongoing obligations under the U.S. federal securities laws, the company does not intend to update or otherwise revise the forward-looking information to reflect actual results of operations, changes in financial condition, changes in estimates, expectations or assumptions, changes in general economic or industry conditions or other circumstances arising and/or existing since the preparation of this press release or to reflect the occurrence of any unanticipated events.

Many factors and uncertainties relating to the proposed transaction, our operations and our business environment, all of which are difficult to predict and many of which are outside of our control, influence whether any forward-looking statements can or will be achieved.


CipherTrace founders are dedicated to protecting consumer privacy and growing the blockchain economy, while defending against illicit finance. Deep expertise in cybersecurity, eCrime, payments, banking, encryption and virtual currencies form the foundation for CipherTrace’s commercial offerings.
For more information, visit CipherTrace.com, subscribe to the CipherTrace Newsletters and follow us on Twitter @CipherTrace.

Forward-Looking Statements

This press release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts may be forward-looking statements.
When used in this press release, the words “believe,” “expect,” “could,” “may,” “would,” “will,” “trend” and similar words are intended to identify forward-looking statements.

Mastercard ciphertrace crypto security compliance

ESS WIRE)– Mastercard (NYSE: MA) today announced it has completed its acquisition of CipherTrace, a leading cryptocurrency intelligence company that offers digital asset security and fraud solutions for some of the world’s largest banks, exchanges and other financial institutions.

“Today marks a significant milestone for Mastercard as we further enhance our strategic capabilities, technologies and teams to support the evolution of digital assets,” say Ajay Bhalla, president of Cyber and Intelligence at Mastercard. “We believe that working together across the industry, we can deliver more security, transparency and trust to the payments ecosystem.”

The deal creates an integrated offering that combines AI, cyber and blockchain capabilities to provide businesses with greater transparency to help identify and understand their risks and manage regulatory and compliance obligations.

Mastercard ciphertrace crypto security compliance manager 3 0

Payment services company Mastercard has acquired blockchain analytics firm CipherTrace to bolster its own cyber security tools and to better comply with crypto regulatory guidelines, according to an announcement on Thursday. The amount offered for the acquisition remains undisclosed.

“With the rapid growth of the digital asset ecosystem comes the need to ensure it is trusted and safe,” said Ajay Bhalla, president of Cyber and Intelligence at Mastercard, in the statement.
“Our aim is to build upon the complementary capabilities of Mastercard and CipherTrace to do just this.”

In addition togathering datain the crypto space, CipherTrace publishes yearly reports about thetrendsin the crypto ecosystem and has builtcompliance toolsfor decentralized exchanges.

Mastercard ciphertrace crypto security compliance manager

He said:

Our aim is to build upon the complementary capabilities of Mastercard and CipherTrace to do just this.

What the new product will do for the crypto sphere

The company provides services to blockchain companies to improve their cyber security and help spot fraudulent activities for programs that involve crypto assets. Among their clients are major banks, crypto exchanges, government regulators and financial institutions.

After acquiring CipherTrace, Mastercard will be able to blend its tech, artificial intelligence and cyber capabilities provided by both companies to differentiate its infrastructure for card payments and real-time payments.

The acquisition will enable the integration of different technologies like artificial intelligence (AI), blockchain, and cyber security for a safer crypto ecosystem.

Per the announcement: “The deal enables Mastercard to combine the technology, AI and cyber capabilities of both companies to differentiate its card and real-time payments infrastructure, allowing customers and stakeholders globally to build upon and benefit from the solutions to protect their consumers and comply with regulations, as they build their own virtual asset offerings.”

Mastercard continues to stamp its authority in the crypto space. For example, the payment giant launched a crypto program dubbed Start Path to support fast-growing cryptocurrency, digital assets, and blockchain companies in July this year.

Mastercard has acquired leading crypto compliance solution Ciphertrace to help bolster its ever-expanding presence in the cryptocurrency industry.

The deal will see both companies work together to build upon their existing product offerings to help businesses better identify and understand the risks involved in the crypto industry and to “deliver even more security, transparency, and trust to digital assets”.

Mastercard will leverage its existing technology and AI solutions to further develop its network infrastructure and to assist consumers better “manage their digital asset regulatory and compliance obligations”.

It follows a number of investments the company has made, including partnerships with Uphold, Gemini and BitPay to create crypto cards, the creation of new platforms to test and support Central Bank Digital Currencies, programs to support the broader use of blockchain technology and NFTs, and the potential to support select stablecoins directly on its network.

Terms of the agreement were not disclosed, and the transaction is anticipated to close before the end of the year, pending certain conditions.

About Mastercard

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible.

Mastercard family to scale CipherTrace’s reach across the globe.”

The deal enables Mastercard to combine the technology, AI and cyber capabilities of both companies to differentiate its card and real-time payments infrastructure, allowing customers and stakeholders globally to build upon and benefit from the solutions to protect their consumers and comply with regulations, as they build their own virtual asset offerings.

CipherTrace will also help drive continued innovation with a diverse range of partners, like fintechs, crypto-wallet providers, governments, etc., while also allowing the company to deliver on the principles it has established for all blockchain-related programs.

The acquisition is part of Mastercard’s strategy in the digital assets space to help provide customers, merchants and businesses with more choice in how they move digital value.

Our aim is to build upon the complementary capabilities of Mastercard and CipherTrace to do just this.”

Bringing Trust & Transparency to Digital Assets

CipherTrace’s innovative platform helps customers enhance their security and fraud monitoring activities for crypto-related programs. They provide solutions for some of the largest banks, exchanges, and other financial institutions in the world due to their industry leading data analytics and algorithms to help customers convert on their opportunities across 7,000+ cryptocurrency entities.

“We help companies – whether they are banks or cryptocurrency exchanges, government regulators or law enforcement to keep the crypto economy safe,” said Dave Jevans, CEO, CipherTrace.

“Our two companies share this vision to provide security and trust throughout the ecosystem.

Mastercard family to scale CipherTrace’s reach across the globe.”

The deal enables Mastercard to combine the technology, AI and cyber capabilities of both companies to differentiate its card and real-time payments infrastructure, allowing customers and stakeholders globally to build upon and benefit from the solutions to protect their consumers and comply with regulations, as they build their own virtual asset offerings.

CipherTrace will also help drive continued innovation with a diverse range of partners, like fintechs, crypto-wallet providers, governments, etc., while also allowing the company to deliver on the principles it has established for allblockchain-relatedprograms.

The acquisition is part of Mastercard’s strategy in the digital assets space to help provide customers, merchants and businesses with more choice in how they move digital value.

Payment giant Mastercard announced the acquisition of CipherTrace, a leading cryptocurrency intelligence company, to offer businesses powerful intelligence about the crypto economy as digital assets continue becoming more intertwined with daily activities.

In a statement, Mastercard revealed the expectation for crypto consumers to have peace of mind about their investments. As a result, the acquisition will help the card issuer offer crypto users significant security and fraud detection apparatus by highlighting the risks and regulatory obligations.

Ajay Bhalla, the president of cyber & intelligence at Mastercard, welcomed the move and said:

“With the rapid growth of the digital asset ecosystem comes the need to ensure it is trusted and safe.

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