Ethoca says its network connects roughly 5,000 merchants with 4,000 financial institutions.
Ajay Bhalla, Mastercard’s president of cyber and intelligence solutions, says Ethoca is a “strong addition” to its cyber strategy and the payments company plans to further scale the fintech’s capabilities. Mastercard has made several security-focused acquisitions in recent years, including a deal to acquire Vancouver-based fintech NuData Security announced in March 2017.