MasterCard, Visa, and Discover Each Invest in Authentication Specialist

Visa, MasterCard, and Discover Financial Services were among the companies that participated in a $30 million round of fund raising for Toronto-based SecureKey Technologies, an authentication services provider founded in 2008.

“SecureKey allows consumers and businesses to use real-world payment and identity credentials with their computers and mobile phones to enhance online security and payments in a simple and convenient manner,” explained SecureKey CEO Greg Wolfond in a prepared statement. “Our collaboration efforts are an important part of being able to expand into a wide variety of devices, applications, and markets.”

SecureKey will use the funding to accelerate the launch of its online and mobile authentication services, the statement says.