NEW YORK – MasterCard announced earlier this week that it is partnering with mobile technology company Syniverse in an effort to prevent unauthorized purchases made with stolen credit cards, CNET reports.

The plan involves users’ smartphone geolocation information, preventing a credit card transaction from being authorized unless it is within close range of the user’s cell phone.

For instance, if someone is traveling in Mexico but their card is swiped in Canada, the transaction will be declined. MasterCard will offer travelers prepaid data packages to ensure their smartphone’s GPS is turned on while traveling, without incurring expensive roaming fees.

"This collaboration of two global technology leaders opens up a whole new range of possibilities for end users, ensuring a seamless payment and mobile experience," said MasterCard president of Global Strategic Alliances Hany Fam. "By leveraging the speed and intelligence of our global network and combining it with geolocation solutions, we are enabling your MasterCard to uniquely work where you and your phone are, anywhere in the world."

Currently, MasterCard and Syniverse's smartphone security plan is still in a pilot-phase. When it rolls out, it will be an opt-in service for users.