Intel and credit card giant MasterCard are announcing a multi-year strategic partnership this evening, which aims to provide a more secure and simple way for consumers to pay for products online.

The two companies will be working to combine MasterCard’s expertise in payment processing and commerce with Intel’s strengths in chip-based security. So how are these two companies joining forces? Details are still being disclosed, but MasterCard and Intel are working on providing a safer and simpler checkout process for online merchants and consumers using Intel’s Ultrabook devices and future generations of Intel-based PCs.