Biometric Update – Mastercard says biometrics, tokenization only for online checkout by 2030

Mastercard has set its sights on transforming the online shopping experience by 2030, envisioning a checkout process where passwords and physical card numbers are no longer required. The company aims to replace traditional authentication methods with on-device biometrics for users to authenticate purchases across devices without exposing personal data online. Mastercard plans to phase out manual card entry and static passwords by 2030, using a combination of tokenization – introduced a decade ago to safeguard sensitive payment information – and biometric authentication to enable secure checkouts. Tokenization, first rolled out a decade ago to protect sensitive payment data, now plays a key role in the company’s goal to improve security and convenience in e-commerce. The…

External feed Read More at the Source: https://www.biometricupdate.com/202411/mastercard-says-biometrics-tokenization-only-for-online-checkout-by-2030