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…
Nov 152024
2024-11-15
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