Mastercard plans to replace manual card entry with tokens and biometric authentication for online payments in Europe by 2030.
Mastercard plans to phase out manual card entry for online payments in Europe by 2030, replacing it with a randomly generated "token." Instead of using the traditional 16-digit card number, consumers will be able to make one-click payments at checkout using biometric authentication, like a thumbprint. The company is working with banks, fintechs, merchants, and other partners to facilitate this change.
June 11, 2024
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