Mastercard aims to phase out 16-digit numbers on cards in Australia by 2030, using biometrics and tokens instead.

Mastercard plans to remove 16-digit numbers from credit and debit cards in Australia by 2030, replacing them with tokenization and biometric authentication to reduce fraud and data breaches. The first bank will launch numberless cards this week, with others following over the next year. This initiative was announced during a meeting with bank and merchant partners in Melbourne.

2 months ago
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