Mastercard intends to do away with the 16-digit number on their credit and debit cards and replace them with on-device biometrics and tokenization as part of a plan to quash identity theft and fraud. In Australia the initial rollout of these new numberless cards will be via a partnership with AMP Bank, but other banks are expected to follow over the next 12 months. Mastercard recently committed to phasing out manual card entry and static passwords by 2030 in favor of tokenization and biometrics, and to replace traditional authentication methods with on-device biometrics for users to authenticate purchases without exposing personal data online.
https://www.biometricupdate.com/202502/biometrics-tokenization-to-replace-credit-card-numbers-by-2030
https://www.biometricupdate.com/202502/biometrics-tokenization-to-replace-credit-card-numbers-by-2030
Mastercard intends to do away with the 16-digit number on their credit and debit cards and replace them with on-device biometrics and tokenization as part of a plan to quash identity theft and fraud. In Australia the initial rollout of these new numberless cards will be via a partnership with AMP Bank, but other banks are expected to follow over the next 12 months. Mastercard recently committed to phasing out manual card entry and static passwords by 2030 in favor of tokenization and biometrics, and to replace traditional authentication methods with on-device biometrics for users to authenticate purchases without exposing personal data online.
https://www.biometricupdate.com/202502/biometrics-tokenization-to-replace-credit-card-numbers-by-2030
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