⚡️ Mastercard leads the payment revolution:
⚡️ Say goodbye to credit card numbers, tokenization technology + biometrics, create a new era of secure payment!
Mastercard's innovation plan: Cancel credit card numbers and adopt tokenization technology
💳 Innovation measures: Mastercard is brewing a revolution in the payment field and plans to cancel traditional credit card numbers.
🔒 Core technology: Switch to "authentication technology" (Tokenization, tokenization technology), replace sensitive data such as credit card numbers with randomly generated digital sequences (tokens) to reduce the risk of data leakage.
🛡️ Security upgrade: Mastercard CEO Miebach said that tokenization technology cannot parse out real information even if data is illegally accessed by hackers. In addition, the technology will also help companies comply with data protection regulations.
💻 Biometrics: In addition to tokenization technology, Mastercard also plans to replace traditional passwords with biometrics (such as fingerprints or facial scans) to further improve security.
💰 Fighting fraud: This measure is aimed at tackling the growing problem of online payment fraud, which is expected to exceed $91 billion by 2028.
🌍 Future outlook: Mastercard expects that by the end of this century, all e-commerce transactions in Europe will be replaced by "tokens".
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