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Mastercard to Phase Out Passwords by 2030 with Biometrics, Tokenisation

  • Mastercard plans to eliminate manual card entry and passwords for online checkout procedures by 2030.
  • They aim to achieve this through tokenisation and biometric authentication like fingerprints and facial recognition.
  • The system aims to address concerns about online fraud and improve the cumbersome checkout process.
  • Mastercard is collaborating with various stakeholders to achieve this goal.

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