Beginning in 2030, Mastercard will eliminate the need for Europeans to manually enter their card numbers during online checkout, regardless of the platform or device used.
The familiar 16-digit card number will be substituted with a randomly generated ‘token.’ This change will enable consumers to complete payments with a single click at the checkout page, authenticated by a thumbprint.
Mastercard reported that 100% tokenization across e-commerce sites will reduce fraud rates dramatically.
The way we pay for products and services online will feel very different in the coming years.