Mastercard is Implementing a Change to its Payment System that will Impact Millions of Consumers.
Mastercard recently announced plans to replace the 16 to 19 digit card numbers with a unique “token” number to accelerate online payments. This “tokenization” process will be utilized for mobile transactions, app purchases, and online shopping, aiming to cover 100% of e-commerce transactions in Europe by 2030. Originally introduced by Mastercard in 2014, tokenization now … Read more