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Mastercard to roll out passkey with biometric upgrade
Mastercard has upgraded its payment passkey service to include on-device biometric authentication.
This feature uses facial recognition or fingerprints for security.
The payment passkey service allows customers to make purchases online without needing an account or stored card information.
This is particularly useful for one-time or “guest” checkouts. The service aims to lower cart abandonment rates and maintain fraud protection.
Mastercard first introduced this service in India and plans for a global rollout.
Recent Mastercard developments
| Timeline |
|---|
23-Nov-2023 🔒 Mastercard, NTU launch cybersecurity program for professionals
|
09-May-2023 📊 Mastercard opens Malaysia data hub for Asia-Pacific clients
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17-Apr-2023 💳 Mastercard-backed fintech firm DigiAsia on track for US listing at $500m valuation
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03-Nov-2022 🚀 Mastercard announces new batch of Web3 engagement program
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| 08-Nov-2021 💳 Mastercard launches crypto payment cards in Asia Pacific |
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