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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
  • Mastercard and NTU launch FlexiMasters program
  • Focus on cybersecurity for mid-career professionals
09-May-2023 📊 Mastercard opens Malaysia data hub for Asia-Pacific clients
  • Mastercard launches D&S hub in Malaysia.
  • Focus on data-driven decisions for clients in APAC.
17-Apr-2023 💳 Mastercard-backed fintech firm DigiAsia on track for US listing at $500m valuation
  • DigiAsia plans US SPAC merger, raises $200M.
  • Company aims to expand in SE Asia, boost fintech services.
03-Nov-2022 🚀 Mastercard announces new batch of Web3 engagement program
  • Seven crypto startups join Mastercard’s program.
  • Start Path Crypto supports blockchain innovation globally.
08-Nov-2021 💳 Mastercard launches crypto payment cards in Asia Pacific

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