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Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

This shift is especially visible in the adoption of network tokenisationa model introduced by major card networks like Visa and Mastercard, where card details are replaced with dynamic, network-managed tokens. In embedded ecosystems, payments are increasingly abstracted from the user.

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Singapore Reports S$1.2 Million in Losses from Phishing Scams Targeting Mobile Wallets

Fintech News

This allows scammers to fraudulently provision stolen card credentials onto their mobile wallets for unauthorised contactless transactions. Authorities are working with banks, mobile wallet providers (Apple Pay, Google Pay, Samsung Pay), and card service providers (Visa, Mastercard) to tighten security measures.

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Mastercard Goes OTP-Free in APAC for Faster, Safer Online Transactions

Fintech Finance

As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day.

Visa 98
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Mastercard Replaces OTPs with Biometrics for Secure Online Checkouts in APAC

Fintech News

Payment giant Mastercard is accelerating and securing online transactions in Asia Pacific by eliminating the need for one-time passwords (OTPs) with its enhanced Mastercard Payment Passkey service. To use this service, consumers simply enroll their Mastercard once.

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Mastercard Collaborates With Tap Payments on First Global Launch of ‘Click to Pay’ With Payment Passkey Service for Ecommerce

Fintech Finance

Mastercard has partnered with Tap Payments, one of the leading payment institutions and technology providers in the Middle East and North Africa, to introduce a global-first Click to Pay with Payment Passkey service for secure ecommerce transactions.

Visa 98
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Mastercard Selects India for the Global Launch of Its Payment Passkey Service, Accelerating Secure Online Checkout for Millions of Shoppers

Fintech Finance

During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. With payment passkeys, consumers can say goodbye to the hassle of forgetting or accidentally sharing their passwords or OTPs.

Visa 105
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Dubai First takes the lead as the first issuer in the region to leverage Mastercard Token Connect services

Fintech Finance

Dubai First , the consumer services platform under First Abu Dhabi Bank (FAB), has become the first issuer in the region to leverage Mastercard Token Connect to push customers’ tokenized card details from its mobile app to Click to Pay and digital wallets.

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