Mastercard to Phase Out Manual Card Entry in Europe by 2030, Achieve 100% E-Commerce Tokenization

Jun 11, 2024, 11:32 AM

Mastercard Inc. has announced plans to phase out manual card entry for online payments in Europe by 2030. The company aims to achieve 100% e-commerce tokenization, replacing traditional credit card numbers with randomly-generated tokens. This initiative will cover all cards on its network and is designed to enhance security and streamline the online checkout process, ultimately allowing for one-click payments.