Mastercard plans to eliminate credit card numbers and use tokenization technology to reduce the risk of information leakage

Mastercard is planning to cancel traditional credit card numbers and adopt authentication technology (Tokenization) to combat online fraud. The technology replaces sensitive data such as credit card numbers with randomly generated digital sequences (tokens) to reduce the risk of data leakage. Mastercard CEO Miebach said the company will expand the use of the technology and replace traditional passwords with biometric identification (such as fingerprints or facial scans). This measure is in response to the growing problem of online payment fraud, which is expected to exceed US$91 billion by 2028. (Lianhe Zaobao)