Visa and Mastercard are planning significant changes in the payment industry. Visa's global head of consumer payments envisions a future where plastic credit cards are obsolete, and the standard 16-digit account number becomes worthless. Meanwhile, Mastercard aims to phase out manual card entry for online payments in Europe by 2030, committing to 100% e-commerce tokenization.
MASTERCARD INC - MASTERCARD REIMAGINES ONLINE CHECKOUT; COMMITS TO REACHING 100% E-COMMERCE TOKENIZATION BY 2030 IN EUROPE
MASTERCARD TO PHASE OUT MANUAL CARD ENTRY FOR ONLINE PAYMENTS IN EUROPE 🇪🇺 BY 2030 Mastercard $MA will announce by 2030 all cards it issues on its network in Europe will be tokenized meaning your credit card number will be replaced with a randomly-generated “token.” - CNBC https://t.co/cdzvj7uHtI
Mastercard to phase out manual card entry for online payments in Europe by 2030 https://t.co/v6ZC1AWFxm
Mastercard to phase out manual card entry for online payments in Europe by 2030 https://t.co/t7XdqCwArK
Visa, the world's largest payment processor, has some big changes planned in the U.S. and elsewhere around the world over the coming year. https://t.co/LJ5K8keoiC
Visa’s global head of consumer payments sees a world where plastic cards in your wallet becomes obsolete and the standard 16-digit account number becomes worthless. https://t.co/hBihhubUKN
How a top Visa executive wants to make your plastic credit card obsolete https://t.co/Zoi5xxvGGa