Mastercard has launched its Payment Passkey Service globally, aiming to enhance online shopping security and convenience by utilizing passkeys and tokenization to protect financial data and reduce fraud. The service, initially piloted in India, is expected to expand to more consumers and financial institutions worldwide in the coming months.
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Visa announced innovative products and services at its annual Visa Payments Forum, addressing the evolving payment landscape and addressing the future needs of consumers, businesses, and financial institutions. New card features and digital innovations include: Visa Flexible Credential, Tap to Everything, Visa Payment Passkey Service, Click to Pay + Visa Payment Passkey Service, Pay by Bank, Visa Protect for A2A Payments, and Data Tokens.
The Payment Card Industry Data Security Standard (PCI DSS) 4.0 has recently gone into effect, bringing significant changes to the cybersecurity landscape. This updated standard emphasizes security as an ongoing process, introduces greater flexibility, and enhances validation methods. To ensure a smooth transition, organizations should focus on understanding the core principles behind PCI DSS 4.0 and leveraging available resources and support.