Mastercard at the showdown: customers are preparing to say goodbye to all credit cards, the decision is now final.
Among the world-renowned financial services companies, Mastercard it certainly occupies a place in the foreground. The company, which has been active in the payments sector for years, has sided with the customer with the aim of improving their conversion experience when switching from cash to credit card.
Mastercard revolution: goodbye to credit cards, what happens now – gazzettinodelgolfo.it
However, with the advent and improvements made in the technological field, even the fateful physical credit card has seen a real crisis. Which is why all the companies active in this field have worked to be at the forefront and keep the number of customers high. At this time however, Mastercard makes a truly important change with a clear break with the past. The company says goodbye to the credit card. What will happen now? What will happen to all the customers?
Mastercard says goodbye to the physical card: the digital revolution
In a world that is moving forward and becoming increasingly tech-savvy, even companies that operate in close contact with people must update themselves and keep up with the times. Digitalisation is now permeated into the social fabric, we cannot deny it.
Mastercard increasingly moving towards digital: no more physical card, what changes – gazzettinodelgolfo.it
Today, the simple use of a smartphone, on which the ‘contactless payment’ function has been enabled, has made economic transactions more convenient and faster: just bring it closer to the payment terminal and complete the purchase. The continuous evolution of digital tools and payment methods available to the user have led the technology company towards a new horizon. Here’s the news from Mastercard.
The company has in fact introduced a new payment method which is based on the use of token casuali and the biometric technologyaimed at increasing security in online payments. By doing so, the former, through a unique code generated for each operation, will preserve the customer’s personal data, and no details will be shared during the payment phase. Biometric scanning, on the other hand, will now make the use of physical cards and pins to remember by heart superfluous. A pretentious step forward, since it takes into consideration the idea of completely abolishing the use of credit/debit cards, and which it is hoped will see full realization in 2030.
Great to hear! As we move towards this digital future, what measures are being put in place to ensure that older generations adapt to these changes in payment methods?
Guest 1: Hello, I am Susan Brown, a finance expert who has been following the evolution of payment methods for years. Today, it seems that everything is moving towards digitalization. Mastercard’s decision to completely abolish physical cards by 2030 is a bold one, but it’s certainly in line with the times. What do you think? Do you think this will be a successful step for Mastercard?
Guest 2: Hello Susan, I’m Anna Jones, a technology journalist who has been keeping an eye on the latest updates in the payments sector. I believe that Mastercard’s move is a strategic one. Consumers are increasingly turning to digital payments, and by focusing on digital methods like tokenization and biometric verification, they are not only improving security but also streamlining the payment process. It’s definitely a step in the right direction.
Guest 1: Absolutely. Mastercard’s introduction of tokenization and biometric technology is a game-changer. Can you explain how these new methods are going to change the way we pay for goods and services?
Guest 2: Sure, Anna. Tokenization is a process where a unique code is generated for each transaction, replacing the need for personal data to be shared during the payment phase. This means that even if a hacker manages to get hold of your payment details, they won’t be able to do anything with them as they are encrypted and valid for a single use only. As for biometric verification, it eliminates the need to remember PINs or use physical cards, making payments even faster and more secure.
Guest 1: Wow, that sounds really innovative. But what about people who aren’t as tech-savvy or comfortable with digital payments? Are they going to be left behind?
Guest 2: Not at all, Anna. Mastercard is working towards ensuring that everyone is included in this digital transformation. Along with providing options for contactless payments, they are also offering support and education to help people navigate the new payment methods. And let’s not forget that the move towards digital payments isn’t just about convenience, it’s also about security. Protecting users’ personal data from potential threats is a top priority.
Guest 1: That’s
