Mastercard has launched advanced payment passkeys across Europe as part of its initiative to enhance online transaction security and replace traditional passwords. The company reports that its tokenization and passkey implementation has achieved nearly 50 percent adoption in European e-commerce transactions, building on its successful passkey deployment in Latin America earlier this year.

The payment technology company’s new security measures arrive at a critical time, as data shows that one in four business owners in Europe face targeting by scammers. A quarter of these businesses express concern about their ability to recover from potential cyber attacks. The expansion follows the broader industry trend toward passwordless authentication, with the FIDO Alliance reporting significant growth in enterprise passkey adoption.


More

Gov Info Security: UK Government to Roll Out Passkeys Late This Year

FIDO-Based Authentication to Replace SMS-Based Verification, Says UK NCSC The U.K. government is set to…

Read More →

NCSC: UK pioneering global move away from passwords

The UK government is set to roll out passkey technology for its digital services later…

Read More →

ID Tech Wire: FIDO Alliance Launches Payment Authentication Working Group

The FIDO Alliance announced today the launch of a new Payments Working Group (PWG) focused on developing and implementing…

Read More →