Arthur Bedel 💳 ♻️’s Post

Processor 🆚 Network Tokens 𝐓𝐡𝐞 𝐢𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐓𝐨𝐤𝐞𝐧𝐬 𝐢𝐧 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬: 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐓𝐨𝐤𝐞𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 (𝐍𝐓) is an industry standard published by EMVCo. First introduced with the launch of ApplePay and the payment networks, NT is gaining traction in the Card-on-file and wallet markets 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐨𝐫 𝐯𝐬 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐓𝐨𝐤𝐞𝐧𝐬: ▶ Processor Tokenization is a proprietary service offered by PSPs, Acquirers, and Processors to minimize a merchant’s PCI scope. The generated token, a replacement for a Personal Account Number (PAN), is restricted to the merchant and PSP limiting its value in the event of a data breach ▶ Network Tokenization goes further by generating tokens in cooperation with the Card Issuer and Card Network (i.e. Visa & Mastercard) to offer additional benefits to the merchant and protect the PAN throughout the value chain 𝐓𝐡𝐞 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐓𝐨𝐤𝐞𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐌𝐞𝐫𝐜𝐡𝐚𝐧𝐭𝐬: 🔸 𝐂𝐨𝐬𝐭 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - Merchants can optimize costs with Visa’s pricing changes. Security and compliance costs can be reduced since NT reduces the scope of PCI DSS. 🔸 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐅𝐫𝐚𝐮𝐝 - Implementing NT offers a higher level of security for CNP transactions. The impact of any potential data breach is greatly reduced since the data is useless when stolen (i.e. 26% decline in Fraud rates). 🔸 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐚𝐭𝐞𝐬 - NT involves card issuers, unlike processor tokenization. NT can be limited in scope and offer additional payment details (i.e. 2.1% increase). 🔸 𝐁𝐞𝐭𝐭𝐞𝐫 𝐂𝐗 - Card issuers can update NT in real-time replacing the need for card members to update the information periodically (i.e. 35% of cardholders stop shopping after one decline). 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐓𝐨𝐤𝐞𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 — 𝐚𝐧 𝐎𝐦𝐧𝐢𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲: 👉 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 - Token information is captured by the merchant and shared with the Token Service Provider (i.e. VGS) and Card Issuer to validate the token and authenticate the transaction. Card Issuer then shares PAR along with the token to complete the transaction. 👉 𝐈𝐧-𝐀𝐩𝐩 - Token information is shared from the digital wallet with the token service provider and card issuer to validate and authenticate the requests. Card Issuers authorize the transaction and share customer PAR information back to the merchant PSP along with the token. 👉 𝐈𝐧-𝐒𝐭𝐨𝐫𝐞 𝐂𝐚𝐫𝐝𝐬 - The Payment Terminal captures the card data and shares it with the card issuer to authorize the transaction. Card issuers authorize transactions and share with merchants the response and PAR while the processor provides the Processor Token. Source: Deloitte — “Network Tokenization for Merchants” edited by Arthur Bedel 💳 ♻️ ( 👈 Follow this guy) Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

Fundamentally, authentication and tokenisation play crucial roles in enhancing payments security. Yet, equally significant is their distinct responsibility in shifting the accountability for fraudulent card transactions between parties in the payment ecosystem, a process known as 𝐥𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐬𝐡𝐢𝐟𝐭. While #authentication ensures the verification of users engaged in transactions, #tokenisation substitutes sensitive data with unique tokens, thereby reducing the likelihood of data breaches. According to Juniper Research, global merchant losses from online payment fraud are projected to surpass $362 billion from 2023 to 2028. Concurrently, the ecommerce market is forecasted to reach $7.95 trillion by 2027. This growth presents fraudsters with an expanded landscape to exploit, capitalising on potential vulnerabilities in the payment process. For a long time, merchants suffered heavy losses due to card payment fraud. Fortunately, today, there are many advanced anti-fraud technologies available, and programs that encourage the adoption of robust security measures. Since the mid-2010s, the responsibility for covering losses from fraudulent transactions has shifted from merchants to issuers with the introduction of the EMV standard around chip cards and also when transactions are authenticated using 3D Secure protocols. Additionally, card network like Visa have introduced a program known as the digital authentication framework to enhance security in markets where 3DS is not widely used. DAF adds an extra layer of security and authentication while ensuring frictionless transactions for the users. The specifics of the liability shift differ depending on the transaction channel and the security protocols adopted by both merchants and card issuers. #didyouknow 💡 ◼️Not all transactions get liability shift, certain MCC codes are excluded e.g. 6051 - FX, Crypto 7995 - Betting ... ◼️Even if a transaction initially qualifies for liability shift, ultimately, the network has the authority to downgrade the liability shift status based on certain factors and security protocols. ◼️Likewise, issuers also have the right to decline a transaction auth (outside of the 3DS scope). #paymentsexperts, any perspectives to add🎤? --- 𝑳𝒊𝒌𝒆 𝒕𝒉𝒊𝒔 𝒄𝒐𝒏𝒕𝒆𝒏𝒕? 𝑯𝒐𝒘 𝒄𝒂𝒏 𝑷𝒂𝒚𝒑𝒓.𝒘𝒐𝒓𝒌 𝒉𝒆𝒍𝒑? 𝘞𝘦 𝘢𝘳𝘦 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵𝘴 𝘤𝘰𝘯𝘯𝘦𝘤𝘵𝘪𝘯𝘨 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴 𝘵𝘰 𝘳𝘦𝘭𝘪𝘢𝘣𝘭𝘦 𝘍𝘪𝘯𝘵𝘦𝘤𝘩 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘴. 𝘉𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘱𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘬𝘯𝘰𝘸𝘭𝘦𝘥𝘨𝘦 𝘸𝘪𝘵𝘩 𝘰𝘶𝘳 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦 𝘧𝘭𝘢𝘪𝘳, 𝘸𝘦 𝘥𝘦𝘷𝘦𝘭𝘰𝘱 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘤 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘢𝘯𝘥 𝘵𝘩𝘰𝘶𝘨𝘩𝘵 𝘭𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘢𝘴𝘴𝘦𝘵𝘴 𝘧𝘰𝘳 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘭𝘦𝘢𝘥𝘦𝘳𝘴. 𝘞𝘦 𝘢𝘭𝘴𝘰 𝘥𝘦𝘭𝘪𝘷𝘦𝘳 𝘱𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘵𝘳𝘢𝘪𝘯𝘪𝘯𝘨 𝘪𝘯 𝘰𝘶𝘳 𝘢𝘶𝘵𝘩𝘦𝘯𝘵𝘪𝘤, 𝘷𝘪𝘴𝘶𝘢𝘭𝘭𝘺 𝘦𝘯𝘨𝘢𝘨𝘪𝘯𝘨 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩. ✅ Follow Paypr.work [ˈpeɪpəwəːk] ✅ Let's collab 📧intro@paypr.work ✅ Visit: https://paypr.work

🔒 Understanding 3D Secure: Enhancing Online Payment Security 💳 Let's talk about 3D Secure (3DS), the protocol that's adding an extra layer of protection to your online payments. Here's everything you need to know about 3DS! 👇 What is 3D Secure? 3DS stands for "Three-Domain Secure." It involves three domains: Issuer Domain, Acquirer Domain, and Interoperability Domain. 3DS requires cardholders to authenticate themselves during online transactions via passwords, SMS codes, or biometric verification. This protocol shifts the liability for fraudulent chargebacks from the merchant to the card issuer, reducing the merchant's risk. Essentially, 3DS is an authentication method that aims to balance security and user convenience, especially with advancements in 3D Secure 2.0. The Three Domains 1. Issuer Domain 🏦 The bank that issued your card. Card Issuance: Manages your card. Authentication: Verifies you during transactions. Risk Management: Prevents fraud with advanced security measures. 2. Acquirer Domain 💼 The bank that processes payments for the merchant. Merchant Services: Allows merchants to accept payments. Transaction Authorization: Processes and forwards transaction requests. Fund Settlement: Transfers funds to the merchant's account. 3. Interoperability Domain 🌐 Managed by payment schemes (Visa, MasterCard, etc.). Payment Network: Connects issuers and acquirers. Protocol Standards: Maintains secure transaction standards. Security Measures: Ensures data integrity and confidentiality. How 3D Secure Works Customer Initiates Payment 💸 Payment Gateway 🔗 3D Secure Request 🔐 Redirection to Issuer ⬅️ Authentication Challenge 🔍 Customer Authentication ✅ Authentication Response 📩 Transaction Completion 🛒 Notification 📢   #Ecommerce #CyberSecurity #OnlinePayments #3DSecure #Fintech

Here is how Network Tokenization works for Card Not Present Transactions👇 First; What is network tokenization? Tokenization is the process of replacing the value of sensitive payment details with unique identifiers (tokens). These values can't be decrypted since they're not encrypted to begin with. Service providers generate and store tokens to secure card data, but the only point of card info insulation is during the hand-off from merchant to service provider & vice versa. Card networks take it a step and insulate that card data through most of the payment process, all while further bolstering layers of security. Rather than tokens being issued through the service provider, network tokens are issued through the card network (i.e. Visa, Mastercard, AmEx). After a token has been issued, every subsequent transaction by that customer will use the same network token across the entire payment ecosystem. The only point where actual PAN data is exchanged is between the card network and the issuer. ► Here's what the process for provisioning network tokens looks like: Initialization: Customer enters card details (PAN, CVV, expiration date) Requesting Token: The merchant sends card details to service provider (token requestor), who then sends those details to card network Token Generation: Card network sends request to issuer, who then validates & sends back to card network. Token is generated for that customer, with that PAN, at that merchant, then sent back to service provider. Storing Token: Service provider shares the network token with the merchant (if they are the token requestor) for future transactions by that customer, or stores it themselves After the token has been provisioned, all future transactions by that customer will use that specific token. ► Benefits other than "more layers of security"? Involuntary Churn: For subscription-based merchants, network tokens are persistent. This means that merchants will always have an active card on file even if the customer replaces the card, reducing churn. Cost Reduction: Card networks are likely to reduce interchange costs per transaction for card-not-present transactions that use network tokens. Liability shifts from the merchant to the issuer, so incentivization of use is the natural next step. Fraud Reduction: Network tokens significantly reduce fraud by insulating the card details at every step of the transaction (aside from card network & issuer hand-offs) AND adding a cryptogram for that particular transaction. The merchant doesn't have to handle a customer's sensitive data. Network tokenization is a big deal to merchants that want to increase auth rates, reduce churn, or simply insulate payment security points of failure. Source: ACI Worldwide’s All Starr Ali Ahmed (I highly recommend following Ali for more great updates like this one👌) #fintech #tokenization #payments #digitalpayments #paytech #financialtechnology #fintechindustry 

Network Tokenization is an evolution in payment card data protection and transactional services for remote commerce and wallet-based transactions 👇 Network Tokenization (NT) is an industry standard published by EMVCo. First introduced with the launch of ApplePay and the payment networks, NT is gaining traction in the Card on File and wallet markets. Processor vs Network Tokens: 🔸Processor Tokenization is a proprietary service offered by PSPs (i.e. Nuvei), Acquirers (i.e. Chase) and Processors (i.e. Stripe) to minimize a merchant’s PCI scope. The generated token, which is a replacement for a Personal Account Number (#PAN), is restricted to the merchant and PSP limiting its value in the event of a data breach. 🔸Network Tokenization goes further by generating tokens in cooperation with the Card Issuer and Card Network (i.e. Visa & Mastercard) to offer additional benefits to the merchant and protect the PAN throughout the value chain. This new Tokenization process has some serious benefits for merchants: 🔸Cost Optimzation - Merchants can optimize costs with Visa’s pricing changes. Security and compliance costs can be reduced since NT reduces the scope of PCI DSS. 🔸Reduced Fraud - Implementing NT offers a higher level of security for CNP transactions. The impact of any potential data breach is greatly reduced since the data is useless when stolen (i.e. 26% decline in overall Fraud rates). 🔸Improved Authorization Rates - NT involves card issuers unlike processor tokenization. Network tokens can be limited in scope and offer additional detail about the payment (i.e. 2.1% increase). 🔸Better Customer Experience - Card issuers can update network tokens in real time replacing the need for card members to update the information periodically (i.e. 35% of cardholders stop shopping after one decline). Network Tokenization can be incorporated across all channels with a few minor tweaks 👇 👉 Website - Token information is captured by the merchant and shared with the Token Service Provider and Card Issuer to validate the token and authenticate the transaction. Card Issuer then shares PAR along with the token to complete the transaction. 👉 In-App - Token information is shared from the digital wallet with the token service provider and card issuer to validate and authenticate the requests. Card Issuers authorize the transaction and share customer PAR information back to the merchant PSP along with the token. 👉 In-Store Cards - The Payment Terminal captures the card data and shares it with the card issuer to authorize the transaction. Card issuers authorize transactions and share with merchants the response and PAR while the processor provides the Processor Token. Source: Deloitte and their report “Network Tokenization for Merchants” —— ✍️ Sign up to The Payments Brews ☕️: https://lnkd.in/g5cDhnjC ✍️ Follow Connecting the dots in payments... & Marcel van Oost #tokens #payments #globalpayments #cardnetwork #technology

good insights on NT

Network Tokenization is an evolution in payment card data protection and transactional services for remote commerce and wallet-based transactions 👇 Network Tokenization (NT) is an industry standard published by EMVCo. First introduced with the launch of ApplePay and the payment networks, NT is gaining traction in the Card on File and wallet markets. Processor vs Network Tokens: 🔸Processor Tokenization is a proprietary service offered by PSPs (i.e. Nuvei), Acquirers (i.e. Chase) and Processors (i.e. Stripe) to minimize a merchant’s PCI scope. The generated token, which is a replacement for a Personal Account Number (#PAN), is restricted to the merchant and PSP limiting its value in the event of a data breach. 🔸Network Tokenization goes further by generating tokens in cooperation with the Card Issuer and Card Network (i.e. Visa & Mastercard) to offer additional benefits to the merchant and protect the PAN throughout the value chain. This new Tokenization process has some serious benefits for merchants: 🔸Cost Optimzation - Merchants can optimize costs with Visa’s pricing changes. Security and compliance costs can be reduced since NT reduces the scope of PCI DSS. 🔸Reduced Fraud - Implementing NT offers a higher level of security for CNP transactions. The impact of any potential data breach is greatly reduced since the data is useless when stolen (i.e. 26% decline in overall Fraud rates). 🔸Improved Authorization Rates - NT involves card issuers unlike processor tokenization. Network tokens can be limited in scope and offer additional detail about the payment (i.e. 2.1% increase). 🔸Better Customer Experience - Card issuers can update network tokens in real time replacing the need for card members to update the information periodically (i.e. 35% of cardholders stop shopping after one decline). Network Tokenization can be incorporated across all channels with a few minor tweaks 👇 👉 Website - Token information is captured by the merchant and shared with the Token Service Provider and Card Issuer to validate the token and authenticate the transaction. Card Issuer then shares PAR along with the token to complete the transaction. 👉 In-App - Token information is shared from the digital wallet with the token service provider and card issuer to validate and authenticate the requests. Card Issuers authorize the transaction and share customer PAR information back to the merchant PSP along with the token. 👉 In-Store Cards - The Payment Terminal captures the card data and shares it with the card issuer to authorize the transaction. Card issuers authorize transactions and share with merchants the response and PAR while the processor provides the Processor Token. Source: Deloitte and their report “Network Tokenization for Merchants” —— ✍️ Sign up to The Payments Brews ☕️: https://lnkd.in/g5cDhnjC ✍️ Follow Connecting the dots in payments... & Marcel van Oost #tokens #payments #globalpayments #cardnetwork #technology

Network Tokenization is an evolution in payment card data protection and transactional services for remote commerce and wallet-based transactions 👇 Network Tokenization (NT) is an industry standard published by EMVCo. First introduced with the launch of ApplePay and the payment networks, NT is gaining traction in the Card on File and wallet markets. Processor vs Network Tokens: 🔸Processor Tokenization is a proprietary service offered by PSPs (i.e. Nuvei), Acquirers (i.e. Chase) and Processors (i.e. Stripe) to minimize a merchant’s PCI scope. The generated token, which is a replacement for a Personal Account Number (#PAN), is restricted to the merchant and PSP limiting its value in the event of a data breach. 🔸Network Tokenization goes further by generating tokens in cooperation with the Card Issuer and Card Network (i.e. Visa & Mastercard) to offer additional benefits to the merchant and protect the PAN throughout the value chain. This new Tokenization process has some serious benefits for merchants: 🔸Cost Optimzation - Merchants can optimize costs with Visa’s pricing changes. Security and compliance costs can be reduced since NT reduces the scope of PCI DSS. 🔸Reduced Fraud - Implementing NT offers a higher level of security for CNP transactions. The impact of any potential data breach is greatly reduced since the data is useless when stolen (i.e. 26% decline in overall Fraud rates). 🔸Improved Authorization Rates - NT involves card issuers unlike processor tokenization. Network tokens can be limited in scope and offer additional detail about the payment (i.e. 2.1% increase). 🔸Better Customer Experience - Card issuers can update network tokens in real time replacing the need for card members to update the information periodically (i.e. 35% of cardholders stop shopping after one decline). Network Tokenization can be incorporated across all channels with a few minor tweaks 👇 👉 Website - Token information is captured by the merchant and shared with the Token Service Provider and Card Issuer to validate the token and authenticate the transaction. Card Issuer then shares PAR along with the token to complete the transaction. 👉 In-App - Token information is shared from the digital wallet with the token service provider and card issuer to validate and authenticate the requests. Card Issuers authorize the transaction and share customer PAR information back to the merchant PSP along with the token. 👉 In-Store Cards - The Payment Terminal captures the card data and shares it with the card issuer to authorize the transaction. Card issuers authorize transactions and share with merchants the response and PAR while the processor provides the Processor Token. Source: Deloitte and their report “Network Tokenization for Merchants” —— ✍️ Sign up to The Payments Brews ☕️: https://lnkd.in/g5cDhnjC ✍️ Follow Connecting the dots in payments... & Marcel van Oost #tokens #payments #globalpayments #cardnetwork #technology

Network Tokenization is an evolution in payment card data protection and transactional services for remote commerce and wallet-based transactions 👇 Network Tokenization (NT) is an industry standard published by EMVCo. First introduced with the launch of ApplePay and the payment networks, NT is gaining traction in the Card on File and wallet markets. Processor vs Network Tokens: 🔸Processor Tokenization is a proprietary service offered by PSPs (i.e. Nuvei), Acquirers (i.e. Chase) and Processors (i.e. Stripe) to minimize a merchant’s PCI scope. The generated token, which is a replacement for a Personal Account Number (#PAN), is restricted to the merchant and PSP limiting its value in the event of a data breach. 🔸Network Tokenization goes further by generating tokens in cooperation with the Card Issuer and Card Network (i.e. Visa & Mastercard) to offer additional benefits to the merchant and protect the PAN throughout the value chain. This new Tokenization process has some serious benefits for merchants: 🔸Cost Optimzation - Merchants can optimize costs with Visa’s pricing changes. Security and compliance costs can be reduced since NT reduces the scope of PCI DSS. 🔸Reduced Fraud - Implementing NT offers a higher level of security for CNP transactions. The impact of any potential data breach is greatly reduced since the data is useless when stolen (i.e. 26% decline in overall Fraud rates). 🔸Improved Authorization Rates - NT involves card issuers unlike processor tokenization. Network tokens can be limited in scope and offer additional detail about the payment (i.e. 2.1% increase). 🔸Better Customer Experience - Card issuers can update network tokens in real time replacing the need for card members to update the information periodically (i.e. 35% of cardholders stop shopping after one decline). Network Tokenization can be incorporated across all channels with a few minor tweaks 👇 👉 Website - Token information is captured by the merchant and shared with the Token Service Provider and Card Issuer to validate the token and authenticate the transaction. Card Issuer then shares PAR along with the token to complete the transaction. 👉 In-App - Token information is shared from the digital wallet with the token service provider and card issuer to validate and authenticate the requests. Card Issuers authorize the transaction and share customer PAR information back to the merchant PSP along with the token. 👉 In-Store Cards - The Payment Terminal captures the card data and shares it with the card issuer to authorize the transaction. Card issuers authorize transactions and share with merchants the response and PAR while the processor provides the Processor Token. Source: Deloitte and their report “Network Tokenization for Merchants” —— ✍️ Sign up to The Payments Brews ☕️: https://lnkd.in/g5cDhnjC ✍️ Follow Connecting the dots in payments... & Marcel van Oost #tokens #payments #globalpayments #cardnetwork #technology

Cards are not just going numberless, they are CVV-less and magstripe-less. This shift, primary driven by the evolution of digital payments and the need for enhanced security is not only reshaping the anatomy of a card but also evolving the overall transaction experience. First there was the contactless revolution, with most of us getting accustomed to the #tapandgo experience. Now it is all about the contactless online evolution #clickandgo, which redefines how we interact with payment technology... namely fast and seamlessly... For decades, bank cards followed a largely uniform design, typically featuring the account holder's name, the card number, expiration dates, and security codes. Numbers were physically embossed on the card to allow them to be read by a pretty rudimental device that served the practical purpose of making a physical impression of the card details. Then the introduction of magnetic stripes brought advancements to the card functionality, but also introduced new set of security challenges (i.e. skimming, cloning). It is because of these vulnerabilities that the EMVCo chip was introduced onto the card, leveraging dynamic data and encryption to enhance security and reduce the risk of fraudulent activities. Next, the NFC application to contactless transactions added a new level of convenience onto the equation... although these evolutions primarily addressed the offline channels. In parallel, in the online and ecom environments, the adoption of new tech such as tokenisation, biometric authentication and advanced fraud detection systems have been instrumental to improve security. Today, what is particularly interesting is to see how the application of these and other technologies continues to push the payment experience and fraud mitigation efforts forward. The past 2 months have seen quite a lot of ground-breaking developments in the industry. Mastercard’s recent announcement to phase out manual card entry for ecommerce transactions in Europe by 2030, in favour of #clicktopay represents a strategic move to mirror the online contactless transaction experience emulated by other wallets. This development closely followed Visa's announcement of its pioneering application of passkeys to enhance the CTP experience, leveraging biometrics for password entry. A lot is happening and its great that as consumers we get a first-hand opportunity to experience these advancements. That's what makes the payment industry quite unique and exciting. 👉🏽#Paymentexperts, any perspectives to share🎤? --- 𝑾𝒐𝒏𝒅𝒆𝒓 𝒘𝒉𝒐 𝒘𝒆 𝒂𝒓𝒆? 𝘞𝘦 𝘢𝘳𝘦 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵𝘴 𝘣𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘦𝘹𝘱𝘦𝘳𝘵𝘪𝘴𝘦 𝘸𝘪𝘵𝘩 𝘢 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘵𝘰 𝘢𝘴𝘴𝘪𝘴𝘵 𝘰𝘶𝘳 𝘤𝘭𝘪𝘦𝘯𝘵𝘴, 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘳𝘦𝘴𝘦𝘢𝘳𝘤𝘩, 𝘢𝘯𝘥 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 & 𝘢𝘴𝘴𝘦𝘵 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘴𝘦𝘳𝘷𝘪𝘤𝘦𝘴 ✅ Follow Paypr.work [ˈpeɪpəwəːk] ✅ Intro@paypr.work ✅ https://paypr.work