- By replacing a consumer’s physical card number with a token, payment information is unique to each individual transaction and can be used only by the merchant that requested it;
- Amazon will begin using Mastercard tokens for transactions in 2020.
Mastercard has announced that Amazon customers in 12 countries across North America, Latin America, Middle East, and Europe will have their stored card credentials tokenized. The 12 countries include the U.S., Canada, U.K., Brazil, France, Germany, Italy, Mexico, Netherlands, Spain, Turkey, and the United Arab Emirates.
By replacing a consumer’s physical card number with a token, payment information is unique to each individual transaction and can be used only by the merchant that requested it. Amazon will begin using Mastercard tokens for transactions in 2020.
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The advantage of that is that, unlike physical cards, network tokens do not expire – when consumers receive a new physical card from their bank, their credentials are automatically updated, eliminating the hassle of reentering their card numbers and eliminating interruptions during checkout.
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Mastercard Digital Enablement Service (MDES), according to the company itself, is live with more than 2,600 issuers and 1,200 token requestors around the world.
