Mastercard Launches Payment Passkey


On Nov. 12, Mastercard launched biometric authenticated payments.


  • Mastercard partnered with Tap Payments to launch Click to Pay with Payment Passkey.
  • Launched world’s first one-click payment service using biometric authentication codes.
  • Payment Passkey
  • Top Payments is leading provider of electronic payment products, solutions in MENA.
  • Partnership offering Click to Pay with Payment Passkey, the first service globally to achieve the highest standards of protection and security for e-commerce transactions.
  • Payment Passkeys consisting of advanced biometric authentication technologies (such as fingerprints or facial scans) are eliminating need for one-time passwords (OTPs).
  • By replacing traditional passwords and OTPs, the Mastercard Payment Passkey Service makes transactions not only faster, but also more secure against fraud and scams.
  • Payment Passkey service leverages Click to Pay to secure consumers’ payment details through tokenization and biometric data, safeguarding data from third-party access.
  • This service has been introduced by Tap Payments on Mastercard’s Payment Gateway.

Regulators Mastercard
Entity Types Bank; CNSM; MSB
Reference PR, 11/12/2024
Functions Compliance; Financial; Fraud; Product Administration; Product Design; Risk; Sales Practices; Technology
Countries Global Regulator; United Kingdom
Category Global Standards Body
State
Products Banking; Cards; Payments
Regions Global
Rule Type Guidance
Rule Date 11/12/2024
Effective Date 11/12/2024
Rule Id 232886
Linked to N/A
Reg. Last Update 11/12/2024
Report Section International

Last substantive update on 11/13/2024