Mastercard launches ALT ID solution for guest checkout transactions. The ALT ID solution will provide several benefits to cardholders, such as no storage of card numbers on merchant websites and protection from potential data breaches.
Banking & Finance
Mastercard has launched an ALT ID solution for guest checkout transactions, in which the payment network will create an alternative identifier for each card to replace the actual card numbers provided by cardholders during online transactions. It will also tackle the issue of data breaches by preventing the exposure of sensitive card information during transactions. The company said that this feature comes with the aim of enhancing online payment security for both merchants and consumers.
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