One year in, Mastercard's checkout transformation gains ground across Europe
United States, June 3 -- One year after announcing its vision to phase out manual card entry and drive 100% tokenisation, Mastercard is celebrating major strides across Europe, where a growing number of partners are adopting the technologies that underpin safer, smarter digital commerce. Nearly half of Mastercard e-commerce transactions are now tokenised in Europe. These tokenised transactions, including Secure Card on File (SCOF), Click to Pay, and digital wallets, have increased by over one third in the past year. Merchant tokenisation, known as Secure Card on File (SCOF), is now live in 45 European countries and territories, helping reduce fraud and improve approval rates by replacing card numbers with dynamic, merchant-specific tokens. ...
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