Tokenization/page/4 news and trends

Mastercard: Tokenized Payments Turn Make-or-Break Checkout Moments Into Sales
eCommerce // November 05, 2024

Seamless checkout is a winning mantra for retailers looking to capture sales and delight their customer bases. Customers largely expect a fast, secure and intuitive checkout process. However, hurdles remain, and a seamless checkout isn’t always as easy as click-pay-done. “Despite the shift to digital...

Singapore Responds to ‘Strong Interest’ in Asset Tokenization
Blockchain // November 04, 2024

Singapore’s banking regulator announced plans to promote tokenization in the financial services industry. The Monetary Authority of Singapore (MAS) said the effort will include deepening the liquidity of tokenized assets by the formation of commercial networks, according to a Monday (Nov. 4) press release. “MAS...

Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
Mastercard // October 31, 2024

Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts to interest rates. CEO Michael Miebach said on a conference call with analysts: “On Halloween, well, there’s nothing spooky here.”...

Mastercard Launches Tokenized Card-Based Bill Pay Solution
Mastercard // October 28, 2024

Mastercard launched a new card-based bill-pay solution for merchants, acquirers, payment facilitators and payment service providers. The new Bill Qkr is live and available globally, the company said in a Monday (Oct. 28) press release. “With Mastercard Bill Qkr, we’re bringing our cutting-edge payment technologies...

Interviews & Exclusives
Mastercard: Tokenized Payments Turn Make-or-Break Checkout Moments Into Sales

November 05, 2024
Seamless checkout is a winning mantra for retailers looking to capture sales and delight their customer bases. Customers largely expect a fast, secure and intuitive checkout process. However, hurdles remain, and a seamless checkout isn’t always as easy as click-pay-done. “Despite the shift to digital payments, barriers still exist, creating a poor experience for both […]

PYMNTS’ Data-Driven Journey Through Payments Innovation

October 19, 2024
Oct. 20, 2009. The United States was starting to see daylight out of the darkness of the worst financial crisis since the great depression. The Wall Street Journal reported that...

Mastercard CPO Calls for ‘Rethink’ of Payments Technology With Tokenization

October 10, 2024
Among the meteoric rise of payments innovation, tokenization’s widening adoption has been among the most notable. It’s been around for more than a decade, but even today — with explosive...

35% of Cardholders Abandon Merchant After a Card Decline

October 04, 2024
Striking the right balance between seamless payments and strong security is crucial for merchants. As eCommerce continues to flourish, a PYMNTS Intelligence report, “Why Network Tokenization Is eCommerce’s Newest Essential,”...

Quick Reads
Swift Settles Tokenized Fund Subscriptions and Redemptions on Its Network

November 05, 2024
Swift has completed a successful pilot for tokenized fund subscriptions and redemptions using its network. The project — completed in partnership with UBS Asset Management and Chainlink — would allow digital asset transactions to settle with fiat payment systems across more than 11,500 financial institutions, in more than 200 countries and territories, Swift said Tuesday […]

Singapore Responds to ‘Strong Interest’ in Asset Tokenization

November 04, 2024
Singapore’s banking regulator announced plans to promote tokenization in the financial services industry. The Monetary Authority of Singapore (MAS) said the effort will include deepening the liquidity of tokenized assets...

Mastercard Launches Tokenized Card-Based Bill Pay Solution

October 28, 2024
Mastercard launched a new card-based bill-pay solution for merchants, acquirers, payment facilitators and payment service providers. The new Bill Qkr is live and available globally, the company said in a...

BIS: Tokenization May Create New Risks for Central Banks

October 21, 2024
While there are potential benefits to the tokenization of money, there are also costs and risks that need to be considered, the Bank for International Settlements (BIS) said Monday (Oct....