MasterCard reveals biometric plans for password-killing protocol
MasterCard has outlined plans for a new authentication standard designed to end the use of passwords in online payments, saying that the protocol could be released as early as next year.
The firm says the new standard, which is being developed in cooperation with Visa, will move security infrastructure beyond the PC era, “supporting emerging technologies and changing consumer needs”.
The new protocol could be adopted in 2015 and will gradually replace the current 3D Secure protocol. “[R]icher cardholder data … will result in far fewer password interruptions at the point of sale”, said MasterCard.
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