Money20/20: MasterCard to Launch Tokenization Initiatives

Money20/20: MasterCard to Launch Tokenization Initiatives

On Tuesday afternoon at the Money 20/20 conference in Copenhagen, a panel of industry leaders discussed the ongoing trends towards the tokenization of financial data and their respective involvements in these endeavors. Tokenization is growing in popularity among payment processors and their clients alike, and there are a number of overlapping ideas with how the Blockchain obfuscates sensitive information while still making information accessible for applicable parties or use cases. MasterCard in particular wants to capitalize on this trend, stating that they would be integrating tokens....


Related News

Money20/20 Announces Launch of Money20/20 Europe

Money20/20Europe Designed to be a Eurocentric Global Catalyst Enabling Payments & Financial Services Innovation for Connected Commerce. New York, NY - October 21, 2014 - Money2020, LLC, the organizer of Money20/20, the world's largest event for payments and financial services innovation with 7,000 attendees expected this year in Las Vegas-now less than 2 weeks away-today announced the launch of Money20/20Europe, a world-class conference and exhibition that focuses on the opportunities and challenges specific to Europe. The inaugural Money20/20Europe is set to take place in Spring 2016.....

Money20/20 Announces Bitcoin Promotion and Hackathon

Money20/20 is entering its third year in a big way. As one of the leading financial-anything events in the industry, Money20/20 attracts thousands of attendees from the biggest companies in the industry. Though Money20/20 is a payments and financial services conference first and foremost, the innovative properties of Bitcoin have unquestionably become a significant part of said industry. This year, Money20/20 has built a dedicated (Bit)coin World to recognize the progress made by the fledgling industry. The keynote speakers for (Bit)coin World are none other than Cameron and Tyler....

Xapo Announces New Bitcoin Debit Card Offering

MasterCard has contacted CoinDesk to reiterate that it does not have a relationship with Xapo, and that it had no knowledge of the company's planned product launch. The company added: "MasterCard does not have a relationship with Xapo. There is no card program currently available." UPDATE (25th April 02:30 BST): Xapo CEO Wences Casares spoke to CoinDesk to clarify the situation, stating that the company is currently working with an undisclosed bank to launch the open-loop debit card product, but it has yet to select a credit card network with which to power the offering. However, it was....

MasterCard Explores Biometrically Securing Transactions Using Facial Recognition

While other financial establishments such as VISA are experimenting with bitcoin and its blockchain technology, MasterCard has shifted its focus to biometric data security. In an attempt to create a passwordless credit card transaction settlement process, MasterCard is set to develop a system that approves online purchases using facial recognition technology. Ajay Bhalla, in charge of innovative security solutions for MasterCard, said: MasterCard has partnered with every international smartphone manufacturers and developers, including Google, BlackBerry, Apple, Microsoft and Samsung to....

Money20/20 In Las Vegas Oct. 25-28: Global Payment And Financial Event To Highlight Bitcoin

Bitcoin and digital currency will take center stage at Money20/20, the largest global event for payments and financial services innovation. The event, now in its fourth year, focuses on connected commerce at the intersection of mobile, retail, marketing services, dataand technology. It will be held at the Venetian in Las Vegas from Oct. 25 through 28. With 10,000-plus attendees, including more than 1,000 CEOs, from 3,000 companies and 75 countries, expected, Money20/20 explores disruptive ways in which consumers and businesses manage, spend and borrow money. Money20/20. Money20/20's agenda....