Mastercard has announced it will phase out traditional 16-digit card numbers by 2030 in a significant effort to curb identity theft and fraud. The shift will implement tokenisation and biometric authentication methods, including options introduced in 2022 that allow users to make payments with gestures like a smile or wave. The first rollout of these numberless cards will occur in partnership with AMP bank, with plans for further expansion anticipated within the next year. This initiative responds to the rising incidence of card fraud, notably in Australia, where such offenses reached A$868 million in 2023-2024.
Mastercard plans to eliminate 16-digit card numbers by 2030, introducing tokenisation and biometric methods to enhance security against identity theft and fraud.
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