Mastercard Incorporated (NYSE:MA) launched its new Payment Passkey Service globally to enhance online shopping security and convenience. The Mastercard Payment Passkey Service is designed for online and remote tokenized transactions, reducing fraud and improving approval rates. By combining tokenized payment credentials with biometric authentication, Mastercard integrates industry standards from EMVCo, the World Wide Web Consortium, and the FIDO Alliance to enhance and secure the checkout process. The service uses passkeys and tokenization to secure online transactions, ensuring no financial a…