IOT : TOKENISATION er rom
Corporate applications expedite client onboarding by securing organisational information required for KYC and AML laundering compliance .
In e-commerce , tokenised biometrics hold potential for reducing return rates . With 25 % of online apparel purchases returned , tokenising personal measurements could improve sizematching accuracy .
The technology extends to gaming and regulated goods industries through secure age verification processes .
Healthcare faces unique challenges with fragmented data infrastructure leading to operational costs and potential compromises in patient care .
LexisNexis Risk Solutions ’ Gravitas Token solution demonstrates tokenisation application in healthcare , using algorithms to de-identify and link patient data for clinical research without compromising privacy .
Protected health information tokenisation enables patients to control medical data access through programmable tokens configured for specific contexts or timeframes .
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WATCH NOW Mastercard Tokenisation
This addresses interoperability issues where medical records scatter across platforms , impeding healthcare provider access to complete patient information .
The Power of Payment Passkeys Payment passkeys offer a more secure and easier way for cardholders to authenticate themselves during e-commerce transactions on web or merchant apps .
The Mastercard Payment Passkey Service enables participating merchants to offer biometric cardholder authentication for online payments with Mastercard passkeys across all guest checkout like the online checkout service , and card-on-file checkout .
When passkeys and Click to Pay are combined with tokenisation it creates a true one-click checkout : no more forgotten passwords , annoying onetime passcodes or even typing in your card number .
In fact , Mastercard recently announced its aim to eliminate manual card entry for e-commerce transactions globally by 2030 and has rolled out its Mastercard Payment Passkey Service – first in India – with a number of the nation ’ s largest payment players . fintechmagazine . com 73