Mastercard scales Click to Pay to tackle payment fraud in Australia

By Gloria Methri

Mastercard Incorporated has announced the expansion of its Click to Pay solution in Australia to help combat online payment fraud.

Click to Pay is a tokenized online transaction method that enhances customers’ checkout experience and security. This solution is compatible with most debit and credit cards available in Australia, and users can avail of this option by visiting the Mastercard website.

“With online shopping now the norm, Aussies are becoming more mindful of how and where they share their payment details. It’s a bit like handing over your house key every time you enter your card info,” said Richard Wormald, division president, Australasia, Mastercard.

“With payment credentials securely held, managed,  and shared by one of the most trusted institutions in people’s lives, their bank, Mastercard Click to Pay, sets the new standard for secure and seamless online transactions. By replacing card details with a secure token, cardholders no longer need to share their front door key, giving them far more control over who they let into their house and who can come back in the future,” added Wormald.

Mastercard Click to Pay evolves the functionality and convenience of existing Click to Pay buttons, which can be found at some merchants online, by embedding the technology directly into the checkout.

This allows cardholders to access available cards instantly and facilitate payment without needing to click additional buttons or leave the retailer’s website.

“In the same way contactless made payments more convenient in physical retail, Mastercard’s Click to Pay has huge potential to make online payments smarter, safer and more streamlined. Today that is done by embedding the technology directly into the checkout experience. In the coming months, Mastercard will add new authentication and verification tools to its tokens, allowing financial institutions and merchants to make informed decisions on whether a transaction is genuine or potential fraud,” concluded Wormald.

Mastercard has successfully launched its embedded Click to Pay solution in more than 30 countries around the world. Thousands of merchants have enabled the universal digital checkout solution to benefit their customers.