Can we use passkeys to authenticate consumers in online card transactions?

Can we use passkeys to authenticate consumers in online card transactions?

Source: YouTube · FIDO Alliance · published Feb 7, 2025 · 23:17

Identity & Access Management
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Description

Visa and MasterCard are collaborating to integrate Passkeys into global payment authentication, aiming to replace traditional passwords with biometric or device-based verification for enhanced security and user convenience 0:07.

Key Takeaways:
• The discussion focuses on the industry-wide shift toward Passkeys for payment authentication to improve security and reduce friction 0:07.
• Hanna Kapoor from Visa represents the industry and standards perspective, working to align authentication products with Visa’s services 0:16.
• Jonathan from MasterCard leads the global authentication product team, specifically responsible for the MasterCard Payment Passkey service 0:45.
• Both companies are engaging with standards bodies like W3C and FIDO to ensure interoperability and widespread adoption of Passkeys 0:37.

This initiative marks a significant step toward a passwordless future for digital transactions, leveraging existing device infrastructure for seamless and secure user experiences.

Sources:

  • 0:07 Introduction to the topic of Passkeys for payments.
  • 0:16 Hanna Kapoor's role at Visa regarding authentication standards.
  • 0:45 Jonathan's role at MasterCard leading the Payment Passkey service.
  • 0:37 Engagement with W3C and FIDO standards.

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First 800 characters of the transcript

welcome Hanah welcome Jonathan welcome Sean thank you so much for joining me today to talk about Pas keys for payments and payment authentication all right so to get started um let's introduce ourselves let's start next to me Hannah hi everyone um henna Kapoor from Visa uh I'm part of the authentication and identity team um and I do work fairly on the on the industry and standard side trying to figure out what's out there from what ation product perspective what can become part of the Visa product uh and services um I do also engage with WCC so that's another area where we're looking at uh and a bit of Emco as well awesome thank you Jonathan good afternoon my name is Jonathan grar I'm from MasterCard from the global authentication product team uh I'm responsible for the MasterCard payment …