New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Which company has launched an ALT ID solution for guest

    checkout for each card to replace the real card numbers provided by cardholders during online transactions & to  provide multiple advantages to cardholders, such as non-storage of card number on merchant websites and protection from potential data breaches?
    A Mastercard Correct Answer Incorrect Answer
    B Visa Correct Answer Incorrect Answer
    C American Express Correct Answer Incorrect Answer
    D Maestro Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Mastercard has launched an ALT ID solution for guest checkout for each card to replace the real card numbers provided by cardholders during online transactions. The ALT ID solution will provide multiple advantages to cardholders, such as non-storage of card number on merchant websites and protection from potential data breaches. It will allow merchants and payment service providers to secure the card numbers with minimal development efforts and improve the payment experience of their customers

    Practice Next