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Mastercard launches ALT ID for Enhanced Online Payment Security

Published on September 02, 2023
Current Context: Mastercard’s ALT ID is a new feature that allows customers to make online payments without saving their card details on merchant websites. It creates an alternate identifier for each card, which enhances the security of guest checkout transactions. This way, customers can avoid potential data breaches and enjoy a seamless payment experience.
Mastercard launches ALT ID for Enhanced Online Payment Security
  • According to Mastercard, the ALT ID solution is meant for cardholders who carry out transactions without saving their cards, also referred to as guest checkout.
  • It is a custom-made capability developed by Mastercard to create an alternate identifier for the real card numbers provided by cardholders during guest checkout transactions on e-commerce platforms.
Some of the benefits of the ALT ID solution are:
    • Non-storage of card number on merchant websites
    • Protection from potential data breaches
    • Improved payment success rates
    • No integration effort for merchants
    • Enhanced customer satisfaction

Question:

Q.1 What is the main purpose of the ALT ID solution?
a. To allow customers to make online payments without saving their card details on merchant websites
b. To create an alternate identifier for each card, which enhances the security of guest checkout transactions
c. To avoid potential data breaches and enjoy a seamless payment experience
d. All of the above
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