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Entrust Allows Banks to Easily Comply with Updated Click to Pay Mandate from Mastercard

Oct

19

2022

News Room Media Inquiry

News Room Media Inquiry

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Banks and other card issuers can simplify compliance of the new Mastercard Click to Pay mandate with digital-first payments solution from Entrust

CAMBRIDGE (XX, 2022) - Entrust, a global leader in trusted identity, payments and digital infrastructure, is enabling banks to more simply comply with the recently announced Mastercard mandate for Click to Pay. For now, all issuers located in Italy, Spain, the UK, Ireland, the Czech Republic, Germany, the Netherlands, Norway, Sweden, Switzerland and Belgium are asked to comply, and the mandate is expected to follow in other countries, as well.

When consumers shop online, convenience and speed are of the utmost importance. If those two requirements are not met, e-retailers and banks alike face higher rates of checkout abandonment. With Click to Pay, consumers are enabled to pay via one click of a button. Banks that incorporate Click to Pay enablement into their digital-first strategy can increase security, cardholder satisfaction and secure, or maintain, top of wallet status.

The mandate from Mastercard requires issuers with at least 250,000 cards to support the provisioning of a cardholder’s credential into Click to Pay via a mobile banking app and during online activation of Mastercard cards. The easiest way for banks and issuers to comply with this mandate is to use push provisioning to Click to Pay from their banking app. The Entrust Digital Card Solution provides a more seamless, instant and secure way for cardholders to enroll in Click to Pay in just a few clicks directly from the banking app. This means consumers can make payments securely and easily without having to enter their card details or PIN on e-commerce websites. Entrust allows issuers globally to comply, or prepare to comply, with this and similar mandates from other card suppliers that are expected to follow.

“Click to Pay is a solution that enables a consistent and secure guest checkout experience, giving cardholders access to their preferred cards on any device,” said XX at Mastercard. “In a very short onboarding window of time, a great cardholder experience is critical to avoiding application abandonments. Entrust is a trusted partner within the global Mastercard Engage Partner Network program who allows banks to enable these elevated experiences.”

“Click to Pay is already being implemented by a lot of e-commerce merchants, and this trend is expected to grow globally”, said Tony Ball, Senior Vice President and General Manager, Instant Issuance. “For banks and issuers offering push provisioning to Click to Pay, they are providing their customers an overall enhanced service through a simpler and more secure check out process. These banks are improving their chances to become, and maintain, top-of-wallet status, while provide a true digital-first payment experience for their customers.”

To learn how the Entrust Digital Card Solution enables banks to provide digital-first cardholder experiences, visit our website: https://www.entrust.com/issuance-systems/products/software/entrust-digital-card-solution.

About Entrust Corporation
Entrust keeps the world moving safely by enabling trusted experiences for identities, payments, and digital infrastructure. We offer an unmatched breadth of solutions that are critical to enabling trust for multi-cloud deployments, mobile identities, hybrid work, machine identity, electronic signatures, encryption and more. With more than 2,800 colleagues, a network of global partners, and customers in over 150 countries, it’s no wonder the world’s most entrusted organizations trust us. For more information, visit www.entrust.com.

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