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MasterCard’s Digital Enablement Express Expedites Digital Payment Services

September 9, 2024         By: Melanie Macinas

MasterCard has rolled out Digital Enablement Express (Express), a program that speeds up digitization and tokenization of MasterCard accounts through the MasterCard Digital Enablement Service (MDES).

MDES helps transform any connected device into a commerce device to enable payments.

Express, which ultimately aims to provide secure digital payment options to consumers rapidly, has already gained the support of several issuers including KeyBank, Fifth Third Bank and Capital One.

The global framework is a product of MasterCard’s several years of research and partnerships with financial institutions and technology partners to bring tokenized payments to consumers.

With Express, MasterCard issuers can now safely digitize tokens into millions of devices, Internet of Things (IoT) environments and Card on File systems, thus providing consumers with access to secure digital payments.

Aside from expediting the digitization and tokenization of accounts and creating efficiencies in providing secure digital payments worldwide, Express limits the use and sharing of sensitive cardholder data and transaction information.

It also enables the use of tokenized credentials to safeguard payment integrity and merchant rights and reduce fraud rates.

Ed McLaughlin, Chief Emerging Payments Officer at MasterCard, commented, “MasterCard is working relentlessly to increase payment security and enable innovative new digital services for consumers, to the benefit of all participants in our network. Express now allows key technology partners to make their offerings available to all MasterCard issuers in a simple, safe and consistent manner, extending our network model into digital enablement.”