Mastercard Sees Other Banks Ditching Credit Card Numbers Like Apple Did
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First it was the signatures. Now the biggest U.S. banks could be looking to get rid of card numbers, too.
This week, Apple Inc. introduced the Mastercard Inc.-branded Apple Card, which won’t have a number on the physical card as a way to improve security in case a customer loses it. That could encourage other banks to also ditch the static number in favor of more secure limited-use numbers, said Craig Vosburg, president of North America for Mastercard.