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Visa, Mastercard roll out secure, seamless payment system for South Africa
May 8, 2023, 5:18 p.m. | Ayang Macdonald
Biometric Update www.biometricupdate.com
Hassles involved in online merchant payments in South Africa, usually from step-up challenge, will soon be reduced as two payment card providers Visa and Mastercard are rolling out new authentication frameworks.
According to Business Tech, Visa unveiled its Digital Authentication Farmwork (DAF) mid last month, while Mastercard plans to roll out its Token Authentication Framework (TAK) sometime next year.
The two new authentication systems will reduce the friction for merchant payments and enable customers complete the checkout process faster …
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