Mastercard Tokens Work With Amazon; E-Commerce Rose $53B in Pandemic

Mastercard began tokens for transactions in 12 countries including the U.S., working with companies including Amazon. This replaces a physical credit card number and payment information is unique to each transaction and can be used only by the merchant that requested it, the card issuer said Wednesday. More consumers are saving and managing payment card details across websites, it said: Merchants worldwide use its tokenization technology. A May Mastercard report said more than $53 billion in incremental spending occurred on e-commerce in the U.S. vs. what's typical, due to the pandemic. Consumers “adapted to a new reality,” moving to the internet to acquire goods and services, said the report. The company didn't respond to questions on the token rollout.