Mastercard has approved the first cards for issuers compatible with new EMVCo contactless specifications designed to protect against attacks from traditional and quantum computers.
Experts have been warning for years about the potential of quantum computing to render current security protocols obsolete.
With fears growing that malicious actors could exploit quantum computing to break the encryption that protects key systems, Mastercard has worked with global standards body EMVCo to incorporate enhanced quantum-resistant contactless specifications into current card programs.
Ajay Bhalla, President, Cyber & Intelligence at Mastercard, said: “By bringing quantum-era technology to contactless payments, we are taking steps for cloud-proof security and privacy wherever possible. future. These new cards will provide that greater peace of mind, while providing consumers and merchants with a seamless transition from today’s contactless experience.
The new cards are designed to remain compatible with existing acceptance, network and issuer infrastructure and are available from Giesecke+Devrient and Thales.