How Mastercard and G+D Are Shaping the Fight Against Fraud

Christopher von Mitschke-Collande from Giesecke+Devrient (G+D) sat down with Jen Premisler, Senior Vice President of FinTech Acceleration at Mastercard, to talk about one of the industry’s most pressing challenges: fraud.

Premisler explained that fraud, cybersecurity, and data breaches have dominated headlines for good reason, and they remain top concerns for banks and fintechs globally. Mastercard’s strategy focuses on reducing fraud wherever possible, while recognising that some level of risk will always exist. Tools such as tokenisation play a central role in this approach by protecting card data and reducing fraud in the event of a cyberattack. Alongside tokenization, Mastercard also invests heavily in cybersecurity solutions designed to safeguard both institutions and their customers.

Von Mitschke-Collande steered the conversation towards innovations like tokenization, Click to Pay, HCE and Mastercard’s Cloud-Based Provisioning (MCBP) with Premisler highlighting Mastercard’s leadership in this space, pointing back to 2013 when the company first set standards for tokenization and later launched its MDES platform. These innovations not only reduce fraud and improve approval rates, but they also make everyday experiences possible that consumers now expect such as mobile wallets and seamless in-app payments. With solutions like MCBP, financial institutions can bring wallets to market up to 80% faster, while partnerships with companies like G+D ensure these capabilities are delivered at scale.

Jen also spoke about the move beyond older security measures like one-time passwords, pointing to Mastercard’s new Passkey technology which is the next step in authentication. This builds on tokenization and mobile payments to make digital transactions more secure, more seamless, and more user-friendly. She noted that collaboration with partners such as G+D is critical to making these innovations widely accessible.