Intelligent CXO Issue 39 | Page 7

LATEST UPDATES

Delayed digital switch-off allows businesses to switch on with digital communications providers

However , the telco-industry giant has now stated that the 2027 deadline will come ahead of a complete shutdown of analogue systems by the close of 2027 . Whilst the shift promises faster services , managing customer migrations , including the necessary customer provisions , is critically important and is still required for thousands of consumers and businesses across the UK .
Andy Fung , Solutions Architect at Espria , believes that this extension is something many businesses still behind on their digital switch will appreciate . However , Fung cautions that urgent measures need to be taken in the present and not in the future .

BT Group recently announced that the date for the Public

Switched Telephone Network ( PSTN ) switch-off in the UK has been pushed back to the January 31 , 2027 . This extended deadline aims to give more time for vulnerable consumers to migrate to VoIP landlines before their older networks become obsolete . Previously , BT had planned to shift customers by the end of 2025 .
He said : “ The extension of the digital switch deadline to January 2027 provides a welcome reprieve for businesses that haven ’ t yet completed the move . This additional time allows them to ensure a smooth transition and avoid potential disruptions caused by a backlog of users rushing to migrate by the previous 2025 deadline .
“ However , this delay presents a double-edged sword , in that many businesses which have yet to make the move might question the urgency of revised timelines , potentially leading to more confusion . Clear communication , especially from their provider ’ s side , will be key .”

Mastercard commits to reaching 100 % e-commerce tokenisation by 2030 in Europe

Mastercard has announced its vision for 100 % e-commerce tokenisation in Europe by the end of the decade . This supports a global commitment to phase out manual card entry and make e-commerce safer and more accessible for everyone . As payments become more intricate , Mastercard is leveraging tokenisation , streamlined guest checkout and payment passkeys to create a consistent experience across devices , browsers and operating systems .

Contactless payments have made in-person payments seamless and ubiquitous – there ’ s an opportunity to bring that same experience to online checkout .
2 . To eliminate manual card entry , Mastercard is making it easier to embed Click to Pay into merchant sites and enabling bank partners to help people enrol their cards 3 . Payment passkeys are leveraging online mobile device-based biometric authentication to eliminate passwords and one-time codes
Merging tokenisation with Click to Pay and payment passkeys benefit the entire ecosystem . Consumers will experience faster and safer checkouts .
Despite rigorous security solutions put in place by the payments industry , online commerce continues to face vulnerabilities due to bad actors . According to Juniper Research , losses from online payment fraud is forecasted to exceed US $ 91 billion by 2028 .
Mastercard is bringing together key solutions to reduce threats and make online commerce not only ubiquitous :
1 . Tokenisation replaces the 16 – 19 digit number on the payment card with a secure token , reducing fraud and also improving approval rates
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