Payment technology company Mastercard Inc. this year is focusing on enabling faster digital payments through edge computing, a distributed computing model where data is processed and analyzed on or near the device where it is generated instead of first being sent to a corporate cloud or data center. “It’s putting intelligence right next to our customers, all the way to the edge of the customers, within or next to the devices that they’re running,” said Ed McLaughlin, Mastercard’s president of operations and technology. The plan is to continue moving payment authorization decisions that previously would have been handled by a centralized cloud data center to the payment device, such as allowing a smartphone to unlock a subway turnstile. The technology can speed up processing—including authorization decisions—while minimizing latency, and enhancing security.

https://www.wsj.com/articles/financial-services-firms-aim-for-network-modernization-in-2022-11641294001