Mastercard has unveiled a new Biometric Card than can be used for contactless payments and it comes with a built in fingerprint reader.
Mastercard have been testing out these new cards in South Africa and they can be used at EMV terminals around the world.
“Consumers are increasingly experiencing the convenience and security of biometrics,” said Ajay Bhalla, president, enterprise risk and security, Mastercard. “Whether unlocking a smartphone or shopping online, the fingerprint is helping to deliver additional convenience and security. It’s not something that can be taken or replicated and will help our cardholders get on with their lives knowing their payments are protected.”
A cardholder enrolls their card by simply registering with their financial institution. Upon registration, their fingerprint is converted into an encrypted digital template that is stored on the card. The card is now ready to be used at any EMV card terminal globally.
You can find out more details about the new Mastercard Biometric cards over at their website at the link below.
Source MastercardFiled Under: Technology News, Top News