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Mastercard unveils biometric card, completed trials in South Africa

  • Author:zz
  • Source:zz
  • Release on :2017-05-04
Mastercard has unveiled its next generation biometric card, which combines chip technology with fingerprints to seamlessly and safely verify cardholder’s identity for in-store purchases.
The credit card firm initially tested the technology in the South African market, having recently completed two separate trials with supermarket retailer Pick n Pay and Absa Bank.
The company is also planning additional trials in Europe and Asia Pacific in the coming months, followed by a full roll out later this year
“Consumers are increasingly experiencing the convenience and security of biometrics,” said Ajay Bhalla, president of enterprise risk and security at 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.”
Cardholders can enroll their card by registering with their financial institution. Upon registration, their fingerprint is converted into an encrypted digital template that is stored on the card, enabling them to use the card at any EMV card terminal globally.