MasterCard Is Testing Bank Cards With Biometric Fingerprint Sensors

MasterCard Is Testing Bank Cards With Biometric Fingerprint Sensors
Banks, Insurance & Financial Services

The payment provider is forgoing traditional PIN numbers and developing cards with built-in fingerprint scanners

Sara Roncero-Menendez
  • 18 may 2017

Security has become an increasing concern for banks and their customers. To counteract this, MasterCard has developed cards with an additional layer of security—a biometric fingerprint sensor.

Biometric Fingerprint Sensor

The cards work by placing a finger on an in-built reader and subsequently a scanner authenticates payments once it’s entered into the pin port on the payment system. However, in order for the card to work, the user must register their fingerprint at their local bank, which is then placed in an encrypted digital template so that personal information is protected.

“Consumers are increasingly experiencing the convenience and security of biometrics. 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,” said. Ajay Bhalla, MasterCard President of Enterprise Risk and Security.

There’s no timeline yet as to when or if these scanners will be integrated into MasterCard’s line-up.

MasterCard

Security has become an increasing concern for banks and their customers. To counteract this, MasterCard has developed cards with an additional layer of security—a biometric fingerprint sensor.

Biometric Fingerprint Sensor

The cards work by placing a finger on an in-built reader and subsequently a scanner authenticates payments once it’s entered into the pin port on the payment system. However, in order for the card to work, the user must register their fingerprint at their local bank, which is then placed in an encrypted digital template so that personal information is protected.

+banking
+biometric
+biometric authentication
+financial services
+MasterCard
+retail
+security
+technology

Learn About Our Membership Services

Need Research Help?
As a member you can ask us any research questions and get complimentary research assistance with a 4-day turnaround. Reports inclde stats, quotes, and best-inclass examples on research topics.
Remain Informed & Strategic
We publish several trends reports each month. By becoming a member you will have access to over 100 existing reports, plus a growing catalog of deep topical analysis and debrief-style reports so you always remain in the know.
See Trends Come To Life
Meet your peers and immerse yourself in monthly trend and innovation webinars and discounted conferences.
No search results found.