Mastercard announced on Thursday the launch of a biometric card that combines chip technology with fingerprints in order to allow consumers to easily authorize financial transactions and verify their identity when making a purchase.
Before using the fingerprint feature, cardholders need to register the card with their bank. During this process, the user’s fingerprint is converted into an encrypted digital template and stored on the card.
When making an in-store payment, customers dip their card into the point-of-sale (PoS) terminal and scan their fingerprint on the embedded sensor.
