Mastercard has released a biometric card that uses the holder’s fingerprint to authorize in-store payments without requiring a PIN or signature. Stores don’t need new hardware, because the card comes with an in-built fingerprint scanner and works with any EMV terminal.
“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.”
