Today, Mastercard unveiled the next-generation biometric card. The cardholder dips the card into a retailer’s terminal while placing their finger on the embedded sensor. The fingerprint is verified against the template and – if the biometrics match – the cardholder is successfully authenticated and the transaction can then be approved with the card never leaving the consumer’s hand.
Here are 3 things you need to know about this news:
- You place your thumb on the card to prove your identity. This confirms in a very unique way that the person using the card is the genuine cardholder.
- The card is no thicker than normal and works with all existing chip-and-PIN readers.
- Recent trials took place in South Africa to test the potential ways convenience and security could contribute to the checkout process. Additional trials are being planned in Europe and Asia and a consumer rollout is expected by the end of 2017 through issuers that choose to offer biometric cards.
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