Mastercard has introduced a new technology advancement that is set to facilitate remote registration of fingerprints for biometric cards, thereby eliminating the need for customers to visit a bank branch.
The new battery-powered sleeve is intended to offer an easy and convenient experience for Mastercard biometric cardholders, who will be able to self-enrol their contact or contactless card at home.
Go deeper with GlobalData
Customer fingerprints are scanned by the sensor present on the cards, and are then digitally encrypted into a template and securely stored for cross-verification during transactions.
Mastercard executive vice-president of identity solutions Bob Reany said: “Making life safer and simpler for consumers is the cornerstone of our efforts around biometrics and comes through the use of some incredibly sophisticated technology.
“People love the security our biometric card delivers because we put their needs first. The card draws power from the payment terminal so it can be used anywhere, we use a flexible biometric scanner so it’s more durable, and now we have a sleeve to register fingerprints so people don’t have to make a trip to a bank branch.”
The company expects that the new cost-effective feature will drive adoption of biometrics by both issuers and consumers.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataMastercard launched biometric cards in 2017 with chip technology and fingerprints authorisation for in-store purchases at any EMV-enabled terminal.
