Mastercard has unveiled a new card that comes with a fingerprint scanner.
The card giant reviewed this in a press release after two different successful trials. One was with Pick n Pay, while the other one was Absa Bank, a subsidiary of Barclays Africa.
The unique thing about the card is that you can make payment without the card leaving your hand. This allows cardholders convenience and security while making payments.
To obtain the card is a simple process. Go to your financial institution and enrol for the card. Once registered, your fingerprint is converted into an encrypted digital template and stored on the card. After that, the card can be used at any EMV card terminal globally.
When shopping, dip the card into the terminal while holding the finger on the sensor. If the fingerprint is a match, the transaction is approved.
According to Ajay Bhalla, president, enterprise risk and security, Mastercard. “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.”
Further trials are being planned in Europe and Asia Pacific in the coming months.