Mastercard gets the ‘thumbs up’ after successful test of a biometric credit card
When the world’s most difficult pin number to crack is literally at your fingertips, why would you use anything else?
Because of new hacking technologies, credit cards have become synonymous with theft, but Mastercard is trying to combat that trend by developing a biometric credit card that redefines identity proofing for purchases.
Security solutions like fingerprinting services for individuals has grown in popularity among consumers, and Mastercard is hoping to capitalize on that popularity with their biometric card.
How it works
It’s pretty simple: when you insert your card for payment at a store, you place your thumb on the card where it reads your fingerprint. Once the card confirms that the fingerprint is connected to the primary cardholder, then the payment goes through.
Mastercard’s been doing trial runs on their new credit card for weeks in South Africa. The biometric credit card was accepted at Absa Banks and at Pick n Pay supermarket locations.
“We have been extremely impressed with the robust and secure nature of the technology,” said Pick n Pay CEO Richard van Rensburg in a statement.
In the next few months, Mastercard’s going to conduct test trials of the biometric card in Europe. Going to a bigger market means more eyes will be on the product and if it succeeds, this could potentially redefine how consumers approach identity verification.