“The card is equipped with fingerprint scanning tech and can be used at EMV terminals anywhere in the world”
Fingerprint sensors went mainstream on smartphones after Apple launched iPhone 5s in 2013. And now we have fingerprint sensors on credit cards too, thanks to Mastercard. The company has introduced the world’s first credit card with an integrated fingerprint scanner.
Mastercard has combined chip technology with biometrics to allow you to verify your credentials more conveniently for in-store purchases. The card is equipped with a fingerprint sensor and can be used at EMV terminals anywhere in the world. It works with existing EMV card terminal infrastructure and doesn’t require any new hardware or software upgrades, said the company.
As per Mastercard, a cardholder enrols their card by simply registering with their bank. Upon registration, their fingerprint is acquired and converted into an encrypted digital template, which is stored on the card itself. After the procedure, the card is ready to be used at any EMV card terminal. The fingerprint sensor is positioned in the upper right corner of the card, and early testers say that the authentication process is quick – faster than entering your PIN and then waiting for approval from the bank.
Mastercard is testing the biometric card in South Africa with two separate trials ecently concluded with Pick n Pay and Absa Bank. After the testing period, the company hopes to roll out the technology globally later this year.