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Mastercard Unveils Biometric Bank Cards - Technology Market - Nairaland

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Mastercard Unveils Biometric Bank Cards by xeighy(m): 10:16am On Apr 21, 2017
MasterCard has unveiled a new payment card with in-built biometric technology.

The new card combines the existing chip technology with fingerprint sensors, to make in-store payments more convenient and secured.

The announcement follows two successful trials conducted in South Africa, with Pick n Pay and Absa Bank (a subsidiary of Barclays Africa).

“Consumers are increasingly experiencing the convenience and security of biometrics,” said Ajay Bhalla, President of Enterprise Risk and Security at MasterCard.

How It Works

A cardholder registers with their bank to enrol their card.

Upon registration, their fingerprint will be converted into an encrypted digital template which is stored on the card.

The card can then be used at any EMV card terminal globally.

The biometric card works like already known chip payment cards, especially when shopping and paying in-store.

The cardholder slots in their card into the retailer’s terminal, placing their finger on the embedded fingerprint sensor.

The fingerprint is verified against the digital template to match the biometrics. If successful, the cardholder is authenticated and the transaction will be approved with the card never leaving the owner’s hand.

Kindly read more on www.paymentchatforum.com or follow us on Twitter @PaymentChat.

Re: Mastercard Unveils Biometric Bank Cards by JohannLibert: 4:24pm On Dec 23, 2022
Hello! If you decide to get a credit card, then I can advise you the Aspire credit card, which I myself have been using for quite a long time. This is a great way to manage your finances and make your life easier. Read the information here https://aspire.pissedconsumer.com/customer-service.html and you will realize that they offer many features and benefits that will help you save money, make payments on time and improve your credit score when using this card responsibly.

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