The Jakarta Post
When making payments, customers can simply insert the card into the retailer's terminal while placing their finger on the sensor for authentication. (Mastercard/File)
Mastercard has announced that it is working on a credit card that comes with a built-in fingerprint scanner.
As reported by The Verge, the fingerprint scanner would allow customers to simply touch the card to "authorize their payments.” This would mean no more PIN numbers or signatures.
Currently on trial in South Africa and coming soon in Europe and the Asia Pacific, the card will also work with "all existing chip-and-PIN readers.”
It would offer "additional convenience and security" as a fingerprint is "not something that can be taken or replicated,” Mastercard security chief Ajay Bhalla said in a press release.
The new cards are slated to fully roll out later this year. Customers eager to get one would need to register at their banks and have their fingerprint "converted into an encrypted digital template that is stored on the card.”
When making payments, they can simply insert the card into the retailer's terminal while placing their finger on the sensor for authentication, which means the card will never leave their hands. (kes)