Have You Seen The New Phase of MasterCard With FingerPrint Scanner?

The end of an era has come and a new phase is about to roll
in. Just like smartphones, password and pin codes are been replaced with
fingerprint and iris scanner as a means of unlocking your device; Master Card
is about to join the league.

MasterCard is testing out new fingerprint sensor-enabled
payment cards that, combined with the onboard chips, offer a new, convenient
way to authorize your in-person transactions. Instead of signing a paper
receipt or entering your PIN while struggling to cover up the number pad, you
simply place your thumb on your card to prove your identity.
Goal of The New Master Card

Step 1. Insert credit card.
Step 2. Put your thumb on it.
Step 3. Walk away with your purchase.

The new cards are currently being tested in South Africa,
and MasterCard hopes to roll them out to the rest of the world by the end of
2017.
How Will it Work?
>>Your bank will inform you that the biometric card is
available, and if you’re interested, you’ll have to go to an enrollment center
(most likely a bank) to get your fingers scanned.

>> An encrypted digital template of your fingerprint
is stored on the card’s EMV chip. You can save up to two prints, but they would
both have to be yours – 

>>You can’t authorize someone else to use your card
with their fingers. After your templates are saved, your card is ready to be
used at compatible terminals worldwide.
Even if the card is stolen, the other ‘thief’ won’t be able
to use it since his/her finger print scanner won’t be identified. Of course, you’ll still have the option to use your PINcode.

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12 thoughts on “Have You Seen The New Phase of MasterCard With FingerPrint Scanner?

  1. It's a good development…. But in Nigeria right now, even verve now has levels, because Visa and Mastercard has been relegated to an ordinary card. How many Visa or Mastercard does international transactions?Frustrating country!!!

  2. Its will be a good measure towards security and against ATM theft. But I don't still get it, how will it work on ATM machine, I get that of POS, but since all card get into the ATM machine how does the finger print work with it.

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