Mastercard is reportedly testing biometric enabled bank cards for payments at merchant points, and it looks super brilliant. The world’s shifting towards fingerprint authorized transactions and it’s available everywhere now with smartphone manufacturers and navigation doors are enabling the use of fingerprint scanners for authorizing transactions.
Payment cards however haven’t adopted this tech yet though. This is all set to change with Mastercard’s latest bet on biometric authentication systems. With this process, a biometric fingerprint scanner is attached to your payment card that you can insert into the Point of Sale (POS) terminal, and the transaction approval happens over your placing of the fingerprint on the card’s scanner.
[caption id=“attachment_1473” align=“aligncenter” width=“1600”] Image credits: Engadget[/caption]
While this is currently being tested in South Africa, it might be available across the world by the end of 2017, reports Engadget. This however depends on how soon your banking partners apply to the program and enable this for customers.
Using the biometric card is relatively simple though. You will have to apply for a card as and when this technology is adopted with your bank, and you will have to visit the bank to register your fingerprint. Once you are done registering your information, this will be converted to a template that will be authorized to your card’s scanner, and you are good to use this at all POS terminals that accept chip cards.
> > MasterCard adds fingerprint sensors to payment cards [pic.twitter.com/zVA7R9FBcc](https://t.co/zVA7R9FBcc) > > — Engadget (@engadget) [April 20, 2017](https://twitter.com/engadget/status/855126692066504704)
POS terminals that accept only magnetic cards will not be helpful though. All merchants will have to use a chip reader terminal to accept these chip+biometric cards.
Speaking of design and working, the initial impressions from Engadget’s video look supremely good. This is all set to change how payments is done. There should be no more prying eyes that look at your pin when you punch them on the terminal.