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In The News

In The News

October 5 - Mastercard rolling out payment system using facial and fingerprint recognition

Article: Technology For A Global Monetary System

MasterCard is rolling out MasterCard Identity Check, the credit card firm�s new payments system that enables consumers to make online purchases using facial or fingerprint recognition technologies, according to a report by The Telegraph.

The move comes a few months after Mastercard said it would launch a small pilot program this fall which would allow select consumers to place a finger on the scanner of their smartphone, or blink into their smartphone�s camera to verify their identity to complete online purchases.

Mastercard said the system could potentially eliminate the need for consumers to remember passwords when they shop online.

�The idea is these technologies should actually change your life, and make it extremely convenient to do shopping on e-commerce sites or on your mobile phone. That�s what we�re trying to refine in these programmes.�

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