View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
November 13, 2014

MasterCard and Visa to alleviate “password fatigue”

Static passwords to be abolished in favour of fingerprints, voices and even heart rhythms.

By Jimmy Nicholls

MasterCard and Visa are abolishing passwords for online payments, as they look to introduce new security measures to replace the aging authentication process.

The card companies will replace the static password with fingerprint credentials and passwords that expire after one use, amid implementation of "invisible authentication" and the reduction of password prompts through the use of behavioural data.

Ajay Bhalla, president of enterprise security solutions at MasterCard, said: "We want to identify people for who they are, not what they remember. We have too many passwords to remember and this is creates extra problems for consumers and businesses."

MasterCard expects to introduce the scheme next year, and will test facial and voice recognition apps as part of the new standard. This is in addition to a wristband that authenticates users based on their unique heart rhythm.

It plans to transfer these changes to payments through mobile devices, an emerging trend in the technology industry that has been boosted in recent months following Apple’s decision to enter the market.

Philip Turner, VP of EMEA at the identity management firm Okta, said the move would be welcomed by customers, many of whom suffer from "password fatigue".

"Not surprisingly, multi-factor authentication- which requires two or more factors to verify legitimacy of the user – has taken off and evolved pretty substantially in the past decade," he said. "We’re now seeing authentication methods becoming as personalised and specific to the individual as the experiences they’re trying to access."

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU