View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
January 23, 2018

Online biometric payments brought to Europe by Mastercard

What do you think of biometric authentication? Would you happily give up passwords and use a new method?

By Tom Ball

In early 2018 Mastercard is set to launch a new capability via which European shoppers will be able to use biometric technology for the authentication of online payments.

This project will involve both fingerprint scanning and facial recognition technology, both of which society has become familiar with through the widespread use of smartphones.

Mastercard is proving to be at the tip of spearhead of biometric technology for payments, having been engaged in research and implementation. The Mastercard Identity Check offering is active across the globe and is compatible with online banking and shopping.

Online biometric payments brought to Europe by MastercardAs reported by Finextra, Javier Perez, president, Mastercard Europe, says: “Biometric technologies perfectly match consumers’ expectations of getting the secure payment solutions of tomorrow, in line with the increased digitalisation of lifestyles. This can significantly benefit consumers, retailers and banks by improving the purchase experience and better securing the transaction.”

There has been growing research pointing toward consumers preferring the idea of using biometric authentication over remembering passwords, a global security weak point that is constantly leveraged by malicious actors.

Other work conducted by Mastercard in the biometrics space includes the launch of a biometric credit card, in this instance the process requires a fingerprint. Mastercard trialled this capability in South Africa with successful results, with the fingerprint recognition technology built into the card itself. Like with passwords, pin numbers have also been problematic when people are trusted to protect and manage them.

Biometrics beat passwords for 93% of UK consumers
UK government urged by Army chief to bolster cyber defences
Unmasking the machine identity monster

In addition to the biometric credit card, Mastercard also launched the concept of the biometric selfie for payments, this move also targeted Europe in 2017. The UK is included in the 12 countries the project was pushed out to, while the payments giant continued to trial it in countries like the United States, Canada and the Netherlands.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Working with Oxford University, Mastercard conducted and presented research that found 93 per cent of UK consumers prepared to take up biometrics if it meant passwords could be replaced, uncovering a clear path for innovation.

Topics in this article : , , , ,
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.