View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
  2. Company news
May 4, 2015updated 04 Apr 2017 4:03pm

Mastercard to launch biometric payments solution in Europe-report

Mastercard is reportedly planning to introduce a biometric payments solution in Europe later this year.

By Verdict Staff

Mastercard is reportedly planning to introduce a biometric payments solution in Europe later this year.

The new solution will use biometrics including facial recognition and fingerprints, reported Business Reporter.

MasterCard president of enterprise security solutions Ajay Bhalla told Business Reporter: "The future is moving towards biometrics… which we will be launching in Europe this year. The second thing is tokenisation for a number of cards."

The publication said that MasterCard has already been working with Apple Pay to launch a tokenisation system for transactions.

"We believe that by taking all these steps we will make the system more secure. If a card is compromised it is the token which is compromised not the number on the card," Bhalla added.

In November 2014, MasterCard unveiled plans to launch a new authentication standard in partnership with Visa that aims to end the use of passwords in online payments.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International