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.
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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.
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