Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Consumers can skip the trip to a bank branch and simply register their fingerprint at home
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Mastercard today unveiled a technology advancement for its biometric cards. With biometrics representing the next generation in securing payments, Mastercard developed a way for people to easily and conveniently register their fingerprint onto the biometric card in the comfort of their home.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180501006241/en/
Bob Reany, executive vice president of identity solutions at Mastercard, unveils techonlogy advancement that allows people to register their fingerprint onto their biometric card from the comfort of their home. (Photo: Business Wire)
Mastercard is on a mission to eliminate the use of passwords and recognize people by "what they are" instead of "what they know" through biometrics like fingerprints, facial recognition and iris scans. Advances in technology are making biometric payment a reality, and through significant research and development, a revolutionary battery-powered sleeve will now let people self-enroll their contact or contactless biometric card. Their fingerprint is scanned by the sensor on the card and an encrypted digital template is created and securely stored.
"Making life safer and simpler for consumers is the cornerstone of our efforts around biometrics and comes through the use of some incredibly sophisticated technology," said Bob Reany, executive vice president of identity solutions at Mastercard. "People love the security our biometric card delivers because we put their needs first. The card draws power from the payment terminal so it can be used anywhere, we use a flexible biometric scanner so it's more durable, and now we have a sleeve to register fingerprints so people don't have to make a trip to a bank branch."
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Simplifying the registration process will help speed adoption of biometrics by issuers and consumers alike. The solution is a cost-effective way for issuers to deliver biometric cards at scale without requiring additional infrastructure in branches. With the biometric card, consumers get a secure experience they love and can use at any EMV terminal either by contact or contactless payment. Issuers benefit from improved fraud detection and prevention, approval rates and customer loyalty. And, for merchants, the biometric card works with existing EMV card terminals so there is no additional cost or burden.
In 2017, Mastercard was the first to introduce biometric cards that combine chip technology with fingerprints to securely verify the cardholder's identity for in-store purposes – all without requiring an internal battery. When shopping and paying in-store, the biometric card works like any other card at EMV card terminals globally. The cardholder simply places their finger on the embedded sensor and either dips or taps the card as normal. Powered by the terminal itself, the fingerprint is verified against the template and – if the biometrics match – the transaction can then be approved with the card never leaving the consumer's hand.
About Mastercard
Mastercard (NYSE:MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180501006241/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.