Mastercard Launches a Credit Card with a Fingerprint Sensor to Fight Fraud
Mastercard's latest invention is a new credit card with an integrated fingerprint sensor, which aims to fight in-store fraud. The card, currently under trial in South Africa, includes sensor embedded in plastic of the credit card, allowing customers to authorize a payment with a fingerprint, rather than a PIN code. Mastercard said Thursday that the new biometric credit card will work on existing chip-and-PIN readers and won't require store owners and businesses to buy any new hardware; though older magnetic stripe-only terminals will not be compatible. Ajay Bhalla, Mastercard's security chief, said the fingerprint sensor will "deliver additional convenience and security," and that a fingerprint is "not something that can be taken or replicated." Mastercard said that its trial will expand to Europe and the Asia-Pacific region in the coming months, and a global rollout is expected by the end of the year.