22 February 2017
visit dh.com

Following Dutch thumbs up, MasterCard preps major selfie payments roll out

22 February 2016  |  12040 views  |  1 facephi

As MasterCard prepares to bring facial recognition payment services to the UK, US and Canada, research shows that the Dutch prefer selfies to passwords for online shopping authentication.

A recently completed six month pilot that saw 750 ABN Amro credit card users ditch passwords, PINs and confirmation codes and instead pay online through fingerprint and facial recognition has proved a hit, MasterCard claims.

More than three quarters of participants say that they want to continue using a fingerprint and/or facial recognition to complete payments and some nine out of 10 would like to replace their password with biometric identification definitively.

The reasons for the enthusiastic response are convenience and security. Of those surveyed, 95% of the fingerprint users and 80% of the facial recognition users indicate that shopping became more convenient, while almost 75% expect that biometric payments will decrease fraud.

MasterCard, which has also piloted the technology in the US, is now ready to roll out selfie and fingerprint payments in America, Canada and a host of European countries, including the UK, this summer. Testing is also underway on voice and iris scanning authentication.

Arjan Bol, country manager, MasterCard Netherlands, says: "We are now examining the possibilities to integrate our technology in the banking and tech giants’ apps to make payment using a selfie or fingerprint even easier."

Comments: (1)

Stefan Sulistyo
Stefan Sulistyo - Alyne - Munich | 23 February, 2016, 17:44

Holy cow, I sure hope this is more secure than the Android Face Unlock feature. That one can be duped by just taking a photo of the owner and holding it in front of the camera.

1 thumb up! 1 thumb up! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ABN Amro invites customers to sign up with a selfie

ABN Amro invites customers to sign up with a selfie

07 December 2015  |  9475 views  |  1 comments | 18 tweets | 34 linkedin
Lucova brings selfie payments to college campus

Lucova brings selfie payments to college campus

12 November 2015  |  5827 views  |  1 comments | 17 tweets | 11 linkedin
MasterCard trials selfie payments in the Netherlands and US

MasterCard trials selfie payments in the Netherlands and US

18 August 2015  |  22420 views  |  3 comments | 55 tweets | 46 linkedin
Alibaba unveils 'smile-to-pay' tech

Alibaba unveils 'smile-to-pay' tech

16 March 2015  |  15870 views  |  4 comments | 26 tweets | 23 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextravisit dh.comvisit dh.com

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
18016 views 11 comments | 54 tweets | 89 linkedin
Jaguar embeds payments into digital dashboardJaguar embeds payments into digital dashbo...
10422 views comments | 49 tweets | 59 linkedin
Nesta launches £5 million Open API challengeNesta launches £5 million Open API ch...
10407 views comments | 21 tweets | 19 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
8479 views comments | 17 tweets | 15 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
6795 views comments | 35 tweets | 32 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job