21 February 2018
visit www.nextgenbanking.co.uk/

MasterCard rolls out selfie payments across Europe

04 October 2016  |  36221 views  |  0 facephi

MasterCard is launching its Identity Check Mobile technology in 12 European countries, enabling online shoppers to authenticate themselves through facial recognition and fingerprints.

The new technology means that cardholders can ditch passwords in favour of biometrics. When checking out at a retailer's site or mobile app, shoppers receive a pop-up on their handset, through which they can authorise the payment via finger scan or selfie recognition.

Following trials in the Netherlands, US and Canada, MasterCard is now bringing the system to the the UK, Austria, Belgium, Czech Republic, Denmark, Finland, Germany, Hungary, the Netherlands, Norway, Spain, and Sweden. Other parts of the world will follow in phases next year.

The Dutch trial proved popular with 750 ABN Amro credit card users. More than three quarters of participants said that they wanted to continue using a fingerprint and/or facial recognition to complete payments and some nine out of 10 wanted to replace their password with biometric identification definitively.

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

Ajay Bhalla, president, enterprise risk and security, Mastercard, says: "This is a significant milestone in the evolution of payments. Shopping in person has been revolutionized thanks to advances like contactless cards, mobile payments and wearables, and now we are making Identity Check Mobile a reality for online shopping in Europe, and soon, the world."

Comments: (0)

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

Selfie payments: Marketing stunt or the real deal?

Selfie payments: Marketing stunt or the real deal?

25 May 2016  |  9573 views  |  0 comments | 14 tweets | 27 linkedin
BMO introduces MasterCard selfie payments for corporate cardholders

BMO introduces MasterCard selfie payments for corporate cardholders

23 March 2016  |  13172 views  |  0 comments | 25 tweets | 24 linkedin
Following Dutch thumbs up, MasterCard preps major selfie payments roll out

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

22 February 2016  |  13321 views  |  1 comments | 3 tweets | 2 linkedin
From biometrics to one-time passcodes, MasterCard preps Identity Check suite

From biometrics to one-time passcodes, MasterCard preps Identity Check suite

06 October 2015  |  10105 views  |  0 comments | 12 tweets | 18 linkedin
MasterCard trials selfie payments in the Netherlands and US

MasterCard trials selfie payments in the Netherlands and US

18 August 2015  |  23411 views  |  3 comments | 55 tweets | 46 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsvisit www.ebaday.comVisit www.vasco.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11946 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9715 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
9461 views 10 comments | 22 tweets | 26 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8225 views comments | 13 tweets | 12 linkedin
FCA explores creation of global sandboxFCA explores creation of global sandbox
7477 views comments | 19 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job