First Tech FCU to introduce biometric protection following positive trial results
19 February 2016 | 2981 views | 0
This past fall, First Tech Federal Credit Union, the nation’s leading credit union serving employees and family members of America’s technology sector, in cooperation with MasterCard, was one of two global partners to help MasterCard test biometrics payment authentication using the MasterCard Identity Check™ mobile app.
Through the app, First Tech employees verified the authenticity of online donations made to Children’s Miracle Network Hospitals using either facial recognition or fingerprint matching biometrics. At the conclusion of the pilot, participants were asked their opinions on the technology and how easy it was to use:
Overall, participants found that biometric authentication was overwhelmingly easy to use on its own (88%) and a clear majority found it even easier than password-based authentication (86%).
Speaking to its convenience and ease of use, more than 90% of participants said that biometric payment authentication is something they could see themselves using on a daily basis.
First Tech was pleased with the results of this initial pilot and plans to launch a market-ready implementation of the MasterCard Identity Check mobile app once it is made available in the latter half of 2016.