Finger­print

CityPress - - Business -

In a global first, Master­card has an­nounced a nextgen­er­a­tion bio­met­ric card that com­bines chip tech­nol­ogy with fin­ger­prints to ver­ify a card­holder’s iden­tity for in-store pur­chases.

South Africa is the first mar­ket to test the new tech­nol­ogy, with two sep­a­rate tri­als re­cently con­cluded. Em­ploy­ees from Pick n Pay and Absa Bank tested the cards, and the po­ten­tial ways con­ve­nience and se­cu­rity could contribute to the check­out process.

Over the next few months, ad­di­tional tri­als will be con­ducted and Master­card ex­pects a full roll-out later this year. The new card builds on finger­print-scan­ning tech­nol­ogy used for mo­bile pay­ments and can be used at pay points world­wide.

Although the tech­nol­ogy will be avail­able to all fi­nan­cial in­sti­tu­tions that is­sue Master­card cards, Absa was in­volved in the trial phase and Ge­off Lee, head of card and pay­ments at Absa Re­tail and Busi­ness Banking, con­firmed the bank would roll it out to its cus­tomers sub­ject to successful test­ing. “Fol­low­ing the test pe­riod, we will make it avail­able to our cus­tomers in a way that is af­ford­able, reli­able, convenient, and – most im­por­tantly – se­cure,” said Lee. So, how does it work? A card­holder en­rols their card by sim­ply reg­is­ter­ing with their fi­nan­cial in­sti­tu­tion. Upon reg­is­tra­tion, their finger­print is con­verted into an en­crypted dig­i­tal tem­plate that is stored on the card. The card is now ready to be used at any card ter­mi­nal glob­ally.

When shopping and pay­ing in-store, the bio­met­ric card works like any other chip card.

The card­holder sim­ply dips the card into a re­tailer’s ter­mi­nal while plac­ing their fin­ger on the em­bed­ded sen­sor. The finger­print is ver­i­fied against the tem­plate and – if the bio­met­rics match – the card­holder is suc­cess­fully au­then­ti­cated and the trans­ac­tion can then be ap­proved with the card never leav­ing the con­sumer’s hand.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.