Mastercard introduces card with built-in fingerprint scanner

Mastercard has unveiled a new card that comes with a fingerprint scanner, allowing consumers to make purchases without the card ever leaving their hands. It builds on fingerprint scanning technology currently available in smartphones, and can be used at EMV terminals worldwide, the company says. The technology was tested in South Africa, in two separate trials. One was with Pick n Pay, while the other one was Absa Bank, a subsidiary of Barclays Africa. The process is simple. You go to your financial institution and enroll for the card. Once registered, your fingerprint is converted into an encrypted digital template… [Continue Reading]