• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Mastercard in Talks with UK Banks Over Biometric Cards

July 10, 2018

Mastercard in Talks with UK Banks Over Biometric CardsMastercard is now in talks with banks in the UK over the launch of its biometric payment cards in the country, according to a CNBC report.

The negotiations are not unexpected. Mastercard has been working with major players in the biometrics and smart cards industries to develop this technology for some time now, and one of its partners, IDEX, was proclaiming the success of its first European trial of biometric credit cards as early as last August. And last week, Mastercard issued a statement highlighting its biometric payment card’s compliance with PSD2, a payments regulation applying to the European Union.

As CNBC reports, the PSD2 regulations require that consumers verify their identity for every five contactless transactions. The biometric payment card concept thus offers a compelling solution: Its fingerprint sensor is designed to perform a biometric scan as the user holds it over a contactless payment terminal, ensuring that the ease of tap-and-go payments is maintained while the customer’s identity is confirmed.

Mastercard has confirmed its negotiations with banks over the biometric card solution, but it hasn’t offered any further details concerning things like a potential timeline for its rollout. But with its rival Visa and other financial services players rushing to deliver their own biometric cards to market, it’s fair to expect more developments to arrive quickly.

Source: CNBC

–

July 10, 2018 – by Alex Perala

Related News

  • Financial Biometrics Month: Payment Cards On the TableFinancial Biometrics Month: Payment Cards On the Table
  • Thales Brings Biometric Payment Cards to PolandThales Brings Biometric Payment Cards to Poland
  • Zwipe Finds Validation in IDEMIA’s Visa and Mastercard CertificationsZwipe Finds Validation in IDEMIA’s Visa and Mastercard Certifications
  • IDEX Biometrics Receives Major Sensor Order From Identity Giant Amid Mastercard and Visa CertificationsIDEX Biometrics Receives Major Sensor Order From Identity Giant Amid Mastercard and Visa Certifications
  • Samsung and Mastercard Unveil New Biometric Payment CardSamsung and Mastercard Unveil New Biometric Payment Card
  • Mastercard Launches Biometric Payment Card in AsiaMastercard Launches Biometric Payment Card in Asia

Filed Under: News Tagged With: Biometric, biometric credit cards, biometric payment cards, biometrics, fingerprint authentication, fingerprint recognition, FinTech, IDEX, MasterCard, PSD2

Primary Sidebar

Want To Deploy Biometric Access? Download This First:

The resources in this bundle will give you the know-how to choose the right biometric access for your organization.

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • FaceTec Ups the Ante, Triples Spoof Bounty Prize to $600,000
  • Veridos Acquires Serbia-based Identity Management Specialist NetSeT
  • FindBiometrics and Acuity Market Intelligence to Unveil Biometric Digital Identity Prism at Feb 15 Virtual Event
  • Facial Recognition in Policing, COVID Screening, and Consumer Tech: Identity News Digest
  • Police Biometrics, a Data Breach, and Card-focused Partnerships – Identity News Digest

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics