One method of authentication increasing in popularity is biometric fingerprint-enabled credit/debit cards. 💳
MasterCard💳 has teamed up with an identity solutions firm and a financial technologies⚙️ firm to create a card that doesn’t require a pin number or a signature, but rather the fingerprint of the owner. These cards will be slowly rolled out in Q4 of this year.
As Aimee Chanthadavong describes in her piece for ZDNet, all of the fingerprint data from the user will be stored on the cards themselves rather than a central database. MasterCard says this is all in an effort to create the most secure transactions possible.
In the past, I’ve talked about the movement towards fingerprints and biometrics as a way to eliminate passwords and increase security for enterprises. I think this technology will also be perfect in the consumer realm.
Just as bad actors will try and hack traditional passwords in businesses, they will also use card skimmers to scan your 💳card when you are out shopping.
Biometrics are unique to you and you alone, making them the perfect way to keep your information secure.