Mastercard in talks with UK banks to trial fingerprint-scanning cards

Mastercard is exploring the possibility of trialling its fingerprint-scanning cards in the UK, as the second Payment Services Directive (PSD2) tackles financial fraud head on.

The biometric cards are currently on trial in South Africa, and they combine chip technology with a fingerprint scanner on the card’s corner to verify the cardholder’s identity when making purchases in-store or online.

A Mastercard spokesperson said that it is in talks with all of its UK banking partners to see if those trials can expand to the UK soon, and while nothing is expected immediately, the card issuer said that “we’re ready for a pilot and we’d love one”.

Once PSD2 has been implemented, Mastercard predicted that one in four web sales will require two-factor identity authentication to complete a transaction, a huge increase over the current 2 per cent of transactions.

    Share Story:

Recent Stories


Mortgage Insider Episode 5: Surviving Ups And Downs In The Industry
Barclays brings you the Mortgage Insider podcast to help make sense of this extraordinary time. Presenters Claire MacPhail and Tony Rimmer talk to industry figures about the fast-changing market

Exploring EARTH
Adam Cadle speaks to Edward Lees, Co-head of environmental strategies group, BNP Paribas Asset Management, about the investment opportunity for the coming decades: the environment.

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.