Mastercard finally launches the credit card that will make pin codes unnecessary. The owner recognizes the plastic card by his fingers.
All you have to do is simply hold this newly developed credit card when you slide it into a payment terminal.
The card issuer then inserts a matching template into a sensor on the card
For this you must send a fingerprint when applying for and registering the credit card. The card issuer then inserts a matching template into a sensor on the card.
When paying, place your thumb on that sensor ( the black square at the top right of the image ).
In shops and restaurants you are then the only one who can pay with the pass. It is no longer necessary to enter a pin code.
First specimens in South Africa
Mastercard has been working on this technology for years, and it is now finally ready for launch. A start is being made in South Africa, where a test has been done in a large supermarket chain.
Also in Europe a trial will start within a few months, says Mastercard. The credit card company expects a full launch this year.
No more pin code required
Entering the pin code when paying with a credit card has already become partly superfluous since the introduction of contactless payment.
However, fingerprint technology is something completely different and intended for all payments, even above 25 euros.
You have to put the new card in the payment machine, just like you do now. The terminal will then immediately approve the transaction before you would normally enter the code. The owner recognizes the plastic card by his fingers.
The new credit cards do not get fatter than the current ones. Payment terminals also do not need to be adjusted. The biometric credit card works on the current system.