The fingerprint readers promise to do away with the need to input the additional security layer of PIN when swiping at an EMV terminal. That means, users having the Chip-and-PIN cards, will pass through the checkout process faster; they only have to swipe their card, with their fingers over their fingerprint reader. That would be all authentication need to verify the account’s holder.
The other good news is that these new cards work with EMV card terminals that are already in circulation. Hence, merchants will not be required to upgrade to new terminals to facilitate this next gen wireless payment system.
MasterCard says the fingerprint scanner works using the same technology as mobile payment solutions like Apple Pay. Already, the cards are on a test pilot run in South Africa, where trials will continue for the next few months before a full roll out begins some time later in the year.
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