Mastercard has launched a new technology that makes it possible for customers to carry out transactions by using faces and hands as a form of verification.
The technology that provides retailers with a more innovative option to make payment using fingerprints and face recognition, was launched Tuesday, May 17.
The recent development is a technology innovation that enables users to validate payment easily by showing their faces or palm of their hand.
Officials of Mastercard, said the programme has already gone live in São Paulo, Brazil, and would soon expand globally to other parts of the world.
Mastercard President, Ajay Bhalla, in an interview with CNBC, said “All the research that we’ve done has told us that consumers love biometrics.
“They want making a payment at a store to be as convenient as opening their phone,” he added.
Mastercard was created by an alliance of several regional bankcard associations in response to the BankAmericard issued by Bank of America, which later became the Visa credit card issued by Visa Inc.
Mastercard Inc. is an American multinational financial services corporation headquartered in the Mastercard International Global Headquarters in Purchase, New York. The Global Operations Headquarters is located in O'Fallon, Missouri, a municipality of St. Charles County, Missouri. Mastercard, originally known as Interbank from 1966 to 1969 and Master Charge from 1969 to 1979, was created by an alliance of several regional bankcard associations in response to the BankAmericard issued by Bank of America, which later became the Visa credit card issued by Visa Inc.