Mastercard has announced the release of a Mastercard new payment app called Identity Check Mobile. The Identity Check Mobile is a new payment technology application that uses biometrics, including fingerprint and facial recognition, to verify a cardholder’s identity and simplify online shopping. It was also stated that the BMO Financial Group (BMO) will be the first bank in America and Canada to offer Identity Check Mobile to its corporate customers from the first half of the year.
Steve Pedersen, vice president, head, North American Corporate Card Products at BMO, while speaking on the new development, said “The pilot tested the potential of delivering greater security and convenience using biometric technology. Our goals were to understand the attitudes and perceptions of our participants toward biometrics as an online payment security solution. After using Identity Check Mobile, our programme participants gave strong reviews on biometric security and ease of use, especially as compared with passwords. We are looking forward to bringing this same experience to our clients in 2017,’’
The reasons for the introduction of the new app were given. It involves that the Mastercard Identity Check Mobile minimises the need for passwords, dramatically speeding the digital checkout process while also improving security. A cardholder can verify his/her identity by using the fingerprint scanner or facial recognition technology on his/her smart phone with the Identity Check app.
This new development must be acknowledged because it ensures online payment security. Individuals and Mastercard owners can now transact online with higher security. This development must be welcomed and encouraged.
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