MasterCard And Zwipe Unveil Credit Card With Fingerprint Scanner — forbes.com

MasterCard MasterCard partnered with Zwipe to create the world’s first credit card that combines biometric authentication and contactless payment technology. Financial institution Sparebanken DIN of Norway conducted a live pilot of the Zwipe MasterCard over the last few months. For security purposes, the fingerprints of the user are stored in the Zwipe MasterCard instead of an external database. The biometric authentication technology built into the Zwipe MasterCard replaces the traditional PIN entry, which means that cardholders can make payments of any amount rather than a prepaid amount. Setting up your fingerprint on the card requires an initial scan as part of the setup. Your fingerprint is used to authenticate each transaction at a payment terminal. The near field communication (NFC) support integrated in the Zwipe MasterCard lets you wave it at compatible terminals instead of having to swipe it.

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