Mastercard To Embed Fingerprint Reader On Their Debit And Credit Cards

In order to enhance security and minimize administration costs, many businesses outsource their ID printing requirements to the experts that have a more advanced plastic card printer. Aside from identification cards, businesses frequently require printing of visitor’s pass for events while financial institutions need secured printing services for their debit and credit cards.

Payments in stores that accept contactless payments have never been quicker, easier and more private than with Apple Pay. In a move intended to make physical payment cards relevant in the age of Apple Pay, Mastercard has started to undertake pilot trials of their credit and debit cards that are embedded with a fingerprint card reader.

According to Mastercard, the cards do not require power because power is drawn from existing terminals. Neither do the cards require hardware or software modifications to use the technology. A consumer does not need a PIN, signature or new payment terminal. The debit or credit cards are just as thin as existing plastic cards.

However, it appears that the Mastercard plastic debit and credit cards with fingerprint readers do not offer the same level of efficiency or security as Apple Pay. Cardholders are required to visit their bank so that their fingerprint can be read after which the card company will program an encrypted version of the fingerprint data into the chip contained in the plastic card.

With Apple Pay, there is no outside party that will be able to access fingerprint data not even their operating system. In Apple Pay, when the Touch ID is used, a query will be sent by iOS to the Secure Enclave which will check the legitimacy of the fingerprint before it sends a YES or NO response.

On the other hand, Mastercard is working on a contactless version of their cards. The first version requires the debit or credit card to be inserted into a card reader. Zwipe, a Norwegian company is working on the technology since 2014, the year when Apple Pay was launched. After South Africa, Mastercard will hold further trials in Europe and Asia with an expected launch in the US early next year.