Mastercard will launch its biometric identity verification system across North America in the first half of 2017, with Canadian bank BMO Financial Group the first to offer the service to its corporate customers. Identity Check Mobile was soft launched earlier this year, and uses fingerprint and facial recognition to verify a cardholder’s identity. “Moving this technology beyond the pilot phase is a significant milestone in the evolution of payments,” says Ajay Bhalla from Mastercard. The service was rolled out in 12 European countries earlier this month.
- ANZ lets customers use smartphones and smartwatches to withdraw cash from ATMs across Australia
- Ithmaar Bank to let Bahraini consumers withdraw cash from ATMs with just their fingerprint and a PIN
- LG to pilot blockchain carrier billing system for international mobile payments in stores
- Digital currency pioneer David Chaum launches high speed blockchain for payments
- Beijing to pilot face recognition payments at railway ticketing barriers