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New technologies break into the world of bank cards

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New technologies break into the world of bank cards
April 20
10:00 2017

BBC reports that MasterCard is launching bank cards that allow payments by scanning a fingerprint. The novelty was tested in South Africa. The technological novelty proved its viability during the trial period.

The significance of the card is that in order to make payment it is necessary to put a finger to the touch window on the card.

The BBC conducted a survey among the experts in digital security. Many of them agreed that the technology would not be able to provide a 100% guarantee of the payment security.

Ajay Bhalla, President, Enterprise Safety and Security at MasterCard claims that the biometric novelty will provide its owner with a greater level of convenience and security.

However, independent security experts do not share MasterCard’s optimism. According to them, it is quite simple to copy a fingerprint if you have any surface touched by the owner of the innovative card. Time will tell if the novelty takes root. In any case, the production of new generation cards is more expensive in comparison with the classical bank card. Therefore, the increased value should be justified by a higher level of comfort and safety.

 

The material was prepared with the participation of  Vladimir Haritonov,
a leading analyst of the brokerage company VOSPARI.

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