Coinspeaker
News
  • Business
    • Deals
    • Investors
    • IPO
    • Startups
    • Wall Street
  • Markets
    • Bonds
    • Commodities & Futures
    • Currencies
    • Funds & ETFs
    • Indices
    • Stocks
  • Crypto
    • Blockchain
    • Bitcoin
    • Binance
    • Ethereum
    • XRP
    • Altcoins
    • Token Sales
  • Technology
    • Artificial Intelligence
    • Big Data
    • Cloud Computing
    • Cybersecurity
    • Gaming
    • Internet of Things
    • Mobile
    • Social Media
    • Transportation
    • VR and AR
  • FinTech
  • Personal Finance
  • Topics
  • Work It
  • Press Releases
Guides
  • Investing
    • Bonds Guides
    • Commodities & Futures Guides
    • Currencies Guides
    • Funds & ETFs Guides
    • Indices Guides
    • Stocks Guides
    • Forex Guides
  • Crypto
    • Altcoins Guides
    • Bitcoin Guides
    • Ethereum Guides
    • XRP Guides
    • Blockchain Guides
    • Token Sales Guides
  • FinTech
  • Tech
  • Glossary
Tools
  • Coins
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • XRP (XRP)
    • Tether (TUSD)
    • EOS (EOS)
    • Binance (BNB)
    • Litecoin (LTC)
    • Tron (TRX)
  • Token Sales
    • ICO List
    • STO List
    • IEO List
  • Organizations
  • Persons
  • Events
COMPANY
  • About
  • Contact
  • Advertise
  • Partners
  • Careers
  • Privacy Policy
  • Terms and Conditions
Social
  • Facebook
  • Twitter
  • Telegram
  • LinkedIn
  • RSS Feed

© 2023 MDD Group FZE LLC ALL RIGHTS RESERVED.

About Contact Advertise
Coinspeaker
  • Business
    • Deals
    • Investors
    • IPO
    • Startups
    • Wall Street
  • Markets
    • Bonds
    • Commodities & Futures
    • Currencies
    • Funds & ETFs
    • Indices
    • Stocks
  • Crypto
    • Altcoins News
    • Bitcoin News
    • Blockchain News
    • Binance News
    • Ethereum News
    • Token Sales News
    • XRP News
  • Technology
    • Artificial Intelligence
    • Big Data
    • Cloud Computing
    • Cybersecurity
    • Gaming
    • Internet of Things
    • Mobile
    • Social Media
    • Transportation
    • VR & AR
  • FinTech
  • Personal finance
  • Guides
    • Crypto
    • FinTech
    • Investing
    • Personal Finance Guides
    • Technology
  • Tools
    • Coins
    • ICO List
    • IEO List
    • STO List
    • Organizations
    • Persons
    • Events
Bitcoin (BTC)
1 BTC = ... USD
    US Dollar (USD)
    1 USD = ... BTC
      1 BTC = ... USD
      Go to the converter page

      Mastercard’s Biometric Authentication App ‘Selfie Pay’ Comes to Europe [Infographic]

      Oct 6 2016 · 04:19 UTC | Updated Sep 3 2017 · 15:44
      by Polina Chernykh · 3 min read

      The world’s leading payments company has announced the launch of its Identity Check Mobile service in European countries to allow customers pay with a fingerprint or selfie.

      Mastercard has announced the rollout of its biometric authentication app in Europe, following successful trials in the US, Canada, and the Netherlands. First introduced at the Mobile World Congress tech show in February, Mastercard selfie pay allows users to confirm payments with their face.

      The app was launched in 12 countries, including Austria, the UK, Belgium, the Czech Republic, Denmark, Finland, Germany, Hungary, the Netherlands, Norway, Spain, and Sweden. Mastercard plans to make the feature available to its customers worldwide next year.

      The company expects the technology will help to increase the volume of purchases and enhance security of payments. With Mastercard selfie pay, users won’t be required to enter their password or pin, which can be lost or stolen. Besides, it is likely to simplify online payments, as on average people have to enter passwords for different accounts a few times a day.

      “We are relentlessly focused on making the online payment experience near frictionless, without making any compromises on safety and security,” said Ajay Bhalla, president of Enterprise Risk & Security at Mastercard.

      “This is a significant milestone in the evolution of payments. Shopping in person has been revolutionised thanks to advances like contactless cards, mobile payments and wearables, and now we are making Identity Check Mobile a reality for online shopping in Europe, and soon, the world.”

      To use Mastercard selfie pay, you have to download the app and take a photo, which then be stored on the company’s servers and used when you want to complete a transaction. In order to avoid the possibility of fraud, the service will ask you to blink before completing the payment.

      Earlier this year, Mastercard launched the first worldwide pilot together with International Card Services (ICS) and found out that 9 out of 10 participants prefer payments with biometric identification instead of using a password. About 75% of users are convinced that biometric payments will reduce the risk of fraud.

      Authentication of payments via biometrics has been in use since the launch of Apple Pay fingerprint recognition feature for iPhones and the Apple Watch. Apple Pay is currently the leading app within the contactless payment market. This July, the company’s CEO Tim Cook unveiled that the number of monthly users rose more than 450% from the previous year.

      Last month, Mastercard partnered with an e-commerce payments provider Stripe to enable marketplaces send instant payouts to sellers. Businesses will be able to send money to customers via Mastercard Send, a personal payments platform allowing people to quickly transfer funds.

      Mastercard’s Biometric Authentication App ‘Selfie Pay’ Comes to Europe [Infographic]
      Polina Chernykh
      Author Polina Chernykh

      Polina is an undergraduate student at Belarusian State Economic University (BSEU) where she is studying at the faculty of International Business Communication for a degree specializing in Intercultural Communication. In her spare time she enjoys drawing, music and travelling.

      Share:
      Created with Sketch.
      Subscribe to our telegram channel. Join

      Related Articles

      By Benjamin Godfrey March 21st, 2023
      Altcoin News, Blockchain News, Cryptocurrency news, FinTech News, News Mastercard Partners Australian Fintech Stables to Enable Stablecoin Payment
      By Benjamin Godfrey March 21st, 2023

      The collaboration between both entities to enhance USDC payment might attract some forms of skepticism owing to the Fear, Uncertainty, and Doubt (FUD) surrounding Circle, USDC, and the exposure to the three US banks that collapsed in the past week.

      By Sanaa Sharma March 15th, 2023
      Blockchain News, Cryptocurrency news, News Coinbase Launches Local Bank Transfers for Singapore Users at Zero Cost
      By Sanaa Sharma March 15th, 2023

      Coinbase has integrated Singpass, making it more convenient for customers to sign up on the exchange.

      By Tolu Ajiboye March 6th, 2023
      Business News, Cryptocurrency news, Deals News, News Bybit Partners Mastercard to Provide Crypto Card Payments in Select Regions
      By Tolu Ajiboye March 6th, 2023

      Crypto exchange Bybit has partnered with leading payment processor Mastercard to launch a debit card that facilitates crypto payments.

      Top Cryptocurrencies
      • Bitcoin Icon Bitcoin BTC $27 721 -2.10%
      • Ethereum Icon Ethereum ETH $1 766 -2.75%
      • BNB Icon BNB BNB $326 -0.74%
      • XRP Icon XRP XRP $0.44 0.40%
      • Cardano Icon Cardano ADA $0.36 -1.26%
      View All
      Top news
      Crypto Market Bounces Back despite Fed Rate Hike and SEC Warnings
      Crypto Market Bounces Back despite Fed Rate Hike and SEC Warnings

      March 24th, 2023

      Bitcoin (BTC) Could Touch New All-Time High of $100,000 This Year
      Bitcoin (BTC) Could Touch New All-Time High of $100,000 This Year

      March 23rd, 2023

      Swiss National Bank Raises Interest Rate by 50 Basis Points amid Banking Crisis
      Swiss National Bank Raises Interest Rate by 50 Basis Points amid Banking Crisis

      March 23rd, 2023

      SEC Issues Enforcement Action Notice to Coinbase over Potential Violations of Securities Law
      SEC Issues Enforcement Action Notice to Coinbase over Potential Violations of Securities Law

      March 23rd, 2023

      SEC Sues Justin Sun and Eight Celebrities on Securities over Crypto Violations
      SEC Sues Justin Sun and Eight Celebrities on Securities over Crypto Violations

      March 23rd, 2023

      News
      • Business
      • Markets
      • Crypto
      • Blockchain
      • FinTech
      • Technology
      Featured Sections
      • Coins
      • IEO List
      • STO List
      • ICO List
      • Organizations
      • Persons
      • Events
      • Guides
      • Glossary
      Featured Links
      • Story of the day
      • Editor's Choice
      • Videos
      • Infographics
      • Work It
      • Press Releases
      Guides
      • Crypto
      • Investing
      • Financial technology
      • Tech
      • Glossary
      Connect with us
      • Facebook
      • Twitter
      • Telegram
      • LinkedIn
      • Pinterest
      • RSS Feed
      About us
      • About
      • Contact
      • Careers
      • Advertise
      • Partners
      • Sitemap
      • Privacy Policy
      • Terms and Conditions

      Copyright © 2023 MDD Group FZE LLC All rights reserved.

      Reproduction in whole or in part in any form or medium without express written permission of MDD Group FZE LLC is prohibited.