Mastercard announces Biometric payments to launch in 2016

Muenster, Germany - April 9, 2011: A close up macro shot of a Mastercard credit card. Mastercard is one of the biggest credit card companies in the world.

After widespread whispering amongst the tech community, MasterCard has announced that it will be launching biometric payments for UK customers this summer. This will take payment processing into the realms of sci-fi, allowing customers to pay online using a fingerprint or by taking a selfie.

“The UK is one of the most sophisticated markets for payments technology in the world” said a spokesperson for the American multinational financial services corporation. “British consumers are incredibly tech savvy and love their mobiles and using contactless. Couple that with the infrastructure and the UK offers the perfect environment. If you look at Apple Pay for instance, it’s no coincidence that it came to the UK first after its native market launch”.

The news comes as interest in the space continues to hot-up, with both HSBC and First Direct announcing their new voice biometric security tech just last week. Durham-based start-up Atom Bank, the digital-only bank, has also joined the biometric race – announcing plans to launch new tech this year.

 

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