Question: What have Mastercard recently confirmed has a form of ID when making online payments?
Answer: Selfies and fingerprints – Both of these methods will be used as alternative passwords.
Recently credit card company, Mastercard, confirmed that they would accept selfies (a photo taken by someone of themselves) and fingerprints as forms of passwords when confirming IDs for online payments.
The announcement came after a trial of the software was carried out in the US and Netherlands last year. Mastercard told the BBC, that 92% of the test subjects preferred the new system to typing in passwords. One expert suggested that such biometric checks, can have the potential to cut fraud.
Mastercard made the announcement at the Mobile World Congress tech show in Barcelona, saying they would roll the system out in places such as: the UK, US, Canada, Spain, Italy and Sweden. They also went onto explain that members of the public would need to download an app to their PC, tablet or mobile device in order to use the new system.
Once customers make a purchase, they will need to enter their card details as normal. However, if further confirmation checks are required, they will be asked to look at their phone’s camera or use its fingerprint sensor. This will then remove the need to type in a normal password of letters and numbers.
“Consumers hate passwords” declared Ajay Bhalla, chief of Mastercard’s security team. “We know the most commonly used password is 123456, so they are not secure and people also use the same passwords for multiple sites. In the modern worlds everyone has a mobile phone and there is internet connectivity everywhere. So we should be able to use biometrics to authenticate ourselves.”
Personally, I think this is a good idea and can surely protect more and more people from being victims of fraud. If it is a safer and more reliable way of cutting fraud, then I’m all for it. Maybe more credit card companies and banks could follow the same path and use biometrics as a form of identification.
So what do you think? Is biometric ID the future or should we continue to use normal passwords?