⚡Mastercard will simplify the implementation of biometric authentication

⚡Mastercard will simplify the implementation of biometric authentication

The new service from the payment industry giant uses biometric data, including fingerprints, iris scanning, and facial recognition. Mastercard claims that this solution enhances security while reducing operational costs for merchants and financial institutions.

▶️ The protocol complies with Fast Identity Online (FIDO) standards. This means that the product contains an encrypted key pair that will be stored on personal devices, and access can only be unlocked through the user's unique biometric data.

▶️ The service can also be used with tokenization to protect payment data. Password-based security applications can be used for new accounts, open banking scenarios, and other purposes.

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