{"id":30190,"date":"2018-01-26T07:37:56","date_gmt":"2018-01-26T12:37:56","guid":{"rendered":"http:\/\/olduvai.ca\/?p=30190"},"modified":"2018-01-26T07:37:56","modified_gmt":"2018-01-26T12:37:56","slug":"mastercard-pushes-biometrics-banks-follow","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=30190","title":{"rendered":"Mastercard Pushes Biometrics, Banks Follow"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"https:\/\/wolfstreet.com\/2018\/01\/25\/mastercard-biometric-authentication-banks-follow\/#comment-121197\">Mastercard Pushes Biometrics, Banks Follow<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<p><strong>Biometric authentication \u201cwill be of great benefit to everyone.\u201d<\/strong><\/p>\n<p>Mastercard has <a href=\"http:\/\/www.computerweekly.com\/news\/252433622\/Mastercard-sets-biometric-ID-deadline-for-banks\" target=\"_blank\" rel=\"noopener\">set a deadline<\/a> for widespread use of biometric identification for its services across the whole of the EU: April 2019. Mastercard Identity Check, currently available in 37 countries, enables individuals to use biometric identifiers, such as fingerprint, facial, and iris recognition, to verify their identities when using a mobile device for online shopping and banking. The technology is not mandatory for customers, but from next year it will be vigorously promoted throughout the EU and many consumers will welcome it.<\/p>\n<p>The impact will be felt not just by consumers but also by most European banks, since any bank that issues or accepts Mastercard payments will have to support identification mechanisms for remote transactions, alongside existing PIN and password verification. The deadline will also apply to all contactless transactions made at terminals with a mobile device.<\/p>\n<p>Citing research it carried out with Oxford University, Mastercard says that 92% of banking professionals want to introduce biometric ID. This high number shouldn\u2019t come as much of a surprise given the vast untapped value consumer data holds for banks and corporations as well the preference most banks have for electronic transactions. The study <a href=\"http:\/\/www.computerweekly.com\/news\/450428775\/Almost-70-of-customers-willing-to-use-fingerprint-biometrics-to-shop\" target=\"_blank\" rel=\"noopener\">also claims<\/a> that 93% of consumers would prefer biometric security to passwords, which <em>is<\/em> a surprise given the array of thorny issues biometrics throws up, including the threat it poses to privacy and anonymity and its deceptively public nature.<\/p>\n<p>\u201cA password is inherently private,\u201d <a href=\"https:\/\/www.wired.com\/2016\/03\/biometrics-coming-along-serious-security-concerns\/\" target=\"_blank\" rel=\"nofollow noopener\">says<\/a> Alvaro Bedoya, Professor of Law at Georgetown University. \u201cThe whole point of a password is that you don\u2019t tell anyone about it. A credit card is inherently private in the sense that you only have one credit card.\u201d<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p><ins class=\"adsbygoogle\" data-ad-client=\"ca-pub-8212587530282873\" data-ad-slot=\"1767955946\"><\/ins><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mastercard Pushes Biometrics, Banks Follow Biometric authentication \u201cwill be of great benefit to everyone.\u201d Mastercard has set a deadline for widespread use of biometric identification for its services across the whole of the EU: April 2019. Mastercard Identity Check, currently available in 37 countries, enables individuals to use biometric identifiers, such as fingerprint, facial, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[63,17365,5660,279,284,290,18152,18153,10723,652,4255],"class_list":["post-30190","post","type-post","status-publish","format-standard","hentry","category-liberty","tag-banks","tag-biometrics","tag-don-quijones","tag-eu","tag-european-union","tag-facial-recognition","tag-fingerprints","tag-iris-recognition","tag-mastercard","tag-privacy","tag-wolfstreet"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30190"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30190\/revisions"}],"predecessor-version":[{"id":30191,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30190\/revisions\/30191"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}