{"id":29,"date":"2017-12-18T08:15:36","date_gmt":"2017-12-18T08:15:36","guid":{"rendered":"https:\/\/cryptorepublic.app\/?p=29"},"modified":"2017-12-18T08:15:36","modified_gmt":"2017-12-18T08:15:36","slug":"mastercard-pushes-biometrics-banks-follow","status":"publish","type":"post","link":"https:\/\/cryptorepublic.app\/?p=29","title":{"rendered":"Mastercard Pushes Biometrics, Banks Follow"},"content":{"rendered":"

[vc_row][vc_column][tm_heading tag=\u00bbh5″ custom_google_font=\u00bb\u00bb google_fonts=\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700″ font_weight=\u00bb600″ text=\u00bbMastercard has set a deadline for widespread use of biometric identification for its services across the whole of the EU: April 2019.\u00bb line_height=\u00bb1.4″][tm_spacer size=\u00bblg:25″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbMastercard 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.\u00bb][tm_spacer size=\u00bblg:63″][vc_row_inner][vc_column_inner width=\u00bb3\/12″][tm_image image=\u00bb875″][tm_spacer size=\u00bbsm:30″][\/vc_column_inner][vc_column_inner width=\u00bb9\/12″][tm_heading tag=\u00bbh5″ custom_google_font=\u00bb\u00bb font_weight=\u00bb600″ text=\u00bbUse psychological pricing methods.\u00bb line_height=\u00bb1.4″][tm_spacer size=\u00bblg:23″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbThe 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.\u00bb][tm_spacer size=\u00bbxs:30;lg:35″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbCiting 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. \u00ab][\/vc_column_inner][\/vc_row_inner][tm_spacer size=\u00bbxs:30;lg:52″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbThe study also claims that 93% of consumers would prefer biometric security to passwords, which is 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.\u00bb][tm_spacer size=\u00bbxs:30;lg:68″][vc_row_inner][vc_column_inner offset=\u00bbvc_col-md-6″][tm_heading tag=\u00bbh5″ custom_google_font=\u00bb\u00bb font_weight=\u00bb600″ text=\u00bbDemonstrate the differences\u00bb line_height=\u00bb1.4″][tm_spacer size=\u00bblg:23″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bb\u201cA password is inherently private,\u201d says 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\u00bb][tm_spacer size=\u00bbsm:30;lg:68″][tm_heading tag=\u00bbh5″ custom_google_font=\u00bb\u00bb font_weight=\u00bb600″ text=\u00bbOffer a money-back guarantee\u00bb line_height=\u00bb1.4″][tm_spacer size=\u00bblg:23″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbThe prophets dislike nuclear on prudential grounds. You know, it\u2019s too expensive, there\u2019s a waste problem, there\u2019s a risk of accidental meltdown. On a deeper level, they just don\u2019t like the idea of giant corporate structures controlling something as powerful as energy. \u00ab][tm_spacer size=\u00bbsm:30;lg:68″][tm_heading tag=\u00bbh5″ custom_google_font=\u00bb\u00bb font_weight=\u00bb600″ text=\u00bbTest your offer and price, and be creative.\u00bb line_height=\u00bb1.4″][tm_spacer size=\u00bblg:23″][tm_heading tag=\u00bbdiv\u00bb custom_google_font=\u00bb\u00bb text=\u00bbThey are deeply attracted to this idea of self-reliant, smaller scale, more democratic communities in control of their own energy. I have to say this is something that\u2019s really appealing to me. I\u2019m talking to you from a small town with a house with a big solar array on the roof.\u00bb][\/vc_column_inner][vc_column_inner offset=\u00bbvc_col-md-6″][tm_spacer size=\u00bbsm:40″][tm_image full_wide=\u00bb1″ image=\u00bb876″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Mastercard has set a deadline for widespread use of biometric identification for its services across the whole of the EU: April 2019.<\/p>\n","protected":false},"author":1,"featured_media":31,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[26,28],"class_list":["post-29","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-plans","tag-classic","tag-industry"],"views":213,"_links":{"self":[{"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=\/wp\/v2\/posts\/29","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29"}],"version-history":[{"count":0,"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=\/wp\/v2\/posts\/29\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=\/wp\/v2\/media\/31"}],"wp:attachment":[{"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptorepublic.app\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}