MasterCard: Biometric Corporate Card Program is now also available in Germany

7. October 2016

A new biometric corporate credit card programm, called Identity Check Mobile, has been released by BMO Financial Group (BMO) and MasterCard in Canada and in the U.S. at the beginning of the year.

This programm enables cardholders to verify their transactions by using facial recognition and fingerprint biometrics in case they purchase online.

Introducing this verification process will increase security when purchasing without a face-to-face interaction so that the possibility of a card being used by anyone who is not the cardholder will be reduced.

Steve Pedersen, Vice President, Head, North American Corporate Card Products, BMO Financial Group commented on the programm by saying “The use of biometric technology has become more common for consumers looking for convenient and secure ways to make purchases using their smartphones, so this was the natural next step for us as innovators in the payment security space” he continued  “Mitigating the risk of fraud is always our top priority, and the inclusion of this technology is going to make payment authentication easier, and strengthen the security of the entire payments ecosystem.”

MasterCard just published that starting from the 4th Octobre 2016 this form of payment is also available in Germany.