Mastercard Use Biometrics for Payments
Mastercard to roll out biometrics identity authentication globally.
23:26 17 June 2021
Mastercard has partnered with FinGo, a Manchester-based fintech firm, for a scheme that will see the credit card firm roll out biometrics identify authentication globally.
As part of the project, FinGo will be granted access to the white-labelled Mastercard Payment Gateway Services (MPGS) to help the firm grow its services globally. FinGo's technology is designed to scan people's unique finger vein patterns to verify users' identities. It is currently being used by various firms for their membership and loyalty schemes.
Simon Binns, FinGo’s Chief Commercial Officer, said:“ Our partnership with MPGS will allow us to bring biometric payments to a much wider global audience and accelerate our expansion particularly within MENA, which is one of our key strategic regions,”
“With MPGS integrated, we are able to access hundreds of acquirers, and in turn, millions of merchants, to help them make payment transactions as simple and frictionless as possible,”
Keith Douglas, Executive Vice President, Payment Gateway Services, added: “FinGo’s focus on identity-enabled transactions and the work the team is doing in biometric applications will add to the checkout choice vendors can offer their customers. We look forward to working with the team to bring more safe, simple and smart ways to pay,”