Mastercard has announced the North American rollout of Identity Check Mobile™, a new payment technology application that uses fingerprint and facial recognition, to verify a cardholder’s identity and simplify online shopping.
BMO Financial Group (BMO) will be the first bank in the U.S. and Canada to offer Identity Check Mobile to its corporate customers starting in the first half of 2017.
The rollout of Identity Check Mobile follows a successful soft launch that Mastercard and BMO tested earlier this year. The post-soft launch survey of BMO biometric program participants found:
Three of every four (74 percent) of participants strongly agree that biometrics are easier to use than passwords. Nine out of ten participants anticipate using biometrics for online payment security in the future.
In the US and as part of the White House “Lock Down Your Login” public awareness campaign, Mastercard committed to developing solutions that eliminate static passwords, utilizing biometrics to make payments safe and simple.