MasterCard has rolled out its selfie and fingerprint payment technology, known as Identity Check Mobile, for its North American customers.
The new selfie payment app uses biometrics, including fingerprint and facial recognition, to authenticate a cardholder’s identity and simplify online transactions.
BMO Financial Group (BMO) will be first bank to offer MasterCard’s selfie payment to its corporate customers in the US and Canada, starting the first half of 2017.
The launch of Identity Check Mobile in the North American market comes after a successful soft roll out that MasterCard and BMO tested earlier this year.
Existing BMO commercial customers who choose to use Identity Check Mobile will use an app offered by BMO and MasterCard to verify their online purchases. While shopping, the app immediately notifies the cardholder when they need to verify an online purchase by swiping a fingerprint or snapping a selfie photo.
MasterCard said that its Identity Check Mobile reduces passwords requirements, thereby dramatically expedite the digital checkout process while improving security.
BMO vice president and head of North American Corporate Card Products Steve Pedersen said: “The pilot tested the potential of delivering greater security and convenience using biometric technology. Our goals were to understand the attitudes and perceptions of our participants toward biometrics as an online payment security solution.
“After using Identity Check Mobile, our program participants gave strong reviews on biometric security and ease of use, especially as compared with passwords. We are looking forward to bringing this same experience to our clients in 2017.”
The launch follows the recent rollout across 12 European markets: Austria, Belgium, Czech Republic, Denmark, Finland, Germany, Hungary, the Netherlands, Norway, Spain, Sweden and the UK.