DESCRIPTION
Mastercard's latest invention, a new credit card with an integrated fingerprint sensor, which aims to fight in-store fraud.
The card, currently under trial in South Africa, includes sensor is embedded in plastic of the credit card, allowing customers to authorize a payment with a fingerprint, rather than a PIN code or a signature.
The payments giant said Thursday that the new biometric credit card will work on existing chip-and-PIN readers and won't require store owners and businesses to buy any new hardware; though older magnetic stripe-only terminals will not be compatible.
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