• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechPointCloud

Mastercard Has a New Way to Secure Credit Card Transactions

By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
April 20, 2017, 1:22 PM ET

Mastercard is planning a big update to how it secures credit card transactions.

The financial services brand is currently testing what it calls “next-generation biometric card” technology in South Africa. The cards come with built-in fingerprint sensors like those consumers would find in an iPhone that authenticate purchases at the register. If the person’s fingerprint is registered, the purchase will be completed. If not, the card will be rejected.

In order to use the technology, Mastercard (MA) users will need to register their cards with their financial institutions. Their fingerprints are converted into an “encrypted digital template,” which will be stored on the cards for future use.

Now armed with the card, a shopper slips the card into a payment terminal while placing a finger over the fingerprint sensor. The sensor ensures the fingerprint matches the template. If so, the purchase is completed.

The credit card industry is continually seeking new ways to improve security. Malicious hackers have used a variety of methods for stealing credit card numbers, forcing companies to boost security at retail terminals, include verification chips in their cards, and more.

Get Data Sheet, Fortune’s technology newsletter

Meanwhile, companies like Apple (AAPL) and Google (GOOGL) have been investing heavily in mobile payment services that they say could significantly improve card security.

Apple Pay users, for instance, can store credit card information in the company’s digital wallet. When users are ready to make a purchase, they simply hover their iPhones over a payment terminal while placing a finger on the Touch ID fingerprint sensor built into the iPhone. If the fingerprint matches what’s on file, the payment is made. All the while, user credit card numbers are never shared with retailers, limiting chances of someone hacking the retailer and stealing numbers.

In a statement on Thursday, Mastercard said that its fingerprint-sensing technology will similarly boost credit card security. The company says that banks and other card issuers should find that the technology “helps detect and prevent fraud.” The cards will also work with existing terminals, so merchants won’t need to invest in new equipment.

Looking ahead, Mastercard plans to continue to test the card technology, which won’t add any thickness to a standard credit card, in South Africa and will expand trials to Europe and Asia-Pacific within the next few months. The company didn’t say when it plans a broader rollout.

Mastercard also promised a “contactless” version of its card technology for the future, which would ostensibly let users make payments without ever inserting their card into the terminal.

About the Author
By Don Reisinger
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

AIHousing
An AI-generated version of Trump’s voice is used in ad that promises an ‘all new Fannie Mae’ to tackle housing affordability
By Anne D'Innocenzio and The Associated PressJanuary 18, 2026
3 hours ago
typewriter
Future of Worksubscription economy
Meet a 28-year-old Canadian woman who turned her pen-pal side hustle into a subscription side hustle with over 1,000 members
By Cheyanne Mumphrey and The Associated PressJanuary 18, 2026
9 hours ago
Photo of Jim Farley
AIData centers
Ford CEO warns there’s a dearth of blue-collar workers able to construct AI data centers and operate factories: ‘Nothing to backfill the ambition’
By Sasha RogelbergJanuary 18, 2026
13 hours ago
vian
Commentaryquantum computing
I oversee a lab where engineers try to destroy my life’s work. It’s the only way to prepare for quantum threats
By Bernard VianJanuary 18, 2026
16 hours ago
U.S. President Donald Trump speaks to the press, saying he's talking to NATO about Greenland, before he departs the White House en route Palm Beach, Florida on January 16, 2026, in Washington DC, United States.
PoliticsGreenland
The weak business case for Trump acquiring Greenland: a $1 trillion price tag and few returns for two decades
By Jordan BlumJanuary 17, 2026
1 day ago
boardroom
CommentaryCorporate Governance
When AI decides how shareholders vote, boards need to rethink governance
By Jane SadowskyJanuary 17, 2026
1 day ago

Most Popular

placeholder alt text
Economy
3 things Trump did in 24 hours to show that he's in control of American business
By Eva RoytburgJanuary 8, 2026
10 days ago
placeholder alt text
AI
This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he'd do it again
By Nick LichtenbergJanuary 11, 2026
7 days ago
placeholder alt text
Economy
Making billionaires illegal by taxing their wealth wouldn’t even fund the government for a year, budget expert says
By Nick LichtenbergJanuary 17, 2026
2 days ago
placeholder alt text
AI
Ford CEO warns there's a dearth of blue-collar workers able to construct AI data centers and operate factories: 'Nothing to backfill the ambition'
By Sasha RogelbergJanuary 18, 2026
13 hours ago
placeholder alt text
Banking
'Absolutely, positively no chance, no way, no how, for any reason': Dimon says he'd never run the Fed but 'would take the call' to lead Treasury
By Jacqueline MunisJanuary 16, 2026
2 days ago
placeholder alt text
Newsletters
The oil CEO who stood up to Trump is a follower of the disciplined 'Exxon way' and has a history of blunt statements
By Jordan BlumJanuary 13, 2026
6 days ago

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.