March 25, 2016Blog Posts

BMO, MasterCard roll out biometric corporate card program

Mobile Payments Today

BMO Financial Group and MasterCard this past week marked the beginning of a phased launch of the first biometric corporate credit card program in Canada and the U.S. that will enable cardholders to verify transactions using facial recognition and fingerprint biometrics when making online purchases, according to a press release.

The companies said the introduction of this technology will increase security when making payments that don’t include a face-to-face interaction, and will be integrated seamlessly for easy use in reducing the likelihood of a card being used by anyone who is not the cardholder, according to the announcement.

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