Bank of Montreal, Mastercard launch biometric corporate cards in Canada and U.S.

TORONTO – Bank of Montreal, Canada’s fourth largest lender, said on Wednesday that it had launched the very first biometric corporate card enter in Canada and the United States together with Mastercard.

BMO and Mastercard said we’ve got the technology will enable cardholders to ensure transactions using facial recognition and fingerprint biometrics when making online purchases.

In a statement, i was told that the development of the technology will increase security when making payments that don’t incorporate a face-to-face interaction. This program will start using the issue of corporate cards incorporating the technology to BMO employees in Canada and the Usa.

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Manulife adopts technology to create customers’ voices their passwordsBanking on biometrics: How you’ll soon be able to pay with your finger, access an ATM together with your eyes

Banks’ security procedures are coming under scrutiny amid proof of increased attacks from sophisticated hackers.

“Mitigating the risk of fraud is definitely our main concern, and also the inclusion of this technology is going to make payment authentication easier and strengthen the safety of the entire payments ecosystem,” said Steve Pedersen, vice president of United states corporate card products at BMO.

British bank Barclays launched a finger scanner for corporate clients in 2014 and said hello would role out voice recognition for retail clients.

? Thomson Reuters 2016