MasterCard

Could a thumb-scanning MasterCard sideline Apple Pay?

Could a thumb-scanning MasterCard sideline Apple Pay?

Apple Pay isn't the only next-gen payments system hoping to use your thumbprint to authorize spending, with MasterCard and Zwipe teaming up on a new credit or debit card that has an integrated fingerprint scanner for more security contactless payments. Set to launch in 2015, the Zwipe MasterCard looks at first glance like a regular slice of plastic as you probably already have in your wallet, but rather than demanding you punch in a PIN code or even do something so archaic as put your signature on a receipt, the system instead automatically scans your fingerprint and uses that to authenticate that the right person is making a purchase.

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MasterCard, Visa push for chip-based cards for added security

MasterCard, Visa push for chip-based cards for added security

While Target recovers from their shocking $40 million credit and debit card record theft from last year, Visa and MasterCard have joined forces to push for a new chip-enabled card that will improve security for all transactions. These two credit card brands have set a potential October 2015 deadline for all US retailers to adopt and setup the infrastructure for the new card system.

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