Later this year, members will be able to authenticate and verify transactions using biometrics under a pilot program involving $7.3 billion First Tech Federal Credit Union of Mountain View, Calif., and MasterCard.
"We are extremely pleased that MasterCard has chosen to partner with First Tech to pilot new payment methods. Biometrics may seem very James Bond-like, but the reality is fraudsters are very clever and resourceful," said Terry Rodrick, vice president of cards and payments at First Tech.
"Our membership is technology based so I think we have the perfect population to really kick the tires and pressure test new ways of making purchases," she said.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
