Mastercard and NEC collaborate to advance in-store biometric payments

Posted under: Smart Technologies
Date: 2023-11-14
Mastercard and NEC collaborate to advance in-store biometric payments

In an ever-changing digital environment, merchants and consumers are looking for more seamless, secure, and innovative checkout experiences. Now, the trusted technology that uses your face to unlock your phone or tablet can soon be used to help consumers speed through in-store checkout, thanks to a strategic partnership between Mastercard and NEC Corporation. Through a signed Memorandum of Understanding, the partnership will implement NEC’s face recognition and liveness verification technology and Mastercard’s payment enablement and optimized user experience to drive global scale. ""As retail environments continue to evolve and choices in ways to pay rapidly expand, biometric solutions offer a seamless, quick, and secure checkout without needing to unlock a phone or insert a PIN,” said Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard. Mastercard and NEC will showcase this latest payment experience at the Singapore Fintech Festival from November 15 to 17th.

Read more at: www.mastercard.com