Just one day after announcing their support for Apple Pay, MasterCard has revealed their next move towards revolutionizing the payment industry: a contactless credit card. The card will use biometric data stored on the card itself to allow users to make purchases by holding their thumb on the thumbprint scanner while holding the card in front of the payment device. Analyst Gianfrancesco Genoso says this will allow users to quickly and securely make purchases without the need to slide their card or enter a pin.
MasterCard is partnering with startup company Zwipe to develop the card. Expected to be released in 2015, the card appears alongside a slew of recent products that push the payment processing industry towards a contactless future.
Following in the footsteps of Google Wallet and Apple Pay, the new card will allow users to utilize contactless pay without needing to preload the card number onto their phone. Contactless payments have major implications for the future of credit card fraud, identity theft, and cyber security.