May 17, 2020

Mastercard unveils enhancements to its biometric bank cards

Mastercard
Fintech
Biometrics
Fingerprint
Jonathan Dyble
1 min
Biometrics
Leading multinational financial services company Mastercard has updated its biometric bank card technology, allowing customers to register their fingerp...

Leading multinational financial services company Mastercard has updated its biometric bank card technology, allowing customers to register their fingerprints remotely.

“Making life safer and simpler for consumers is the cornerstone of our efforts around biometrics and comes through the use of some incredibly sophisticated technology,” said Bob Reany, Executive Vice President of Identity Solutions at Mastercard. “People love the security our biometric card delivers because we put their needs first.”

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Mastercard became the first company to introduce biometric bank cards in 2017, combining fingerprints with chip technology to securely verify the identity of cardholders, enhancing financial security.

When paying in card readers across the globe, the fingerprint is verified against the template, then allowing the transaction to be approved.

“The card draws power from the payment terminal so it can be used anywhere, we use a flexible biometric scanner so it’s more durable, and now we have a sleeve to register fingerprints so people don’t have to make a trip to a bank branch,” Reany continued.

The introduction of remote authentication alongside these bank cards continues Mastercard’s strategy of offering better financial security by removing traditional bank cards, instead recognising people by who they are, set as with fingerprint of facial recognition technology.

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Jul 7, 2021

ServiceNow pumps millions into EU service compliance

ServiceNow
Compliance
EU
Schrems II
2 min
ServiceNow
ServiceNow has announced a multimillion euro investment in EU services, providing customers even greater trust, choice, and control over their data

ServiceNow, the digital workflow company, has announced a multimillion euro investment to help EU customers meet compliance requirements.

The legal, technical and organisational safeguards will help companies to comply with the the Schrems II judgment and European Data Protection Board (EDPB) Recommendations issued in June 2021.

ServiceNow’s investment means all EU-hosted data will be exclusively handled within the EU, and the cloud-hosted digital workflow provider claims its solution will come “without impact on current delivery and service”.

ServiceNow upgrade: free of charge

There will be no cost for current customers to opt in to the data compliance solution, even though ServiceNow is investing an unspecified multimillion euro sum and hiring more than 80 new staff across the bloc.

Mark Cockerill, vice president legal, EMEA and global head of privacy at ServiceNow, said: “With any regulation change, cloud services companies have a choice. They can adopt a ‘wait and see’ approach or get proactive and help customers and partners innovate. At ServiceNow we are on the front foot, continually investing in our customers, allowing them to operate with the highest level of choice and control over their EU data.

ServiceNow upgrade: ‘peace of mind’

“Our new EU-centric service delivery model will give our current customers and partners peace of mind. For customers and partners operating in highly regulated industries, or in the public sector, or those that have yet to make the switch to the cloud, this model gives them certainty and simplicity when selecting the cloud service that best suits their needs.”

Carla Arend, lead analyst, cloud in europe for IDC, said, “The Schrems II ruling has led European organizations to revisit their cloud-related data protection policies and processes when it comes to international data transfers through cloud services.

“Contractual, privacy, and security safeguards and the assurance that data will be kept and handled in the EU help European organizations to comply with European data protection laws while taking advantage of global cloud platforms. Vendors, such as ServiceNow, that invest to support their customers in response to this ruling are providing essential choice to their customers.”

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