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Mastercard taps Japan’s NEC to roll out biometric checkouts across APAC | Fintech InShorts: Latest fintech news, analysis by experts

Mastercard taps Japan’s NEC to roll out biometric checkouts across APAC

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Mastercard taps Japan’s NEC to roll out biometric checkouts across APAC

November 18, 2023

NEC Leads Mastercard Biometric Checkout Expansion
- NEC Corporation is driving the expansion of Mastercard’s Biometric Checkout Programme in the Asia Pacific (APAC) region.
- Partnership with Mastercard
  - NEC and Mastercard have signed a Memorandum of Understanding to integrate NEC’s face recognition and liveness verification tech into the program.
- Program Overview
  - Launched last year, the program authenticates in-store transactions using the payer’s smile or hand, addressing security, biometric performance, data protection, and privacy.
- Showcasing at Singapore Fintech Festival
  - The technology is being showcased at the Singapore Fintech Festival.
  - Consumer Engagement
    - Mastercard’s research indicates that 82% of APAC consumers already engage with at least one form of biometrics.
- NEC’s Biometric Authentication Suite
  - NEC’s Bio-IDiom brand includes face, iris, palmprint, finger vein, voice, and ear acoustic recognition.
- Benefits for Adopters
  - Adopters of the NEC-enabled program can expect shorter lines, increased security, more hygienic conditions, and support for integrating loyalty programs for faster, more tailored offers at purchase.

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