Will Stores need new hardware?
Banks Need to Adopt New Technology
As with all new things, someone will need to do some updates before it can fully be implemented. Before this new cards can be adopted worldwide, your banks or financial institution will have to get on board with the new tech.
How MasterCard Biometric Payment Card Works
While shopping at any store, just place your biometric payment card into a retailer’s EMV terminal and then put your finger on the embedded sensor to pay. Your fingerprints will be verified against a template stored on your card to approve your transaction.
So in short this kinda works like your finger print scanner on your Iphone or Android does now. One scan once your finger print is saved and your all set.
Can Identity Thieves still steal this card info and use it?
Fingerprints can be faked, unfortunately, and we have seen previous research in which high-resolution images were used to make fake fingerprints for malicious purpose. So while this new tech seems cool, it can like almost anything else still be hacked.