Wednesday, July 2, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us
  • Login
UG Standard - Latest News
ADVERTISEMENT

Embracing the future of payments with Stanchion’s Biometric Checkout Initiative

by OUR REPORTER | UG STANDARD
19/11/2023
in News
Reading Time: 4 mins read
A A
0
Share on FacebookShare on Twitter
Stores that enrol in the Mastercard Biometric Checkout Program offer customers the option to sign up for their biometric checkout services either in store or at home, via an identity provider app.
Stores that enrol in the Mastercard Biometric Checkout Program offer customers the option to sign up for their biometric checkout services either in store or at home, via an identity provider app.

Biometric Checkout, the next step in the evolution of payments, is here – replacing authentication credentials with something truly unique and completely secure. Passwords and PINs are substituted with physical attributes that cannot be stolen or forged. Forget bank cards, mobile phones and wearables, all customers need to do when making a payment is to smile or wave – it’s really that simple!

“Customers are always looking for faster and more convenient ways of shopping and it is important that retailers keep pace with the way consumers want to live, work, shop and conduct business,” says Shaun Hulley, Stanchion’s Director of Global Sales Engineering. Since the pandemic, there has been a significant increase in consumers who desire safer and quicker touchless payment options, and biometric checkout ensures that merchants can meet customers’ expectations, using trusted technology that uses face recognition or fingerprints – a similar method to what billions of consumers use to unlock their mobile phone every day. “As drivers of payment innovation who empower our clients to embrace and fulfil changing consumer behaviour, Stanchion is looking forward to playing an important role in enabling clients to make biometric checkouts a key part of their offering.”

Related posts

The accused persons in court today.

Vandalism of Electricity Equipments: 17 charged with terrorism

02/07/2025
167

Looming unemployment: Farmers, Residents in shock as NEMA boss orders the demolition of multi million chicken farm

30/06/2025
289
Suspects in court on Monday.

Mpigi District boss, District Service Commission Members Charged over illegalities in Job offers

30/06/2025
163

Tororo leaders hail Lady Justice Sarah Langa for her Dedication,Mentorship and Integrity

29/06/2025
268

Reshaping the payments industry

Last year, Mastercard launched its first-of-kind Biometric Checkout Program, working with partners like Payface and NEC to roll out various pilot projects. According to research, 74% of customers have a positive attitude towards biometric technology, and Mastercard says the market for contactless biometrics technology is projected to reach $18.6 billion by 2026.

“Mastercard’s Biometric Checkout Program is the first of its kind to provide a global framework for enabling biometric checkout solutions, opening the ecosystem up for a variety of participants beyond the proprietary solutions employed by pioneers like Amazon,” says Hulley.

Stores that enrol in the Mastercard Biometric Checkout Program offer customers the option to sign up for their biometric checkout services either in store or at home, via an identity provider app. Once enrolled, checkout is as simple as smiling into a camera at the point-of-sale or placing their hand over a reader to confirm the payment. This method is as secure and any contactless mobile wallet (like Apple Pay) but offers more convenience.

What about security?

The program outlines the standards for banks, merchants and technology providers to adhere to, ensuring that the highest standards for security and privacy of personal data are maintained when people pay using biometrics.

“All Biometric Service Providers (BSP) are required to undertake certification with Mastercard to ensure their solutions and systems are secure,” says Hulley “In addition, all BSPs typically provide a level of assurance that their solution provides a confidence level in matching biometric information with a specific user, preventing impersonation. BSPs also embed various other capabilities, such as liveness detection to enhance their offerings and further reduce the risk of fraudsters being able to circumvent their authentication solutions.”

Adding up the benefits

With biometric checkout, the payment is fast and secure and benefits both the customer and merchant. “Simplicity and speed of checkout along with added security are the key wins for customers, plus the increased convenience with no need to carry a card or phone and reduced friction – it is a seamless, intuitive and positive point-of-sale experience. There is also no need for customers to carry loyalty cards or coupons as these can be added to their wallet digitally and automatically retrieved during checkout,” says Hulley.

Merchants will see the benefits too, with shorter checkout queues owing to less friction and reduced fraud thanks to biometric protection and tokenisation. It is also a key approach merchants can offer consumers an enriched shopping experience giving them the opportunity to engage customers through integrated loyalty offerings or coupons in their digital wallet.

Embracing innovation through Stanchion

With its teams of payments experts in offices across five continents plus a wealth of global experience supporting alternative payment methods and enabling banks and businesses to offer leading edge payments solutions, Stanchion is well equipped and perfectly positioned to offer biometric authentication solutions to its global network of merchant-acquiring customers.

“Stanchion will be integrated into Mastercard’s Biometric Checkout Program as a Payment System Integrator, partnering with one or more Biometric Service Providers (BSPs) to jointly deliver biometric checkout solutions to merchants and acquiring institutions,” says Hulley. “In the role as a Payment Services Integrator, Stanchion will be responsible for linking the user’s biometric template with the card token generated by Mastercard, this token is a virtual representation of the user’s underlying funding card. The result is that the payment token will be retained for subsequent use when payments are initiated by the user presenting him/herself for checkout. At the point-of-sale, a biometric reader will capture the user’s biometric information and submit it for validation against their stored biometric credential that was created during enrolment, and upon successful validation, the linked card token will be submitted to the bank for authorisation of the payment.”

Stanchion already has a proven track record in the MDES Token Provisioning and Lifecycle Management space, with 16 clients around the world choosing Stanchion’s platform and five who are currently using TLCM, including Kiwibank and Banzpay in New Zealand, Heritage Bank and Greater Bank in Australia, and Saudi Arabia Investment Bank.

“Stanchion’s expertise includes integration with network TSPs and issuer ecosystems to support token provisioning – including cardholder authentication – activation, push provisioning, card/token life-cycle events and reminders, and token/device binding from an issuer perspective. Plus, tokenisation is supported across all major OEM mobile wallets – including Apple, Google and Samsung – and card-on-file merchants,” says Hulley.

To survive and thrive, it is essential that merchants and acquiring institutions are equipped and ready to embrace innovation in the ever-evolving payments landscape. “At Stanchion our capability is built on over 20 years’ experience solving complex payment problems for clients spread across five continents,” says Hulley. “Biometric checkout is an exciting new innovation, and as a leading PayTech solution provider that is committed to powering payment change, we look forward to helping to deliver this new technology to our clients and their customers.”

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: FeaturedStanchionStanchion Payments

Related Posts

 Abbas urges U.S. to compel Israel to stop violations against Palestinians
News

 Abbas urges U.S. to compel Israel to stop violations against Palestinians

05/11/2022
0
304

Abbas urges U.S. to compel Israel to stop violations against Palestinians RAMALLAH, Nov. 4 (Xinhua) -- Palestinian President Mahmoud Abbas...

Read moreDetails
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100

 Equity Bank Under Scrutiny for Alleged Role in UGX.3bn Fake Gold Scam

09/07/2024
616
Minister of Health Dr. Ruth Aceng and Permanent Secretary Dr. Diana Atwiine pay their respects at the burial of Dr. Joshua Musinguzi, a champion in the fight against HIV/AIDS in Uganda. Their presence honors his legacy and dedication to improving healthcare in Uganda.

 FULL LIST: Health Service Commission Shortlists Applicants for Key Roles

18/06/2025
1k
Kabuleta and other opposition politicians have teamed up to put an end to Museveni's leadership

 Kabuleta, other opposition politicians team up to put an end to Museveni’s leadership

27/02/2024
495
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4362 shares
    Share 1745 Tweet 1091
  • How to Renew Your National ID Online: NIRA Pre-Registration Portal 2025 Guide

    3924 shares
    Share 1570 Tweet 981
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2661 shares
    Share 1064 Tweet 665
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3322 shares
    Share 1348 Tweet 823
  • How to Check PLE Results 2024 on Phone, Online

    1783 shares
    Share 713 Tweet 446
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1650 shares
    Share 660 Tweet 413
  • MPs clear govt to cancel 2020 academic year

    2796 shares
    Share 1150 Tweet 686

Recent Articles

Kakuru pledges to amplify voices of entrepreneurs after historic nomination

02/07/2025
Sheila Agaba (centre), the Business Manager at the Stanbic Business Incubator Limited, posing for a photo with other stakeholders at the event

Stanbic partners with GIZ to support women in green businesses in Uganda, Kenya and Tanzania

02/07/2025

HELLEN MASIKA: From Darkness to Solar Light in Kijumba 

02/07/2025
The accused persons in court today.

Vandalism of Electricity Equipments: 17 charged with terrorism

02/07/2025
The Gazelles

Gazelles summoned to start preps for 2025 Afrobasket

02/07/2025
Makerere University announces the release of 2025/2026 self-sponsored undergraduate admission lists, detailing successful direct entry A-Level applicants

FULL LIST: Makerere University Releases 2025/2026 Self-Sponsored Admission Lists

02/07/2025
President Museveni assents to nine new bills, including key tax amendments, to boost Uganda's domestic revenue and fiscal discipline for the 2025/26 financial year.

Museveni approves nine new tax laws to bolster revenue

02/07/2025

Recent CommentsRecent Comments

  • The Journey of Ibrahim Traoré on How President Ibrahim Traoré’s ambitious vision is driving Burkina Faso’s economic growth push
  • Ugandan Scientists Finalists For European Inventors Prize — Press Uganda on Ugandan scientists finalists for European inventors prize
  • Government Pumps UGX1 Trillion Into UDB To Drive Industrialization, SME Growth — Press Uganda on Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth
  • PS Ggoobi Tips On Building USD 500b Economy — Press Uganda on PS Ggoobi tips on building USD 500b economy
  • Museveni Meets German Envoy Matthias Schauer After Subversion Claims — Press Uganda on Museveni meets German envoy Matthias Schauer after subversion claims

UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • Kakuru pledges to amplify voices of entrepreneurs after historic nomination
  • Stanbic partners with GIZ to support women in green businesses in Uganda, Kenya and Tanzania
  • HELLEN MASIKA: From Darkness to Solar Light in Kijumba 
  • Vandalism of Electricity Equipments: 17 charged with terrorism
  • Gazelles summoned to start preps for 2025 Afrobasket
  • FULL LIST: Makerere University Releases 2025/2026 Self-Sponsored Admission Lists

OpED

HELLEN MASIKA: From Darkness to Solar Light in Kijumba 

Why de-register a Motor Vehicle in Uganda: and Consequences of Non-Compliance

Challenges of taxing law firms in Uganda

SHEILA ABOTH: Maternal healthcare must be everyone’s business because it takes a village

DARIUS NIWAHA KISHAHO: Securing Health After Retirement: Why a Post-Retirement Medical Cover is a Necessity, Not a Luxury

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d