The Bank of Montreal has revealed plans to trial a biometric bank app that can authenticate transactions via fingerprint or facial recognition.The bank's corporate credit cards will use the MasterCard Identity Check mobile app, which can use a smartphone's fingerprint reader or camera.The security system, which can be used to verify online purchases, will be fully available by the summer and a similar option for personal consumer cards will follow later in the year.Steve Pedersen, vice president and head of North American corporate card products for BMO, told NBC that the biometric technology will increase security but will also increase customer convenience.”The security measures we have are already pretty good,” he told CNBC in a phone interview. “This makes that security protocol and the navigation through it easier, faster and that's really important.”
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