Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens 
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
Mastercard introduces an innovative and unique to pay in this era of robots and advanced automation. The American financial service company is piloting its Biometric Checkout Program that allows customers to pay just using their hands at the checkout.
The new Mastercard payment method has been described as similar to face recognition and fingerprint scanning technology. The company announced its biometric payment method on Tuesday, May 17.
Mastercard stated that it has developed this biometric payment to further improve the customers' checkout experience. With the new scheme, they do not have to use their phones for electronic payments or take out their wallets to pay. Even with their hands full of their purchases, the method makes it easier and more convenient to pay.
All that customers need to do is wave their hands or show their faces with a smile, and the system will process their payments at the checkout. The technology is reliable and can be trusted as per Mastercard, so it is safe to use in transactions.
"The way we pay needs to keep pace with the way we live, work and do business, offering choice to consumers with the highest levels of security," Mastercard's president of cyber and intelligence, Ajay Bhalla, said in a press release. "Our goal with this new program is to make shopping a great experience for consumers and merchants alike, providing the best of both security and convenience."
Eládio Isoppo, Payface's chief executive officer, went on to add, "We have been developing Payface since 2018, with a mission to help transform the way people pay - improving the experience, without compromising on security."
Payface said that its partnership with Mastercard is also a step for them to move forward and create more technology as well as enable their products to be utilized by both merchants and consumers.
Meanwhile, CNBC reported that Mastercard already rolled out the biometric payment program in five grocery stores in Sao Paulo, Brazil. After the trial, the company will introduce it worldwide this year.
