SPA white paper examines the potential of bank cards with built-in biometric sensors

Cover shot: 'Biometrics in payment: Breaking down barriers with high value payments'

KNOWLEDGE CENTRE: Biometric sensor-on-card solutions, where a fingerprint sensor is built into a standard EMV card, “represent an important step forward for the finance industry, opening the way to eliminating fraud for issuers and cardholders, reducing costs and providing the additional security and identity verification required to support remote or cross-border transactions,” the authors of a new white paper conclude... More


Mastercard to let cardholders self-enrol on biometric payment cards

Mastercard pioneers remote biometric card enrolment — Mastercard — “Through significant research and development, a revolutionary battery-powered sleeve will now let people self-enrol their contact or contactless biometric card. Their fingerprint is scanned by the sensor on the card and an encrypted digital template is created and securely stored… ‘Now we have a sleeve to register fingerprints so people don’t have to make a trip to a bank branch.'”


Bank of Cyprus to issue biometric cards to customers

Gemalto launches the first biometric EMV card for contactless payments — Gemalto — “When customers place their fingerprint on the sensor, a comparison is performed between the scanned fingerprint and the reference biometric data securely stored in the card. The biometric sensor card is powered by the payment terminal and does not require an embedded battery; this means there is no limit from battery life nor on the number of transactions.”​


ABI: 160m cards with embedded fingerprint sensors to be shipped by 2022

Biometric payment cards to boost banking industry security — ABI Research — “Fingerprint embedded payment cards will enjoy an impressive growth over the next years reaching 160 million shipments by 2022 with a five-year CAGR standing at approximately 400%. While the Middle East, Africa and North America will be among the first regions geographically in which higher shipments are expected during 2018, forecasts indicate that Europe and Asia Pacific will have a larger penetration rate over the coming years.”



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