Swedish biometrics company Fingerprint Cards has teamed up with Giesecke + Devrient (G+D) Mobile Security to deliver contactless biometric payment cards.
Prepare for changes in the Payments market
- ESG
- E-commerce
- Mobile payments
- Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
- Fraud & Cybersecurity
- Regulations
Currently, the offering is being piloted by Crédit Agricole in France.
It features Fingerprints’ T-Shape module sensor, a part of the 1300-series. The sensor, equipped with ultra-low power consumption, is designed to be integrated into smartcards using standard processes.
Fingerprints SVP of business line smartcards Thomas Rex said: “G+D is a leader and innovator in the global market for secure payments. We are excited that G+D has evaluated and selected our biometric technology, and to see our outstanding T-Shape being integrated into all top card suppliers and in a rising number of pilots with major banks around the world.
“This is a clear manifest of the growing appetite for biometric payments cards, and our strong position within this market.”
The biometric payment cards are designed to increase security and payment convenience. It replaces PIN and signature verification with fingerprint authentication.
According to Fingerprint Cards, introduction of such biometric payment cards will be beneficial for banks, merchants and consumers.
G+D Mobile Security- – Financial Service Solutions head of product management payment Mikko Kähkönen said: “G+D’s Biometric card solutions mark an important step into a future of payment solutions that are both convenient and secure.
“Fingerprints provided the right technology to launch our biometric card solution that ensures at all times the protection of the user through Security by Design.”
Prepare for changes in the Payments market
- ESG
- E-commerce
- Mobile payments
- Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
- Fraud & Cybersecurity
- Regulations