CV Microelectronic of China has teamed up with Sweden’s Fingerprint Cards (Fingerprints) to develop China’s first biometric contactless smartcard reference.
Dubbed SecTouch, the card does not require a battery and integrates Fingerprints’ FPC1300 sensor that is claimed to have high biometric performance needed for contactless transactions.
Go deeper with GlobalData
Fingerprints additionally noted that the sensor features ultra-low power consumption.
According to the Swedish biometric company, consumers in the emerging Chinese payment cards market are seeking flexibility, more options and solutions compatible with mobile payments.
However, a market research conducted by Fingerprints in 2017 revealed that the consumers don’t use contactless cards as much as they want to, with 42% of them concerned about security.
The new card is expected to address this gap as fingerprint biometrics is considered to provide improved security when used with payment cards.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataA statement from Fingerprint Cards read: “Just as fingerprint biometrics is a common way to authenticate mobile payments, it offers the same convenience and increased security when integrated in a payment card.
“Having a fingerprint sensor on a payment card to replace the PIN code is seen as the next logical step beyond mobile, and 67% of consumers in our China research find a biometric card appealing.”
