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The Green SheetGreen Sheet

The Green Sheet Online Edition

December 10, 2018 • Issue 18:12:01

Readers Speak

Ready for biometric smartcards?

Lina Andolf-Orup, Global Product Marketing Director at U.K.-based Fingerprints, emailed to tell us about the new ebook titled Touch, Tap Trust: Mobilizing Biometrics for Payment Cards and share progress made in the biometric smartcards realm.

"A biometric smartcard may not look too different from your everyday payment card but looks can be deceiving," Andolf-Orup wrote. "Enabling you to say goodbye to the inconvenience of signatures and PINs, this advanced payment card integrates an ultra-thin fingerprint sensor which becomes the strong authentication method for payments.

"This brings extra security without impacting the current [user experience] and speed of contactless. … And it’s not just the payment data that is kept safe, as the user’s biometric data is treated with the same importance to ensure privacy. … All of the R&D expertise gained refining smartphone sensors has been used to develop these power efficient, flexible, robust and thin sensors for payment cards, wearables and dongles. Importantly, they no longer need a battery as they can be powered completely by the field generated by the POS terminal itself.

"Developed in-line with global EMV and ISO card payment standards, the tech makes use of existing manufacturing processes and demands little change from payment stakeholders. … [T]hey are ready to scale and require little additional effort and financial investment from vendors. As we reach scale, the price of these cards will fall.

What is exciting is that trials are now in progress around the globe because consumers want this technology. … Biometrics satisfies the demand for increased security and flexibility. … Banks can strengthen their reputation and increase revenues by driving increased card usage, increasing trust and reducing fraud levels. Merchants will embrace the technology as they will benefit from increased spending and higher revenues as in-store wait time is cut short, consumers have less time to second-guess purchases and spending is limitless thanks to stronger security removing the need for the cumbersome payment cap.

You can download the ebook here: www.fingerprints.com/uploads/2018/11/fpc-smartcards-ebook-2-en.pdf?utm_source=iseepr&utm_campaign=eBook2_blog.

Share with your peers

We wish to thank Lina Andolf-Orup for her progress report on biometric smartcards. We will welcome updates from your corner of payments, too, at greensheet@greensheet.com. end of article

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