Smart Payment Association to lay out benefits of biometrics at CARTES

The time is now for biometrics in financial services.

That’s the message that Lorenzo Gaston, the technical director of the Smart Payment Association will bring to Cartes when he takes the stage this Thursday, November 21, 2013.

According to the association, Gaston will review how today’s proven biometric technologies deliver the security, privacy and performance the financial services industry needs, as well as setting out the SPA position on how biometric Match-on-Card authentication delivers advantages in terms of security and data privacy.

“The introduction of biometrics authentication would deliver significant benefits in terms of tackling card payment fraud, extending cardholder verification through the introduction of an additional validation factor,” Andreas Strobel, President of the SPA said. “Adding biometric functionality to an EMV card has the potential to facilitate access to financial services for previously hard to reach populations and opens the way to provisioning a range of services that require a legally accepted digital signature – from subscribing to a new financial service through to proceeding with a mobile commerce transaction or the download and transfer of electronic money.”

Gaston’s presentation is set to take place tomorrow, Thursday November 21 at 12:30 p.m., during the Biometrics: Privacy and Security Concerns conference track of CARTES 2013.

The association has also announced the availability of a whitepaper on biometrics for payment applications, which also sets out the SPA’s vision.

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