CrucialTec partners with smart card firm to develop biometric credit card

May 25, 2016 - 

Fingerprint technology company CrucialTec and smart card firm Kona-I have developed a smart card fitted with a fingerprint module to improve the security of financial transactions, according to a report by The Korea Herald.

Cardholders will verify their identity by scanning their fingerprints on the fingerprint module embedded in the 0.84-millimeter plastic card.

According to CrucialTec, the card can be used more than 1,000 times with a full charge, but that is expected to increase when it goes into mass production later this year. The card is also fitted with a film-type rechargeable battery.

“The credit card with increased security measures will be received well in the market,” said CrucialTec CEO Charles Ahn, adding that “the company will increase its presence with the fingerprint modules in different segments including smartphone, credit card, PC, and health care system.”

“The (biometric credit card) technology will replace password or authentication certificates in various sectors that require personal identification, including security, finance and the Internet of Things,” Kona-I CEO Cho Jung-il said.

Earlier this year, CrucialTec announced that it had developed a new biometric verification system that can simultaneously read fingerprints as well as recognized heartbeats, in order to authenticate individuals.

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About Stephen Mayhew

Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. His experience includes a mix of entrepreneurship, brand development and publishing. Stephen attended Carleton University and lives in Toronto, Canada. Connect with Stephen on LinkindIn.