June 2, 2016 -
MeReal Biometrics’ patented “computer on a card” is manufactured in France and combines a fingerprint sensor, a dual acoustic / RFID signature, and a rechargeable battery on a traditional wallet-sized payments card, suitable for the payments and banking, access and identity, loyalty and healthcare markets.
Users activate the card with their fingerprint. When using phone banking or a payment app, the user can simply hold their card to the phone’s or PC’s microphone to transmit the acoustic one-time password. The card will then power down automatically until the user chooses to use it again. In a common access scenario, a user will activate their own card using their fingerprint then they will hold the card to the door reader or keypad which accepts the RFID one-time password. In addition, card holders can use it to access their files and online systems, to operate the office scanner, to purchase lunch and receive their wages directly on the card.
“New technologies can be taken for granted quickly in our fast changing world, but we are excited about making a disruptive difference by helping issuers like banks, governments and corporations place our dynamic tool into the hands of those who need it the most in rural and remote areas of the developing world,” said Chairman, Patrick Partouche.
“Bank card and access card technology has come a long way with the introduction of tapping and waving cards in many countries but they leave innocent people vulnerable to fraud,” said Kate Davies, head of marketing. “We offer protection and relief to the old, young, illiterate, tech-savvy, rich and poor with three simple actions on a card. No more typing or entering their account numbers, passwords, other payment information again and should they lose the card, it won’t work without their fingerprint.”