May 15, 2017 -
Safran Identity & Security is providing biometric card software and manufacturing capacities for Mastercard’s next generation biometric card.
The new payment card combines chip technology and biometrics to provide a strong and convenient authentication method at the Point of Sale (POS).
Cardholders can place their finger onto the card, at which point their fingerprint is matched against the biometric template on the card.
By linking a person’s biometric identity to a payment card, Safran is opening up a wide range of new applications for the card beyond authenticating payment transactions.
The card also helps issuers to decrease cases of fraud and increase customer loyalty by ensuring that their card is frequently used by customers.
“We are proud to leverage our unique biometric expertise and facilitate the future of payments together with Mastercard,” said Anne Bouverot, president and chair of Safran Identity & Security. “Biometrics enables seamless payment transactions without compromising security.”
Previously reported, Safran Identity & Security, through its subsidiary Morpho South Africa, won a contract with the government of Botswana to upgrade the legacy AFIS (Automated Fingerprint Identification System) platforms into a single, multi-biometric and multi-use new-generation platform.