Zwipe collaborating with Danish Bank on biometric credit card
Danske Bank said it hopes to launch, within a year, biometric credit cards developed by Zwipe that verifies users’ identities via fingerprint authorization, according to a report by JydskeVestkysten.
Customers will be able to use the payment cards with a small fingerprint scanner embedded inside of it, which will effectively replace Danske Bank’s existing PIN system.
The fingerprint sensor is embedded in the credit card and is powered by the existing payments infrastructure in the form of payment terminals at retail stores.
The system has a number of benefits, such as the ability to authorize a transaction without having to enter a PIN, as well as the ability to set a maximum limit for each transaction.
Zwipe has previously launched pilot projects across the Nordic region with the use of cards with a built-in fingerprint reader.
“We work with different solutions as Mobilepay and contactless cards,” said Simon Steen-Petersen, Danske Banks’ global head of marketing of personal banking. “We do not know the future of leading vendors and solutions. That is, no one does, but we are looking at all the players and we hope that we choose right. ”
Article Topics
banking | biometric authentication | biometric payment system | biometrics | fingerprint sensor | fraud prevention | smartcard | Zwipe
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