Financial institutions piloting Cardlab’s fingerprint activated credit card
Cardlab announced that Texas-based card provider Epic One and two banks in Dubai and London are trialing its new biometric credit card.
The biometric credit card was developed in cooperation with Danish firm Quardlock using both companies technologies and patents.
The authentication system combines a fingerprint with a one-time-password (OTP). The card generates standard OTP for every successful fingerprint authentication
No data is send to the magnet strip, NFC or EMV chip if the owner of the card is not recognized by the fingerprint scanner.
Previously reported, last June BioSSL partnered with CardLab to integrate CardLabs’ biometric bank card with fingerprint sensor into the BioSSL secure platform to create a complete and fully secure financial platform.