FB pixel

Gemalto to supply Bank of Cyprus with biometric payment cards

 

The Bank of Cyprus has selected Gemalto to supply EMV biometric dual interface payment cards for both chip and contactless payments.

The fingerprint sensor card is powered by the payment terminal and does not require an embedded battery. The biometric personalization and card activation process is designed to avoid transmission of biometric data over the air to ensure that users’ data privacy is protected. The fingerprint template captured during the enrollment process is stored only on the card.

“Gemalto’s biometric sensor payment card is designed to provide maximum security and data privacy,” said Bertrand Knopf, Gemalto’s executive vice president Banking and Payment. “Using biometrics for contactless payments is a natural move as it fits in naturally with the gesture used to pay.”

In November, ABI Research forecasted that fingerprint embedded payment cards will experience a significant growth over the next years reaching 160 million shipments by 2022 with a 5-year CAGR of approximately 400 percent.

Article Topics

 |   |   | 

Latest Biometrics News

 

Privado ID to tackle global demand for decentralized digital identity software on its own

Privado ID, previously known as Polygon ID, has officially separated from Polygon Labs to address the increasing global need for…

 

Implementing passwordless in device-restricted environments

By Rohan Pinto, CTO for 1Kosmos The increasing reliance on mobile devices for implementing secure, passwordless authentication in workplace settings…

 

Mastercard commits to passkeys for payment, full tokenization in EU by 2030

As the EU gallops into the digital wallet era, Mastercard is going full-token, as it announces a plan to achieve…

 

NIST adds flexibility, digital format to security requirements for federal contractors

The U.S. National Institute of Standards and Technology has updated its guidance for how businesses working with the federal government…

 

Clear deal paves way for patient ID verification for Epic customers

Clear has made a major inroad into the healthcare sector, with a deal that sets it up for integration of…

 

Coinbase announces smart wallets for easier transition to chain

Coinbase is riding the wallet wave, with the launch of its next generation of smart wallets. A blog post from…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events