Consumer Payment Card News

Biometric Payment Cards Offer Frictionless Transactions with Less Cooties

As signatures for credit cards diminish in value and PINs (personal identification numbers) become more common for debit card transactions, the next wave could likely be biometric payment cards.

Biometric Payment Cards

Payments cards with smart chips have had a big impact on fraud in the U.S.. Coupled with a four-digit PIN the payment card fraud decreases exponentially. However, taking fraud fighting to an even higher level, a new payment card with a built-in fingerprint detector eliminates need to enter a PIN.

Biometrics Future

The new SmartMetric card is totally frictionless in that it requires no other steps other than touching the card and reaching across to insert the card into the credit or debit card reader.

The new card is the product of the world biometrics. Around the world there are ATMs utilizing facial recognition or iris recognition to link you and your card. Another biometric employed with ATMs is voice recognition.

SmartMetric says by simply touching the card’s fingerprint sensor embedded in the surface of the card, in less than 0.25 seconds the card’s internal fingerprint scanner reads the card user’s fingerprint, matches with the user’s pre-stored fingerprint and turns on the card. In less time than it takes to reach across to the card reading terminal in a store or the ATM the card holder’s fingerprint is scanned and matched instantly.

Better Than Chips

SmartMetric is the creator of the in-the-card fingerprint scanner for chip credit cards. It uses a SmartMetric developed miniature and super thin fully functional fingerprint reader that sits inside the credit card. SmartMetric has issued patents and patents pending concerning its biometric card technology.

If the technology is adopted by financial institutions, it will certainly reduce the times you have to press dirty keys at an ATM or store card readers.

Consequently less touching equals less germs or “cooties.”

How long it take to see this new level of protection? Consider how long it took to bring credit card chips and ATMs to market.