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Samsung and Mastercard Are Developing a Biometric Card

(Image by Michal Jarmoluk from Pixabay)

Samsung and Mastercard have agreed to work together to improve the security of payment cards by introducing biometric authentication. The new card will be able to scan your fingerprint before allowing a payment to be taken.

Samsung System LSI Business will provide a chipset for the card which allows a fingerprint to be scanned and then verified as belogning to the owner. As well as adding an extra layer of security much stronger than a four-digit PIN, it also removes the need to physically interact with a payment terminal, which is a highly-desirable feature during a pandemic.

“Drawing from our strong security solution background in various applications such as passports, credit cards and mobile devices, we will work with Mastercard and Samsung Card to create an environment where consumers can use payment card services with an added peace of mind,” said Harry Cho, vice president at Samsung Electronics.

“As consumers embrace the safety and convenience of contactless payments, Mastercard will leverage its cybersecurity and intelligence expertise and global payments network in this three-way partnership to enhance cardholder security with a biometric solution supporting fast, frictionless payment experiences that are protected at every point,” said Karthik Ramanathan, Senior Vice President, Cyber & Intelligence Solutions, Asia Pacific, Mastercard.

The inclusion of a fingerprint scanner also means the card will be completely useless if stolen. And it doesn’t look as though we’ll be waiting long to try it out. Samsung intends to launch a version of the new biometric card later this year in South Korea. It will start with corporate credit cards and gradually roll it out to handle more transactions and to a wider audience.

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