Gemalto, touted as a world leader in digital security, has launched an EMV biometric dual interface payment card for both chip and contactless payments that use fingerprint recognition instead of a PIN code to authenticate the cardholder. When customers place their fingerprint on the sensor, the technology compares the scanned fingerprint and the reference biometric data securely stored in the card. The identity is verified instantly and there is no need to enter a PIN. Unlike PINs, fraudsters cannot steal or copy fingerprints.
EMV cards, also referred to as chip cards or smart cards, create a unique transaction code every time they are used. Contactless transactions, which can be twice as fast as traditional credit card transactions, can be found in wearable payment devices like rings and watches, in addition to credit and debit cards. ◊