Mastercard, Samsung Team on ‘Biometric’ Card With Fingerprint Scanner
Samsung’s LSI and credit card businesses agreed with Mastercard to develop a “biometric” card with built-in fingerprint scanner to authorize transactions securely at in-store payment terminals, they said Thursday. The card’s biometric authentication capability will enable safer transactions with “reduced…
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physical contact points” by eliminating the need to enter a PIN on a keypad, they said. “It also adds an extra layer of security to currently available credit cards by verifying the cardholder’s identity via a unique fingerprint.” The card will be rolled out in South Korea later this year in a “gradual process, starting from corporate credit cards that have more frequent international transactions,” it said. The companies didn’t respond to questions about U.S. plans.