SoGen tests biometric cards for limitless contactless payments
Societe Generale is trialling a payments card with a built in fingerprint reader that enables users to make contactless payments of any amount.
The biometric element eliminates the need for shoppers to enter a PIN, letting them tap and pay for any amount.
When a customer receives the card, they record their fingerprint themselves. Because the data is verified directly on the card, no element of it is transmitted to either the bank or merchant.
The card also functions normally for all contact-type payments in-store, on the internet and ATM withdrawals.
– Finextra –