Samsung, Mastercard Announce Biometric Card With Fingerprint Scanner for Secure Transactions


2021-03-05 10:25:41

Samsung and Mastercard have agreed to collaborate on making card payments even more secure. They are going to incorporate a fingerprint sensor into Samsung Cards to reduce contact points at in-store payment terminals. Although this appears to be similar to Mastercard’s Biometric Payment Card that was showcased a few years ago, the new cards will use a more secure chipset from Samsung’s System LSI business. These new biometric cards can be used at any Mastercard chip or POS terminal.

Samsung said in a press release that the biometric cards will “integrate several key discrete chips, streamlining the overall component design and enabling more efficient development.” Earlier, MasterCard showcased a similar technology in September 2017 at the first Mastercard Innovation Forum in India.

“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, Samsung Electronics.

Samsung will be introducing the card later this year but will initially only offer it South Korea through its Samsung Card vertical. Samsung Card is a leading credit card business in the country and will begin gradually adopting the technology with corporate credit cards that have more international transactions.

“We have big data expertise and have set the standard in domestic market for digital transformation and fraud detection system (FDS).” said Hanjoo Yoo, Vice President, Planning & Communication, Samsung Card. “Leveraging these experiences, we will deliver a powerful solution to enhance payment experiences in close partnership with Samsung Electronics and Mastercard.”

Samsung hasn’t announced any details on the card’s global availability yet.


Is Samsung Galaxy S21+ the perfect flagship for most Indians? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.



Source link

21 Comments

  1. Fjwhsnopy March 5, 2021
  2. JbvdGroom March 5, 2021
  3. JbvdGroom March 5, 2021
  4. Nndosnopy March 5, 2021
  5. AgscGroom March 5, 2021
  6. Nndosnopy March 5, 2021
  7. KgooEvows March 5, 2021
  8. Jvwxsting March 5, 2021
  9. KgooEvows March 5, 2021
  10. Avsfcupecteds March 5, 2021
  11. AgscGroom March 5, 2021
  12. LabdGroom March 5, 2021
  13. Jvwxsting March 5, 2021
  14. JbvdGroom March 5, 2021
  15. Avsfcupecteds March 5, 2021
  16. LabdGroom March 5, 2021
  17. LabdGroom March 5, 2021
  18. Jvwxsting March 5, 2021
  19. Nndosnopy March 5, 2021
  20. melhor hospedagem php March 5, 2021
  21. Myronsoymn April 16, 2021

Leave a Reply