Gemalto launches biometric credit card for contactless payments

New Delhi, Jan 5: Digital security firm Gemalto on Friday launched a biometric-powered credit card with a contactless technology that uses fingerprint recognition to authenticate the cardholder. Gemalto has been selected by Bank of Cyprus to supply the “EMV biometric dual-interface” payment card for both chip and contactless payments.

“Bank of Cyprus customers will be first in the world to enjoy biometric convenience on a contactless payment card. Gemalto’s biometric sensor payment card is designed to provide maximum security and data privacy,” said Bertrand Knopf, Gemalto’s Executive Vice President, Banking and Payment.  Using fingerprint recognition instead of a PIN code to authenticate the cardholder, the card is compatible with existing payment termils already installed in the country.  (IANS)