Biometrics Cards

More than 7 Billion  EMV cards, both contact and contactless, in use today, and they're the preferred choice of payment for the majority of consumers.

Contactless payments – where no PIN number or signature is required to complete the sale – have grown in popularity due to their convenience especially in the COVID Times. Most of the banks/FIs increased the limit in contact less transactions. For example, In Netherlands, limit for Contactless Transactions got increased to 100 Euros.

Thanks to Apple Pay and Google Pay, mobile payments are increasingly common. But a lot of consumers are still wary of the security of these transactions and how easily credit cards and mobile phones can be stolen – along with the possibility that cardholder information could be intercepted during transactions.

Contactless payments are at the forefront of this trend, but security issues have slowed the adoption of 

• Contactless cards
• Contactless payments via mobiles 
• Wearable devices

Biometric card payments diminish consumers' fears of transaction security, whether online or in person, and are about to come out of beta testing. Adding biometric identification to EMV cards alleviates concerns about fraudulent activity while offering greater potential for profit by merchants and banks alike.

Security one step further by enhancing the card with a fingerprint-sized biometric sensor. Instead of entering a PIN number when the card is placed on a point of sale (POS) reader – or even having to write your signature on a receipt – all you have to do is place your finger on the sensor and the transaction will be verified and completed in a fraction of a second.  

What are the differences between EMV and biometric cards? 

The main difference between these cards is the level of security offered to consumers. 

• EMV cards use end-to-end encryption to hide user details and protect data from being stolen. 
• Contactless cards use tokenization for further encryption,
• while biometric cards go one step further and include a fingerprint scanner to confirm the identity of users.