Samsung Electronics, Mastercard and Samsung Card Develop Fingerprint Biometric Payment Card
upstart writes in with an IRC submission:
Through this strategic collaboration, the companies aim to provide faster and more secure payment experiences. The biometric authentication capability allows safer interactions with reduced physical contact points by eliminating the need to enter a PIN on a keypad.
It also adds an extra layer of security to currently available credit cards by verifying the cardholder's identity via a unique fingerprint.
The biometric cards will adopt a new security chipset from Samsung's System LSI Business that integrates several key discrete chips, streamlining the overall component design and enabling more efficient development. These cards can be used at any Mastercard chip terminal or point of sale (POS) terminal.
[...] Samsung Card will lead the roll out in South Korea, with plans to introduce the biometric card later this year. The adoption of the solution will be a gradual process, starting from corporate credit cards that have more frequent international transactions.
Also at Engadget, Businesswire, and hypebeast.
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