Press Here! Visa Begins Pilots of New Biometric Payment Card
With biometric authentication gaining momentum and the EMV migration well underway, the biometric payment card pilots will test the use of fingerprint recognition as alternatives to PIN or signature to authenticate the cardholder. Both pilots are being managed through the Visa Ready for Biometrics program, a new vertical supporting the growing demand for biometric authentication solutions.
“The world is quickly moving toward a future that will be free of passwords, as consumers realize how biometric technologies can make their lives easier,” said
How It Works:
When a cardholder places their finger on the sensor, a comparison is performed between the fingerprint and the previously enrolled fingerprint template securely stored in the card in order to authenticate the transaction. Green and red lights are integrated into the card to indicate a successful or unsuccessful match. Additional benefits of the biometric payment card include:
- Strong Security: The biometric data is stored and matched locally in the card to ensure that a cardholder’s data and privacy is protected. Since biometric data is unique to each person, it’s substantially harder for criminals to commit fraud.
- Speed and Convenience: The pilot cards are EMV contactless-enabled, allowing cardholders to tap to pay quickly and easily at contactless-enabled terminals.
- Alternative to PIN or Signature: A simple authentication using a fingerprint can be performed directly on the card, offering an alternative to PIN or signature.
- Hardware Upgrades Unnecessary: The biometric card is immediately compatible with existing payment terminals that accept contactless- or chip-based payments around the world.
In a recent survey of 1,000 Americans about perceptions of biometric authentication, Visa found that consumers continue to have a strong interest in new biometric technologies. Highlights from the survey include:
- 86 percent of consumers are interested in using biometrics to verify identity or to make payments, and more than 65 percent of consumers are already familiar with biometrics.
- Consumers were most familiar with fingerprint recognition, with 30 percent having used it once or twice and another 35 percent using it regularly.
- Of all the biometric authentication techniques queried, fingerprint recognition ranked the highest (50 percent) in terms of desired payment authentication method for in-store usage.
“Mountain America Credit Union is proud to be an early partner with Visa and other industry leaders on this innovative biometric card solution,” said
Pilot Timing & Support
About Visa Ready
For any merchants, partners or issuers interested in integrating biometrics into payment environments, the Visa Ready for Biometrics program can provide guidance and certify solutions as Visa Ready. The Visa Ready program can accelerate the process for introducing devices, software, and solutions that can initiate or accept Visa payments. In addition to Biometrics, Visa offers Visa Ready programs for mobile point-of-sale (mPoS), Business Solutions, Internet of Things (IoT), Tokenization and Transit providers. More information is available at visaready.visa.com.
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