Secure Technology Alliance Provides Primer and Implementation Considerations for Fingerprint-based Biometric Payment Cards
PRINCETON JUNCTION, N.J., March 12, 2019 – As consumers become increasingly comfortable using biometrics to unlock devices and log into accounts, there is a growing interest in bringing this technology to physical payment cards to provide simple-to-use multifactor authentication for in-store transactions. The Secure Technology Alliance released today an introductory resource for those interested in better understanding the business case, impact and considerations for providing fingerprint-based biometric payment cards.
Issuers, issuer processors, payment networks and merchants can download “Biometric Payment Cards” at https://www.securetechalliance.org/publications-biometric-payment-cards/.
“Issuers today are looking at different ways of verifying cardholder presence that don’t impact consumer convenience. Biometric technology solves that problem and doesn’t require retailers to make changes to their EMV chip terminals,” said Randy Vanderhoof, executive director of the Secure Technology Alliance. “This guide is a good place to start for those interested in exploring how biometric payment cards can be used for layered, convenient in-person multifactor authentication.”
This resource focuses on the use case where fingerprint capture, template storage, and matching are on the payment cards, and:
- Provides an overview of biometric payment card components and functions, fingerprint enrollment methods, issuer considerations, use and lifecycle management considerations, and user experience
- Discusses the benefits of biometric payment cards
- Outlines implementation considerations
- Summarizes use cases and real-world examples from American Express, JCB, Mastercard and Visa
This guide was developed by the Secure Technology Alliance Payments Council, whose primary goal is to inform and educate the market about the means of improving the security of the payments infrastructure and enhancing the payments experience. The group brings together payments industry stakeholders to work on projects related to implementing secured payments across all payment channels and technologies.
Additional information on the Payments Council can be found at https://www.securetechalliance.org/activities-councils-payments/.
Payments Council members participating in the development of the white paper included: American Express; CPI Card Group; Discover Financial Services; Entrust Datacard; First Data; G+D Mobile Security; Gemalto; IDEMIA; Infineon Technologies; Ingenico; Mastercard; MULTOS International; NXP Semiconductors; Rambus; Verifone; and Visa.
TWEET THIS: As consumers get comfortable with #biometric #authn, the #payments industry is looking to bring the tech to physical payment cards. Check out the latest @SecureTechOrg resource on biometric payment cards: https://www.securetechalliance.org/publications-biometric-payment-cards/
Biometric Authentication at the 2019 Payments Summit
Want to learn more about biometric authentication for payments? Attend the Secure Technology Alliance’s 2019 Payments Summit this week, March 11-14 at the Hyatt Regency Phoenix, Arizona. To view the agenda and register, visit www.stapayments.com. There will also be a full-day Biometrics in Payments Workshop hosted by the Digital Innovation Alliance, the former Latin America and Caribbean chapter of the Secure Technology Alliance. An additional fee and registration is required for the workshop.
About the Secure Technology Alliance
The Secure Technology Alliance is the digital security industry’s premier association. The Alliance brings together leading providers and adopters of end-to-end security solutions designed to protect privacy and digital assets in payments, mobile, identity and access, healthcare, transportation and the emerging Internet of Things (IoT) markets.
The Alliance’s mission is to stimulate understanding, adoption and widespread application of connected digital solutions based on secure chip and other technologies and systems needed to protect data, enable secure authentication and facilitate commerce.
The Alliance is driven by its U.S.-focused member companies. They collaborate by sharing expertise and industry best practices through industry and technology councils, focused events, educational resources, industry outreach, advocacy, training and certification programs. Through participation in the breadth of Alliance activities, members strengthen personal and organizational networks and take away the insights to build the business strategies needed to commercialize secure products and services in this dynamic environment.
For more information, please visit www.securetechalliance.org.