FPC sensor used in biometric payment card pilot for Bank of Cyprus
Author: HF SECURITY Time: 2018-01-23
Fingerprint Cards is providing touch sensors from its FPC1300-series for the recently announced Bank of Cyprus biometric payment card pilot.
The pilot, being lead by Gemalto, is the first of multiple upcoming pilots in 2018 for the world’s largest card manufacturer and also includes Zwipe as a partner.
The card being trialed by Bank of Cyprus is a fingerprint activated payment card which utilizes Zwipe’s energy harvesting capacity and biometric engine to enable contactless and contact transactions. It is powered by the payment terminal and does not require an embedded battery.
Fingerprint activated payment cards are seen as the next major market innovation in card based payments. In November, ABI Research projected that fingerprint embedded payment cards will experience a significant growth over the next years reaching 160 million shipments by 2022 with a 5-year CAGR of approximately 400 percent.
According to a company statement, hundreds of millions of smartphones and tablets all over the world rely on Fingerprint Cards’ biometrics solutions and every day there are billions of user interactions with the company’s touch and touchless platforms.