Little by little the mobile payments continue to gain ground globally. In various regions of the world such as China, smartphones are already the first tool that users use when making payments. So that we are facing an important change in the market. Although, in most western markets the credit card it is still the most common method.
Although, for a while we are seeing how the «contactless» payment is advancing. The option of paying by card simply by bringing it to the device is very comfortable and every time more establishments offer this option. So it looks like this is the direction the market is moving.
Gemalto, a name that may sound like you for manufacturing SIM and credit cards. Now, they have announced a new type of credit card. It is a card model that would only allow payments in contactless terminals by making use of our fingerprint.
Last year Gemalto unveiled this technology to develop credit cards with a fingerprint sensor. Although, the development of it is being slow. But, the company has bet heavily on this development, so they will do everything necessary to make it a success. Now, the company has added an NFC chip to this type of card. In this way, it can be used in contactless terminals without having to use a PIN.
In this case the technology of identification will not depend on the POSbut it depends on the card. Since when paying we will only need bring the card closer and place our finger on the sensor. In this way the purchase is authorized. A very simple process. An option that can be very successful, as there are more and more contactless terminals. Further, makes the credit card that uses this system more secure. In addition, both the fingerprint sensor and the NFC sensor are going to be fed by the energy transmitted by the POS.
This credit card is now available at the Bank of Cyprus. Other regions of the world are expected to join in 2018. What do you think of this system?