Feature
- Samsung’s Biometric Card IC is a cutting-edge security solution.
- Biometric cards provide secure and convenient POS authentication using fingerprints instead of PINs or signatures.
- The fingerprint sensor, secure processor, secure element, and proprietary software are all combined into a single chip by Samsung.
The Ingenuity that Wins Awards As the winner of the CES 2023 Best of Innovation Awards in Cybersecurity & Personal Privacy, Samsung’s Biometric Card IC is a cutting-edge security solution. With the use of this ground-breaking technology, people all around the world may now make payments and prove their identities.
Biometric Cards: Eliminating PINs and Signatures
Biometric cards provide secure and convenient POS authentication using fingerprints instead of PINs or signatures. With biometric cards, entering a PIN for high-value transactions is unnecessary, making the payment process faster and easier. Enhancing security reduces worries about card or PIN theft, boosting confidence in card usage, especially when traveling. Lost or stolen cards won’t result in fraudulent payments.
Seamless and Secure Transactions with Biometric Cards
It is possible to add and safely keep up to three digital fingerprint templates on the biometric card during enrolment. Cardholders can enroll online or in authorized enrollment centers, ensuring convenience and supervision. The purchase process is simple: the cardholder places their registered thumb on a sensor in an EMV terminal and taps or inserts their biometric card. PINs are unnecessary because the biometric card quickly confirms the user’s identity. Authenticating the card user by successful biometric matching permits a safe transaction.
The biometric card scans the fingerprint and compares it to the recorded templates to ensure that no biometric data is sent to the merchant. The card compares the scanned picture to the templates already saved on the card. Biometric templates are encrypted and secured to prevent unauthorized access, ensuring the registered fingerprint template remains unalterable and confidential. The card’s enrolled templates keep the biometric data safe and unavailable to outside parties.
Bridging the Gap of Financial Exclusion
Given the difficulties many people worldwide have in obtaining financial services, financial inclusion is a top goal for the banking sector. Millions of people who struggle with conventional payment systems due to learning difficulties, literacy challenges, or visual impairments may find a solution in biometric payment cards. For these people, biometric fingerprint authentication provides a quick, easy, and safe replacement for traditional forms of identification, such as written signatures or PIN codes, enhancing their financial inclusion.
Samsung’s Contribution to Mainstream Adoption
Biometric identity verification’s simplicity drives its popularity, fueling demand for reliable solutions. Samsung has created a single-chip solution through technological integration, overcoming the technical challenges preventing the widespread use of biometric cards. The fingerprint sensor, secure processor, secure element, and proprietary software are all combined into a single chip by Samsung, making it the first all-in-one security chip for biometric cards.
For banks and organizations, Samsung’s Biometric Card IC solution makes creating and distributing biometric payment cards easier. The number of chips needed can be decreased, and the card design process can be simplified if the necessary functionalities are consolidated onto a single chip. Furthermore, Samsung’s in-house anti-spoofing technology and fingerprint authentication algorithm ensure secure transactions.
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Conclusion
Samsung’s Biometric Card IC is revolutionizing ease and payment security. For cardholders, it delivers a safe and hassle-free experience by doing away with the need for PINs and signatures. With its cost-effective single-chip solution, the solution tackles problems with financial inclusion and prepares the ground for widespread adoption. Samsung’s dedication to cutting-edge technology places it at the forefront of the industry and signals the beginning of a new age of safe and convenient payments.
