Looks like the has a strong, encrypted rival! Samsung is hoping to revolutionize the payments space with its Biometric Card which has a unique combination of a fingerprint sensor, Security Element (SE), and Secure Processor (SP) on a single chip. This is further backed by Samsung’s proprietary fingerprint authentication algorithm and anti-spoofing technology built right into the card, making it more secure than most others on the market.
Designer:
“It is the cybersecurity industry’s first all-in-one security chip that reads biometric information through a fingerprint sensor, stores and authenticates encrypted data in a tamper-proof way, and processes data securely”, the Korean tech giant mentions.
To use the card, all you have to do is place your thumb on the sensor while a POS device reads the chip. If the card authenticates your fingerprint, the payment is confirmed. Companies like MasterCard have announced similar biometric cards that default to a PIN number if the fingerprint isn’t matched. It isn’t clear yet whether Samsung will opt for the same strategy.
Dubbed the , the biometric card is also designed for contactless use (which means it comes with NFC and RFID capabilities) and is already being mass-produced with a public rollout hopefully next year. Your move, Tim Cook…!
The post first appeared on .
Related Posts
