FinTech Magazine - August 2022 | Page 13

FIDOR BANK TO PILOT BIOMETRIC

PAYMENT CARDS WITH ZWIPE

German digital bank Fidor Bank has entered into a partnership with Zwipe to pilot biometric payment cards in the country during the second half of 2022 . This will be powered by the Zwipe Pay technology platform .
Biometric cards look like any other payment card but , in addition to the standard chip and pin technology , they also have a fingerprint sensor . The chip powers the card ’ s fingerprint sensor , and both require authentication via the correct pin and the correct fingerprint in order to make a payment .
A report from last year by Fingerprints suggests that just over half of consumers are ready to opt-in to biometric cards – a rise that generally correlates to the decline of cash .
Boris Joseph , CEO at Fidor Bank , says : “ Next-generation payment cards powered by on-card fingerprint authentication will greatly help to differentiate our payment offerings with respect to a seamless checkout experience and uplifted transaction security ...
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GOOD TIMES BAD TIMES

AUG22

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