CV Microelectronic of China has teamed up with Sweden’s Fingerprint Cards (Fingerprints) to develop China’s first biometric contactless smartcard reference.
Dubbed SecTouch, the card does not require a battery and integrates Fingerprints’ FPC1300 sensor that is claimed to have high biometric performance needed for contactless transactions.
Fingerprints additionally noted that the sensor features ultra-low power consumption.
According to the Swedish biometric company, consumers in the emerging Chinese payment cards market are seeking flexibility, more options and solutions compatible with mobile payments.
However, a market research conducted by Fingerprints in 2017 revealed that the consumers don’t use contactless cards as much as they want to, with 42% of them concerned about security.
The new card is expected to address this gap as fingerprint biometrics is considered to provide improved security when used with payment cards.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataA statement from Fingerprint Cards read: “Just as fingerprint biometrics is a common way to authenticate mobile payments, it offers the same convenience and increased security when integrated in a payment card.
“Having a fingerprint sensor on a payment card to replace the PIN code is seen as the next logical step beyond mobile, and 67% of consumers in our China research find a biometric card appealing.”