“Rocker is planning to move forward with a biometric payment card pilot in the first quarter of 2021.”
Fingerprint Cards‘ biometric solution for payment cards is coming home, with the Gothenberg-based firm announcing the first commercial Swedish pilot of a biometric payment card featuring the T-Shape fingerprint sensor module.
The pilot is being undertaken by Rocker, a domestic challenger bank that rebranded from its previous moniker, Bynk, earlier this year, and is now seeking to establish itself as a major neobank serving the European market. Rocker is planning to move forward with a biometric payment card pilot in the first quarter of 2021.
The card will be provided by IDEMIA, with FPC’s T-Shape module enabling fingerprint-based authentication during the payment process. This allows customers to perform contactless ‘tap-to-pay’ transactions while adding an element of authentication that is far more secure than the PINs used in contact-based chip cards.
“With consumers keen to use contactless more than ever, biometric payment cards are emerging as the next innovation in payments enabling a truly ‘touch-free’ and smooth payment experience no matter the amount,” asserted Fingerprint Cards in a statement announcing the pilot.
The company also pointed out that this pilot will follow “several successful market pilots” of its biometric payment card solution, as well as “initial commercial launches in Europe”.
The pilot’s announcement comes after Fingerprint Cards announced an upgraded version of the T-Shape sensor module in September. It also follows the more recent news that FPC had teamed up with M-Tech Innovations on a biometric payment card solution destined for the Indian market.
Biometric payment cards represent an important new business area for FPC as it seeks to expand beyond the mobile biometrics market in which its fingerprint sensor technology has attained such a high profile.