Safran Identity & Security reveals its contribution to the new Mastercard biometric card
Safran Identity & Security (ex Morpho) announced today that it is contributing with biometric card software and manufacturing capacities for the recently announced Mastercard next generation biometric card.
This new generation payment card combines chip technology and biometrics to a strong and convenient means of authentication at the Point of Sale (POS). Instead of entering a PIN, cardholders simply place their finger onto the card. Their fingerprint is then matched against the biometric template on the card.
Its ability to link an individual's biometric identity to a payment card opens up a wide range of new ways to use the card beyond authenticating payment transactions. Furthermore, the card helps issuers to reduce fraud and increase customer loyalty by ensuring that their card stays on top of their customer's wallets.
We are proud to leverage our unique biometric expertise and facilitate the future of payments together with Mastercard. Biometrics enables seamless payment transactions without compromising security.
Anne Bouverot, president and chair of Safran Identity & Security
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