Nowadays, banks start to use biometric technology to improve capital security as financial security issue like credit cards gaining more attention from people.
MasterCard, one of the world's largest payment companies, has already introduced fingerprint credit cards in early 2017. People can complete payment when he put his finger on the credit card top right corner where embedded a sensor chip after inserting the credit card into a POS device, without entering a password or signature. In this way, people's capital security can greatly be improved even they lost their credit cards.
Fingerprint payments on a mobile phone are now being introduced on the market. As we all know, security, convenience and accuracy are what should take into consideration before payment. The security and accuracy of fingerprint technology in this MasterCard credit card is not much different from that of a mobile phone. In terms of convenience, a fingerprint credit card is undoubtedly much more convenient than traditional credit cards, which require an input password and signature. However, it is still not so advantageous for mobile payment.
In fact, smart POS also equipped with fingerprint recognition function. For example, Telpo handheld POS device TPS900 has a fingerprint identification module and soft decoding enables it supports QR code payment and fingerprint payment. Importantly, the EMV, PCI, Paywave, PayPass, MIR, RUPAY and so on international financial certification make it possible to fully realize financial payment level.
Why can biometric technology drive bank financial security?
Because it has unique, anti-counterfeiting and anti-theft such advantages. Current, biometric technology has gradually applied in opening credit card, loan approval, self-service account, and other scenes. Multi-mode biometric technology will continue to meet the diversified needs of banks and other financial institutions in the future.
Tag: MasterCard, fingerprint credit card, POS device, financial security, TPS900, Smart payment, biometric technology, fingerprint recognition
Brief Introduction: Telpo is a professional smart payment partner who focuses on the ODM service 20 years. It mainly provides the EFT-POS, cash registers, biometric devices, face recognition machines, self-service kiosks, and bus validators. Telpo has served for more than 1000 customers abroad, including government, banks, Telecom operators, police stations, Retail shops, and offices. Telpo adheres to R&D and innovation, aiming to provide more intelligent hardware for global partners.