Samsung Biometric Card Payment with Fingerprint Technology

The advent of Samsung’s Biometric Card IC brings forth a groundbreaking solution that caters to the growing demand for enhanced security and convenience in everyday transactions. This all-in-one security chip has earned the prestigious title of CES 2023 Best of Innovation Awards winner in the Cybersecurity & Personal Privacy category. Let us delve into the transformative power of this cutting-edge technology and explore how it addresses one of the most pressing challenges in the realm of payments and identification.

Introducing the Biometric Card: No More to PINs

The advanced biometric card technology develops the way cardholders authenticate themselves during point-of-sale (POS) transactions. Gone are the days of remembering personal identification numbers (PINs) or signing receipts. Instead, this forward-thinking solution enables users to authenticate themselves using their fingerprints. By simply placing their enrolled finger on a sensor built into the card, cardholders can effortlessly verify their identity without the need for PIN entry. High-value transactions become faster and more convenient, enhancing the overall payment experience.

The adoption of biometric cards also addresses security concerns associated with card and PIN theft. With an extra layer of protection, users can assuredly use their cards, even while traveling, without worrying about fraudulent payments in case of loss or theft.

Cool and Safe Transaction

During the enrolment process, users can store up to three digital fingerprint templates on their biometric cards, ensuring secure storage of biometric data. Depending on the issuer’s policy, enrolment can take place either at home or at a supervised, in-person location designated by the issuer.

When making a payment, cardholders simply tap or insert their biometric card into a standard EMV point-of-sale terminal, placing their enrolled finger, typically the thumb, on the embedded sensor. Instantly, the biometric card verifies the user’s identity, eliminating the need for PIN entry. Upon a successful biometric match, authentication is granted, and the transaction proceeds seamlessly.

The biometric card employs a fingerprint scanning process without disclosing any biometric information to the merchant. It scans the fingerprint and compares it to the encrypted fingerprint templates stored securely on the card. The enrolled fingerprint templates cannot be modified or shared externally. This ensures that the biometric data remains protected, inaccessible, and exclusive to the card itself, preventing unauthorized usage or modifications.

Promoting Financial Inclusion: Extending Access to All

Financial inclusion stands as a top priority for the banking industry, aiming to address the barriers preventing millions of individuals worldwide from utilizing financial services. The biometric payment card emerges as a promising solution for individuals with learning disabilities, literacy issues, or visual impairments, who may encounter difficulties with traditional payment methods. By enabling secure and convenient fingerprint authentication, the biometric card offers a simple, accessible, and secure payment alternative. It replaces traditional verification methods like written signatures or PIN numbers, thereby promoting financial inclusion for diverse user groups.

Samsung: Pioneering the Path to Mainstream Adoption

With the rising preference for biometric identity verification due to its convenience, the demand for robust verification solutions continues to grow. Nonetheless, the widespread adoption of biometric cards has faced a critical obstacle: balancing production costs while retaining advanced security features. Samsung, however, has overcome this challenge by developing a single-chip solution through comprehensive technology integration.

The single-chip solution incorporates Samsung’s(3000 games for Samsung customers) proprietary technologies, including the fingerprint sensor, secure processor, secure element, and proprietary software. By seamlessly integrating these components, Samsung provides the industry’s first all-in-one security chip solution for biometric cards. This groundbreaking achievement reduces production costs without compromising functionality, making it easier for banks and organizations to manufacture and distribute biometric payment cards.

Furthermore, Samsung’s proprietary fingerprint authentication algorithm and anti-spoofing technology ensure safer transactions, bolstering security and user confidence.

According to Gwanbon Koo, Vice President of the Security & Power Product Development Team at Samsung, “The product positions Samsung as a first mover in the next-generation payment IC market, and Samsung will contribute to the expansion of the biometric card market by presenting a completely new payment experience.”

New Era of Secure and Convenient Payments

Samsung’s Biometric Card IC heralds a new chapter in the world of payment security, offering cardholders an unprecedented fusion of convenience and protection. By replacing PINs and signatures with secure fingerprint authentication, this groundbreaking technology simplifies transactions, enhances security, and fosters financial inclusion.