Payment methods work on a highly advanced technology across the world. One of the forefronts of this trend is Contactless Payment. But the security issues slow down the adoption of contactless payments and cards.

Instead of trying out new biometric devices for secure payments, the EMV card providers and banks have chosen to enhance the existing technology. Due to many reasons, many countries are raising contactless limits and, are changing more rapidly than ever.

Remedy for contactless payment:

Biometric authentication gives an extra layer of security for contactless card payments to empower the financial world. It puts an end to remembering PIN codes. Biometric Security System on a smartphone is already commonplace.

Consumers are using it to unlock their mobile phones and are now ready to adopt this technology for more than just unlocking their smartphones. As mobile payments are rising in this technology-driven world, biometric payment cards are the best complement. It can enable harmonized authentication experience across form factors.

Companies are adopting contactless biometric authentication:

It is gaining popularity as consumers search for verification methods, which are considered efficient and secure. As a result, companies are developing these types of contactless biometric authentication systems, which are way similar to the Biometric Attendance Machine. Many banks are considering offering such types of biometric payment cards in order to deliver customers a more convenient and hygienic solution.

Its working is similar to the regular payments cards. Hence, it is one of the greatest solutions for the security issues in contactless payment.

Benefits of biometric payment cards

Biometric technology is gaining momentum in the payment card industry in the form of fingerprint sensing systems. Here are some of the benefits of using Biometric authentication mechanism in the payment cards which are as follows,

• It is a highly secure process when compared to the traditional PIN security system. As the biometric algorithms are able to exceed a great percentage of accuracy in authentication, it is really effective to use.
• It is simple to use. If you are in need of making the payment, the cardholders just need to touch the fingerprint sensor. Once the match is successful, the payment process is authorized, and you do not need to enter any PIN.
• PIN verification process is a bit time taking. But when you are using a biometric payment card, you can get instant access, thus saving your time.

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