OT-Morpho has announced the creation of the market’s first complete range of biometric payment cards, a range which reinforces payment security. It can also help governments distribute social benefits, knowing that they reach no one else than the eligible (proof of life) citizen. Banks can also use the biometric card as a differentiating factor to keep their card ‘top of wallet’ for their customers. Further, biometric cards will take contactless payments to the next stage. As a customer authenticates the payment by holding his/her finger onto the biometric card, the added security enables merchants to extend the threshold of contactless payments, which are currently capped at smaller amounts.
Read more here.
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