This 34-page white paper looks at whether biometric payment cards equipped with fingerprint-on-card (FPoC) technology are the future for payments, and the success factors crucial to ensuring widespread consumer adoption.
A big change is coming to the payment industry, NXP explains in the paper. Highly secure FPoC-enabled payment cards will enable consumers to use their fingerprint as a biometric to verify and protect the payment transaction.
But this new technology is unfamiliar to consumers. Some may be reluctant to make the change and be slow to adopt using FPoC for payments. Will FPoC payments catch on? And will consumers, retailers and banks welcome this new way of paying for goods and services?
‘What’s next for payment cards — An introduction to biometric authentication and Fingerprint on Card technology’ offers insights into the key elements essential to making a biometric card successful: a proven and secure architecture, seamless operation, and cost-effective production and deployment.
It also shows how to design FPoC cards to ensure increased security, the fastest performance and the highest integration, and how to ensure the best consumer experience to encourage widespread adoption and optimum return on investment.
‘What’s next for payment cards — An introduction to biometric authentication and Fingerprint on Card technology’ has been produced and sponsored by NXP and approved by the NFCW editorial team.
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This 34-page white paper is available free of charge to NFCW Knowledge Centre members (PDF format, 9MB).
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This item is part of What's New in Payments.