Payment with Biometry Soon Available in the CB Bank Card System

(Before It's News)

Payment with Biometry Soon Available in the CB Bank Card System

Payment with Biometry Soon Available in the CB Bank Card System.
France’s national interbank network, Groupement des Cartes Bancaires CB, is currently evaluating the use of biometry in payment transactions and is expected to approve a strong authentication standard, defined by Natural Security for use in the CB system, before the end of the year.

The objective of the authentication method defined by the Natural Security Alliance is to simplify and secure payments. The cardholder simply has to place his or her finger on a biometric reader in store or at an ATM to validate a payment or cash withdrawal.

The first CB approval will involve the association of biometry and a chip integrated into a keyfob. Integration of the chip into a micro-SD card of a mobile phone is also being studied. Highly convenient, the user keeps the keyfob or telephone on his or her person, for example in a pocket or handbag, without needing to present it physically to pay or withdraw cash.

http://www.trunews.com/payment-biometry-soon-available-cb-bank-card-system/

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