Visa launches EMV Chip-based Biometrics

Visa opens technology development center in Bangalore
Visa on Tuesday launched a new specification to use biometrics with chip card transactions, designed to work with the Europay, MasterCard, Visa chip industry standard.

“There is increasing demand for biometrics as a more convenient and secure alternative to signatures or PINs, especially as biometrics technologies have become more reliable and available,” said Mark Nelsen, senior vice president of Risk Products and Business Intelligence, Visa Inc.

Visa noted that with EMV chip standard, biometric cardholder verification can be seamlessly integrated with the technology used by 3.3 billion chip cards around the world.

The company said Absa Bank will be the first to use Visa’s specification to develop a proof of concept trial beginning this fall. Cardholders will use fingerprint readers at select Absa-owned ATMs in lieu of a PIN to complete transactions.

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