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Biometric Secured Credit Card – Everything You need to know

by Dibyajyoti

In this day and age, where all you have to do is simply tap your card against a payment portal in order to receive your goods you may be wondering, what is the point in a fingerprint credit card?

Perhaps you may have noticed when you’re tapping your card that you are limited on the value you can pay for one particular good, i.e. if a good exceeds $50 you will have to use your pin. However, with the introduction of the fingerprint credit card, this will no longer be the case due to the added security.

Before we continue any further let me just explain how the card works. The biometric authentication stores the details of your fingerprint directly onto the card. In this case, there is no central database a hacker could potentially breach and steal the details of your card or fingerprint. In addition, it is an added layer of security to tapping your card and prevention against those who may be looking over your shoulder at an ATM to see your pin. Furthermore, you’ll no longer have to experience those awkward moments where you forget your pin at checkout and lock your card. Also, the fingerprint data stored in your card’s local drive, so no hacking over the network.

While there are many added benefits to the card it also comes with some challenges. For instance, the fingerprint credit card is still in its trial phase and when it reaches commercial rollout it may not be free. Currently, it is estimated that the card may cost $20. In addition, with digital wallets stored on phones and fingerprint scanners almost in every phone now they might prove to be a poor investment. However, they may be feasible for those lacking modern technology.

Currently, Visa and Mastercard are in the trial phase of testing these cards among the general public in limited locations. Their commercial release date to the wider public is unknown.

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