Credit card fraud is like certain strains of bacteria, it evolves as fast as a new 'cure' is created, but hopefully the Biometric Credit Card will slow it down more than previous solutions. It centers around the idea that people's handwriting is as unique as their fingerprint. By analyzing the signatures associated with each Biometric Credit Card, it will be able to determine whether they are authentic or not.
The Biometric Credit Card was developed by Fraunhofer Institute for Computer Graphics Research (IGD). Essentially, it comes with a chip that stores the biometric information of the owner’s signature, which is give with the credit card. The only catch is that many people don't have to sign a credit card purchase anymore.
Stats for Signature-Authenticating Money Cards
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Concept: Biometric Credit Card
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