The Bank of Cyrpus has selected Gemalto, a global leader in digital security, to supply the world's first EMV biometric dual interface payment card, which can be used for both chip and contactless payments.
Rather than punching in a PIN code at a card reader, the contactless payment card has cardholders place their finger on a sensor to use biometric authentication instead. As the biometric sensor card is now powered by an embedded battery but the payment terminal itself, there are no limitations on the usefulness of the card based on the number of transactions performed over time.
Bank of Cyprus' customers will be able to enrolment for the biometric payment card at a bank branch, where their fingerprint template will be captured and securely stored only on the card.
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