Biggest development in cards
Royal Bank trials fingerprint security payment system
No PIN will be required to pay for goods or services up to the value of £30,
David Crawford, head of effortless payments said: “We are using the very latest technology across our business to make banking easier for our customers and biometric fingerprint cards are one of the many technologies we are exploring further. This is the biggest development in card technology in recent years and we are excited to trial the service.”
Royal Bank is working closely with digital security company Gemalto along with Visa and Mastercard to bring the service to customers in the UK. The pilot scheme will involve just 200 customers.
Howard Berg, UK managing director of Gemalto, said: “Using a fingerprint rather than a PIN code to authorise transactions has many advantages, primarily enhanced security and greater convenience. Cardholders can pay quickly and easily with just a simple touch, and they no longer need to worry about the limit on contactless payment transactions.”
More details on the pilot are set to be released in the coming weeks.