Tap, Scan, Pay: Fingerprint Cards and IN Groupe Team Up for Next-Gen Payment Cards

So, here’s the deal: people are getting more and more into tapping their cards for payments, right? Well, these companies are betting big that we’ll all want cards with fingerprint scanners soon. They teamed up last November to make it easier and cheaper for card makers to crank these babies out.

Fingerprint Cards (they’re Swedish, by the way) has this nifty sensor called T-Shape® T2. It’s super energy-efficient and works like a charm. They’ve already shipped a million of these sensors for payment cards, which is pretty impressive.

Now, IN Groupe (they’re European) is bringing their SPS brand into the mix. They’re helping to make sure these high-tech cards can be mass-produced and sent all over the world. It’s not just about the sensor, though. They’re working on all the nitty-gritty details like how to build the cards, cut them to the right size, ensure security of the cards and get them certified.

Oh, and get this – the whole thing is built on some tech from STMicroelectronics called STPay-Topaz-Bio. Sounds fancy, huh?

Anyway, it’s all part of this big push to make our payment cards part of another payment gateaway and more secure and easier to use. No more fumbling with PINs or signatures – just tap and go with your fingerprint!

What this could mean for e-commerce

First off, these biometric cards could make online transaction way more secure. Imagine checking out on your favorite online store and instead of typing in a long card number and CVV, you just tap your card to a reader connected to your computer and scan your fingerprint. Boom! Payment done, and way less chance of someone stealing your card details.

This could be huge for reducing fraud in online transactions. That’s good news for both shoppers and sellers. Less fraud means fewer chargebacks for businesses and more trust in online shopping for customers.

It might also speed up the checkout process. No more fumbling for your wallet to type in card details – just a quick fingerprint scan and you’re done. This could lead to fewer abandoned carts and more completed purchases, which is great news for e-commerce businesses.

Of course, there might be some hurdles to overcome. People will need to get used to the new technology, and online stores will need to update their systems to work with these new payment methods. But if it takes off, it could revolutionize how we shop online.