Visa is piloting a new dual-interface biometric payment card with West Jordan, Utah-based Mountain America Credit Union and the Bank of Cyprus, according the card network.
The chip card will test whether fingerprint recognition is a viable alternative to PIN or signatures for authenticating cardholders during transactions. The card is enabled for contactless transactions.
“The world is quickly moving toward a future that will be free of passwords, as consumers realize how biometric technologies can make their lives easier,” Visa head of Global Merchant Solutions Jack Forestell said. “As electronic payments expand dramatically around the world, Visa is committed to developing and investing in emerging capabilities that deliver a better, more secure payment experience.”
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