Samsung has unveiled the industry’s first all-in-one security chip solution that can read biometric information through a fingerprint sensor. The chip can be used in all traditional card solutions, including credit, debit, and reward cards and allows customers to authenticate purchases in stores with a secure processor built-in.
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This type of solution has been created before, but Samsung’s new chip is the first to do it all in a single solution. It is embedded in the card itself, allowing biometric payment cards a faster and safer interaction when making purchases. This solution takes the convenience of contactless payments and adds the additional security layer atop, giving the user the peace of mind.
“The new security IC solution combines a fingerprint sensor, Secure Element and Secure Processor in one chip, with enhanced security features enabled by Samsung’s proprietary fingerprint authentication algorithm and anti-spoofing technology,” Samsung said in a statement.
Samsung says that the new technology removes the need to enter or even remember a PIN number, preventing fraudulent transactions made with lost or stolen cards. The new method would only need the person’s fingerprint signature, identifying and authenticating the person to make a safe and secure payment over the counter. While the card’s primary aim is to provide secure purchases, it could also be used to allow people to provide student or employee identification, membership, or building access.
“S3B512C combines a fingerprint sensor, Secure Element (SE) and Secure Processor, adding an extra layer of authentication and security in payment cards,” said Kenny Han, Vice President of System LSI Marketing at Samsung Electronics. “The S3B512C is primarily designed for payment cards but can also be used in cards that require highly secured authentications such as student or employee identification, membership or building access.”
