Safran Identity & Security reveals its contribution to the new Mastercard biometric card
This new generation payment card combines chip technology and biometrics to a strong and convenient means of authentication at the Point of Sale (POS). Instead of entering a PIN, cardholders simply place their finger onto the card. Their fingerprint is then matched against the biometric template on the card.
Its ability to link an individual's biometric identity to a payment card opens up a wide range of new ways to use the card beyond authenticating payment transactions. Furthermore, the card helps issuers to reduce fraud and increase customer loyalty by ensuring that their card stays on top of their customer's wallets.
We are proud to leverage our unique biometric expertise and facilitate the future of payments together with Mastercard. Biometrics enables seamless payment transactions without compromising security.
Safran is a leading international high-technology group with three core businesses: Aerospace, Defence and Security (ongoing divestiture of Security business). Operating worldwide, the Group has 66,500 employees (Security included) and generated sales of 15.8 billion euros in 2016 (excluding Security). Safran is listed on Euronext Paris and is part of the CAC40 index, as well as the Euro Stoxx 50 European index.
Safran Identity & Security is a global leader in identity and security solutions. Backed by more than 40 years of experience in biometrics, the Group develops innovative technologies for identity management, secure payments and transactions, and public security for the public and private sectors. Located in 62 countries, Safran Identity & Security employs more than 8,000 people and generated revenues of 1.9 billion euros in 2016.
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