Fingerprint-sensing payment cards unveiledOctober 18, 2014 - 12:50 AMT PanARMENIAN.Net - Zwipe and Mastercard have joined forces to develop the world's first contactless payments card with an embedded fingerprint scanner, Digital Spy reveals. The Zwipe Mastercard can be used to make secure payments at any outlet that supports NFC transactions, but only the card's owner is able to use it. The payment method ditches the PIN system used by other contactless payment cards, replacing it with biometric security. A prototype version of the Zwipe Mastercard, fatter than a conventional credit card due to the on-board power cell, was recently trailed in Norway. "Our belief is that we should be able to identify ourselves without having to use passwords or PIN numbers," said Ajay Bhalla, president of enterprise security solutions at Mastercard. "Biometric authentication can help us achieve this. However, our challenge is to ensure the technology offers robust security, simplicity of use and convenience for the customer. Zwipe's first trial is a significant milestone and its results are very encouraging." A slimmer second-generation version that draws its power from NFC payment terminals has since been developed, and is on course to be distributed in 2015. Photo: Mastercard Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |