Cartes Bancaires pilots biometric technology in payment transactions

French interbank network Groupement des Cartes Bancaires CB is piloting the use of biometric technology in payment transactions.

Cartes Bancaires pilots biometric technology in payment transactions

French interbank network Groupement des Cartes Bancaires CB is piloting the use of biometric technology in payment transactions.

The company is intending to approve a potential authentication standard across the CB system by 2014-end, in line with the Natural Security Alliance’s objective to introduce a simplified and secure payments network.

Natural Security Alliance CEO Cédric Hozanne said, “Its approval will enable French banks to offer their clients a new payment method that through reinforcing security will bring simplicity, peace of mind and practicality.”

Under the biometric authentication method, the cardholder will have to place his or her finger on a biometric reader in store or at an ATM to authorize a payment or cash withdrawal. Besides simplifying the authentication process, the biometric also ensures security as the presence of the cardholder is required for the transaction.

CB’s first approval would feature a blend of biometry and a chip integrated into a keyfob, while integration of the chip into a micro-SD card of a mobile phone is also being looked at.

Groupement des Cartes Bancaires CB CEO Gilbert Arira said: “CB must anticipate technological developments likely to be used in payment, and biometry is one of these. The banking community believes that biometry can generate added value on both functional and operational levels.”

The technology also ensures the user’s privacy and personal data protection, as the biometric data stored in the chip integrated into the key ring, rather than a centralized database.