Samsung has been in the field of payment since its launch Samsung Pay, a unique payment method directly supported through its smartphones. Along with the convenience, it ensures high-grade security. In a bid to revolutionize the payment making and user experience, Samsung and Mastercard have declared they’re working on a charge card which authenticates your payment by means of a fingerprint scanner right on the card.
This implies is that there is limited physical contact using POS chip-and-pin systems in which you would normally need to enter your four-digit PIN. Rather than entering your PIN, you would just scan your finger or control on the reader, and also that functions as your confirmation it is – really – the person who owns the card trying to create the buy.
These cards may be used in any given Mastercard chip terminal or some other POS terminal.
Samsung has announced it will roll out this technology in its own home state of South Korea, in which it intends to establish a new biometric version of its Samsung Card afterward in 2021.