Samsung has unveiled what it calls the “industry’s first” all-in-one fingerprint security chip (IC) for payment cards. The S3B512C chip reads biometric information via a fingerprint sensor, stores and verifies data with a secure element (SE), and analyzes it with a secure processor. While it’s primarily designed for payment cards, it could also be used for “student or employee identification, membership or building access,” the company said.
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More importantly, the new chip could make it easier for banks and others to make biometric payment cards. The solution works according to Mastercard’s latest security specifications for payment cards, while also complying with international security standards (CC EAL 6+) for “protecting high-value assets from significant risks,” according to Samsung.
Last year, Samsung announced that it was working with Mastercard on a biometric scanning payment card with a built-in fingerprint reader. At the time, it said that the technology would “adopt a new security chipset from Samsung’s LSI business” rather than using Mastercard’s technology, so the new S3B512C chipset seems to be what it was referring to.
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The chip could enable “faster and more secure interactions when making purchases,” Samsung notes. It eliminates the need for a PIN code and even uses anti-spoofing technology to block fraudulent methods like artificial fingerprints. Samsung did not mention launch customers or other details.
Information source: engadget.com
