Today, Goldpac globally announces the latest developments in its fingerprint biometric smartcard products. This new product has attained certification with China UnionPay and has been awarded the relevant certificates paving the way for commercial deployment.
In smartphone-based mobile payment environments, use of fingerprint authentication as a means of biometric identification has achieved widespread use. However, in smartcard-based payment transaction environments, a gap still exists for card-based fingerprint authentication technology. The biometric fingerprint smartcard announced by Goldpac is precisely intended to fill this gap.
Through the use of fingerprint biometric identification, new banking smartcards can effectively address the potential concerns the industry had over accidental or malicious transactions associated with contactless banking cards. In addition, the biometric fingerprint recognition card announced by Goldpac successfully breaks free from the limitation of single application use cases. The new product enables one-card-multi-functional use and simultaneously supports financial transactions and identity verification as well as integration with other multi-application scenarios.
In the future, with the eventual announcement and mass adoption of DC/EP, hardware-based digital wallets built on biometric fingerprint smartcard platforms will play an increasingly important supporting role. This will ensure the enhanced security, convenience and greater inclusiveness of DC/EP.
As one of the earliest Fintech enterprises in China, Goldpac Limited has remained committed to the development of its n core vision of Making Transactions Secure and Convenient since its establishment in 1995, providing financial institutions with reliable product solutions and kiosks in the field of smart and secure payment and providing customers with a secure, convenient and efficient payment experience.
Goldpac Group Ltd. published this content on 01 March 2021 and is solely responsible for the information contained therein. Distributed by, unedited and unaltered, on 01 March 2021 06:21:05 UTC.