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FEATURE: PHYSICAL SECURITY
customers to pay securely, is Wirecard.
The company is a global innovation leader
for digital financial technology and is
reinforcing its position as a pioneer and
trendsetter for cashless shopping solutions.
Wirecard is introducing a smart payment
terminal at which consumers can pay by
scanning their palm.
The new prototype will expand Wirecard’s
portfolio in the area of biometric
payments and enable fast, convenient
payments without any further proprietary
infrastructure. This method will be able
to replace traditional cash registers in the
future. Wirecard is thus complementing its
facial recognition-based IoT shelf launched
in 2018, and is once again showing what
the shopping and payment experience could
look like in the future.
The new solution is not only suitable for
use in the retail industry but is also ideal for
admissions at events such as music festivals
and sports events, or in the mobility sector
including public transport or at the airport.
Consumers experience a seamless, digital
payment and shopping experience and can
even leave their smartphones or wallets at
home, ensuring a secure payment experience.
According to recent international research
conducted by Oxford University in
collaboration with Mastercard, the vast
majority of consumers (93%) prefer biometrics
over passwords for validating a payment.
Jörn Leogrande, Executive Vice President
of Wirecard Labs, said: “At Wirecard, we
strongly believe that biometrics will follow
smartphones as a major means of payment
and replace passwords in the future. With
Stephen Carney, Vice President of Product
Marketing, Physical Access Control Solutions
with HID Global
www.intelligentcio.com
the new palm scanner, the advantages for
consumers are clear – the scanner is fast,
simple and extremely secure due to the
uniqueness of everyone’s palm. We want
to shape the future of the retail industry
and consumer experience, and for this
reason are already developing tomorrow’s
technologies today.”
The Smart Biometrics solution works by
allowing registered customers to place
their palms on the biometric scanner for
identification. This triggers a real-time
payment via the digital Wirecard Financial
Commerce Platform.
Biometrics solutions for payment security
are seemingly becoming more and more
common. Computop, the global payment
processor, has announced Biometrics
by Computop, its new PSD2 compliant
biometric authentication service for online
merchants and banks.
With Biometrics by Computop, merchants
can take over the strong customer
authentication (SCA) in order to avoid
banks having to run their own two factor
authentication during the payment process.
Computop’s biometric authentication
service complies with the secure FIDO
standard (Fast Identity Online) and is
suitable for PSD2 compliant strong customer
authentication in online retail.
PSD2, Visa and MasterCard all allow
customer authentication to be trusted
to third parties. Computop Biometrics
enables merchants to process the biometric
authentication of their customers in
advance, avoiding the necessity for banks to
apply their own two factor authentication
(2FA) during the sensitive payment process.
Smartphone users typically opt for safe and
convenient biometric authentication using
fingerprint, face or voice recognition. FIDO
compliant Biometrics by Computop enables
merchants to apply biometric authentication
at an early stage in the shopping process
when customers are logging into the
merchant’s app or online store or during the
checkout process. Following this, Computop
Biometrics generates a digital signature
that can be transmitted to issuers together
with other 3D Secure 2.0 data as proof that
the merchant has already applied PSD2-
compliant strong customer authentication.
Running strong customer authentication
in advance allows merchants to avert
any problems associated with 2FA during
the payment process which helps to
improve conversion. Computop is already
implementing that process with a number of
significant retailers.
“What we are providing with Computop
Biometrics is a host of great advantages for
retailers. Biometric authentication can be
applied to app or shop logins in order to avoid
fraudulent account takeovers. This also helps
the customer experience, because biometric
authentication is so much better than a
typical PIN-TAN process,” said Ralf Gladis,
CEO at Computop. “For merchants, there is
increased complexity with the number of
different authentication methods used by
banks, but if they are able to process strong
consumer authentication themselves, the
customer journey will be standardised and
easier to support. In addition, the whole
process is GDPR-compliant and consumers can
be confident in knowing that biometric data
will never leave their own device. Computop’s
solution will verify cryptographic keys but will
never touch cryptographic data.” n
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