Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

A UK bank is testing credit cards which use fingerprints to verify transactions

A UK bank is testing credit cards which use fingerprints to verify transactions

The way people bank and pay for goods and services is changing at a fast pace.
In the U.K., the last few years have seen a step change in the way people bank, with contactless payments becoming increasingly popular.

Looking ahead, as technology develops biometric cards could become more and more common.

Major U.K. bank NatWest has started a three-month trial of a biometric credit card.

The pilot, launched Monday, is in partnership with MasterCard and digital security firm Gemalto, and involves 150 customers.

If a contactless transaction is greater than £30 ($36.66), the customer’s finger print can be used to verify the transaction. If the purchase exceeds £100 the card is inserted into a card terminal, with verification again coming from a fingerprint.

At ATMs, cardholders will still need to enter a PIN. The card can also be used for buying goods online and works with current contactless and Chip and PIN devices, the bank added.

Users can register their fingerprint on the card at home. When a fingerprint has been “locked” onto the card, it can’t be altered. Biometric data doesn’t leave the card and is not shared with either the merchant or bank, according to NatWest. In addition, fingerprints are not stored in the cloud.

Earlier this year NatWest, which is a member of the RBS Group, launched a trial of biometric debit cards. Debit cards are connected to a customer’s checking account and are used to take money from ATMs and pay for goods in stores or online. Each debit card has a PIN number which is used to verify withdrawals, and where necessary, in store purchases.

In a statement Monday, Georgina Bulkeley, NatWest’s director of innovation, said the biometric debit card pilot had been successful and that the bank was now “looking to test the technology further with credit cards.”

“This is the biggest development in card technology in recent years and not having to enter a PIN not only increases security but makes it easier for our customers when paying for goods or services,” she added.

In the U.K., the last few years have seen a step change in the way people pay for things. According to U.K. Finance’s UK Payment Markets 2019 report, the number of contactless payments in 2018 hit 7.4 billion, an increase of 31% from 2017. In the years ahead, biometric cards could become increasingly common as technology develops.

“The lack of obstacles inhibiting the introduction of biometric cards — from integrated Chip and PIN machines to ATMs — suggests that if this trial is successful, biometric cards could soon become the norm, just like paying with your phone has rapidly become routine for many people in recent years,” Simon King, a partner at Octopus Ventures, said in a statement sent to CNBC via email.

Banking is one of many sectors in which biometric verification systems are starting to be deployed.

Today, some Samsung phones can be unlocked with iris scanners, while Apple’s Face ID uses facial recognition technology to secure iPhones and iPad Pros.

In aviation, the Australian airline Qantas recently wrapped up a trial of facial recognition technology at Sydney Airport. According to the company, over 4,000 people signed up to use their “face as a boarding pass,” with more than 200 flights leaving the airport with passengers who had used the technology.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
United Nations Calls for Global Action Against Disinformation and Hate Speech Online
Tucker Carlson warns of an inevitable clash in Western societies over mass migration
OpenAI CEO Sam Altman praises the rapid progress of Chinese tech companies.
Poland's President Karol Nawrocki ENDS support for Ukrainian citizens:
Italy's PM Giorgia Meloni highlights record employment and economic growth
Chancellor Friedrich Merz Re-elected as CDU Leader, Opposes AfD Influence
Trump Directs Government to Release UFO and Alien Information
Trump Signs Global 10% Tariffs on Imports
UK Government Considers Law to Remove Prince Andrew from Royal Line of Succession
Two teens arrested in France for alleged terror plot.
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
Greek Prime Minister Kyriakos Mitsotakis advocates for a ban on minors using social media.
Meanwhile in Time Square, NYC One of the most famous landmarks
Jensen Huang just told the story of how Elon Musk became NVIDIA’s very first customer for their powerful AI supercomputer
Former British Prince Andrew Arrested on Suspicion of Misconduct in Public Office
Former President Yoon Suk Yeol Sentenced to Life in Prison for Abuse of Authority
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
German Chancellor Friedrich Merz calls for real name use on social media.
Italian Police Arrest Man After Alleged Attempt to Abduct Toddler at Bergamo Supermarket, Child Hospitalised With Fractured Femur
British Tourist Arrested at Hong Kong Airport After Meltdown and Vandalism
European Commission Plans Purchase Incentives Limited to Vehicles Manufactured Largely in the EU
French District of Pas-de-Calais Introduces Immediate License Suspension for Drivers Using Mobile Phones
Volkswagen Targets €60 Billion in Cost Reductions as Sales Decline and Global Pressures Intensify
Eighty-Year-Old Lottery Winner Sentenced to 16.5 Years for Drug Trafficking
Rubio Calls for Sweeping U.N. Reform, Saying It Has Failed to End Wars in Gaza and Ukraine
10,000 Condoms Distributed at Winter Olympics 2026 Athlete Village Depleted Within 72 Hours
Poland's President Advocates for Evaluating Independent Nuclear Weapons Development
Mayor of Serdobsk in Russia’s Penza Region Resigns After Housing Certificates Granted to Migrant Family Trigger Public Outcry
China’s EV Makers Face Mandatory Return to Physical Buttons and Door Handles in Driver-Distraction Safety Overhaul
UK Green Party Considering Proposal to Legalize Heroin for an Inclusive Society
OpenAI and DeepCent Superintelligence Race: Artificial General Intelligence and AI Agents as a National Security Arms Race
We will protect them from the digital Wild West.’ Another country will ban social media for under-16s
Heineken announces cut of 6,000 jobs due to declining beer demand
Apple iPhone Lockdown Mode blocks FBI data access in journalist device seizure
Belgium: Man Charged with Rape After Faking Payment to Sex Worker
KPMG Urges Auditor to Relay AI Cost Savings
Canada Opens First Consulate in Greenland Amid Rising Geopolitical Tensions
China unveils plans for a 'Death Star' capable of launching missile strikes from space
Investigation Launched at Winter Olympics Over Ski Jumpers Injecting Hyaluronic Acid
U.S. State Department Issues Urgent Travel Warning for Citizens to Leave Iran Immediately
Wall Street Erases All Gains of 2026; Bitcoin Plummets 14% to $63,000
Eighty-one-year-old man in the United States fatally shoots Uber driver after scam threat
Political Censorship: French Prosecutors Raid Musk’s X Offices in Paris
AI Invented “Hot Springs” — Tourists Arrived and Were Shocked
France Begins Phasing Out Zoom and Microsoft Teams to Advance Digital Sovereignty
Tech Market Shifts and AI Investment Surge Drive Global Innovation and Layoffs
Global Shifts in War, Trade, Energy and Security Mark Major International Developments
Markets Jolt as AI Spending, US Policy Shifts, and Global Security Moves Drive New Volatility
Tesla Ends Model S and X Production and Sends $2 Billion to xAI as 2025 Revenue Declines
Starmer Signals UK Push for a More ‘Sophisticated’ Relationship With China in Talks With Xi
×