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Our core technology is focused along three central areas: energy harvesting and power management systems, biometric authentication algorithms, and development of large-scale production methods.
For “contact payments”, will consumers use their fingerprint or will they use their PIN code as in standard dual-interface payment cards?
The card issuer may set biometric cardholder verification as the primary cardholder verification method for contact-based payments (as would be the case for contactless payments). In this case, offline or online PIN may be used as fallback.
Does the enrolled finger need to be used when using the card?
The payments ecosystem is constantly trying to manage the inherent trade-off between security and convenience. Often, making a system more secure means making it less convenient to use and vice versa. For example, regulatory authorities and issuers have imposed contactless transaction limits, capping the amount you can spend without cardholder verification.
Requiring cardholders to enter their PIN after holding their card to the terminal introduces friction to the payment process and, after the Corona pandemic, cardholders are reluctant to touch the PIN pad for hygiene reasons. Biometric payment cards based on Zwipe technology eliminate these issues without compromising security. Zwipe's technology does not require a centralized database: the user's biometric information is encrypted and safely stored on the card and nowhere else, protecting the user's right to privacy.
Yes, Zwipe offers tablet-based in-branch enrollment solutions. This is especially attractive for serving customers with a personal touch from the banks and also for financial inclusion programs.
What biometric performance does Zwipe Access achieve?
False Accept Rate (FAR) / and False Reject Rate (FRR) exceed payment scheme specifications (VISA and Mastercard). The FRR is comfortably below 3% for 0.01% FAR (1:10,000). The algorithm also provides presentation attack detection (“anti-spoofing”), per latest payment scheme requirements.