Payment cards are gaining new capabilities as Visa has launched a pilot of a new dual-interface (chip- and contactless-enabled) biometric payment card with Mountain America Credit Union and Bank of Cyprus... Strong security: Fingerprint biometric is stored only on the card to ensure that a cardholder's data is protected.

The card will test the use of fingerprint recognition as an alternative to PIN or signature to authenticate the cardholder during a transaction. The pilot is being managed through the Visa Ready for Biometrics program, a new offering to support the growing demand for biometric technology in the payments category.

Here’s how it works. The cardholder enrolls th
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Good move! though long overdue.