You are here: Home - Saving & Banking - News -

Natwest to trial fingerprint payment cards

Written by:
Natwest is set to pilot a biometric bankcard, which will let customers verify transactions using their fingerprint.

If the trial is successful, people will be able to spend more than £30 using contactless cards and it could mean the end of PIN numbers.

The bank has selected 200 customers to take part in the trial, which is due to begin in the coming weeks and is a UK first.

David Crawford, head of current accounts at Natwest, said: “We are using the very latest technology across our business to make banking easier for our customers and biometric fingerprint cards are one of the many technologies we are exploring further. This is the biggest development in card technology in recent years and we are excited to trial the service.”

NatWest is working with digital security company Gemalto along with Visa and MasterCard to bring the service to customers in the UK.

Enhanced security and greater convenience

Howard Berg, UK managing direcor of Gemalto, said: “Using a fingerprint rather than a PIN code to authorise transactions has many advantages, primarily enhanced security and greater convenience. Cardholders can pay quickly and easily with just a simple touch, and they no longer need to worry about the limit on contactless payment transactions.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Bring back childcare vouchers, says new campaign  

A campaign has been launched to bring back childcare vouchers just months after they were scrapped.