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Payment with Biometry Soon Available in the CB Bank Card System
|By Business Wire
|June 16, 2014 06:07 AM EDT
France’s national interbank network, Groupement des Cartes Bancaires CB,
is currently evaluating the use of biometry in payment transactions and
is expected to approve a strong authentication standard, defined by
Natural Security for use in the CB system, before the end of the year.
The objective of the authentication method defined by the Natural
Security Alliance is to simplify and secure payments. The cardholder
simply has to place his or her finger on a biometric reader in store or
at an ATM to validate a payment or cash withdrawal.
The first CB approval will involve the association of biometry and a
chip integrated into a keyfob. Integration of the chip into a micro-SD
card of a mobile phone is also being studied. Highly convenient, the
user keeps the keyfob or telephone on his or her person, for example in
a pocket or handbag, without needing to present it physically to pay or
Beyond the fact that biometry simplifies authentication by the single
act of placing a finger on a reader and without the need for a
confidential code, it reinforces security because the cardholder must be
present for the transaction.
Moreover, the implementation of this solution respects the user’s
privacy and personal data protection, as the user’s biometric data is
not stored in a centralised database, but remains in the chip integrated
into the key ring or telephone.
Gilbert Arira, Chief Executive Officer of the Groupement des Cartes
Bancaires CB comments: “CB must anticipate technological developments
likely to be used in payment, and biometry is one of these. The banking
community believes that biometry can generate added value on both
functional and operational levels. Having said that, the technology must
respect all requirements of the CB system, notably those of robustness,
security and interoperability, key foundations of the trust that CB
products inspire. It is on these points that we are working with the
Natural Security Alliance. The project is advancing rapidly and the
first payment solutions integrating biometry are expected to receive
approval by the end of the year”.
For Cédric Hozanne, CEO of Natural Security Alliance: “The approval
process commenced by the Groupement des Cartes Bancaires CB is an
essential step for adoption of our technology in payment and cash
withdrawal. Its approval will enable French banks to offer their clients
a new payment method that through reinforcing security will bring
simplicity, peace of mind and practicality. CB was the first to adopt
and promote use of the chip card as early as 1992, which has since been
adopted by all other countries. With the Natural Security standard, CB
is once again showing the way forward for the secure payment industry."
About Groupement des Cartes Bancaires CB
Groupement des Cartes Bancaires CB is a non-profit organization acting
as the governing body of the CB payment scheme to provide a universal
and interoperable card payment and ATM cash withdrawal scheme in Europe.
End 2013, CB has 126 members, comprising both banks and payment
CB is responsible for the system’s overall architecture, inter-member
rules & procedures and risk management. CB also defines technical and
security standards, and ensures that manufacturers and vendors whose
products and services are used in the CB system comply with these
Furthermore, CB operates an information system, providing its members
with high performance data mining tools and countermeasures in the fight
CB is one of the largest card payment schemes in the European Union with
61.7 million cards, 58,624 ATMs, 1.3 million CB merchants and a very
significant activity comprising 10 billion card transactions and a
turnover of 524 billion euros in 2013. For more information, visit www.cartes-bancaires.com.
About Natural Security Alliance
The Natural Security Alliance is a global community of preeminent
companies dedicated to accelerating the adoption and ongoing development
of Natural Security Technology based solutions. The Natural Security
Alliance is comprised of some of the most influential companies in world
from the retail, banking, payment provider, and IT Communities. All
Alliance members share a strategic commitment to delivering
mission-critical authentication and payment solutions based on secure
element, wireless and biometric technology. Visit www.naturalsecurityalliance.org
for more information.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140616005593/en/
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