The contactless feature on payment cards is increasingly becoming popular, mainly because users can easily and more effectively make instant payments. However, contactless cards are not immune to fraud.
Instances of thefts relating to contactless cards doubled in just 10 months during 2018, according to Action Fraud, the national reporting centre for fraud and cybercrime.
Biolock
SoftServe`s R&D & FS Lab teams have developed a solution making card payments more secure by using bio authentication.
UNIQUE BIO
Each person possesses unique body bio characteristics.
biolock solution
Payment Card Bio-Authentication uses cutting-edge technology to measure, identify and record individual parameters of human body's resistance to electrical currents. This technology is known as Bioelectrical Impedance Analysis (BIA).
BIA technology powers BioLock by analyzing unique bio body characteristics to authenticate the card holder`s true identity.