After having been the first bank in France to launch a new generation card equipped with a dynamic card verification value / code already adopted by more than 400,0000 clients*, Societe Generale is now experimenting with the biometric bank card.
Because the cardholder authenticates himself by means of his finger rather than entering the PIN code, all payments can be made using contactless with no limit on the amount. Furthermore, the card functions normally for all contact-type payments in-store, on the Internet or for withdrawals.
In pratical terms, on receipt of the card the cardholder records his fingerprint himself in the biometric card. The fingerprint is verified directly on the card. No element linked to this fingerprint is transmitted to the merchant or to the bank.
Just like the usual dynamic card verification value / code, which is reassuring for the client, this innovative solution forms part of the bank’s strategy of constantly improving user experience and remaining a trusted third party for the French people.
This bank card is based on the F.CODE technology developed by IDEMIA, the world leader in Augmented Identity.
*Launched in November 2016
**CB bank card group
Source: Societe Generale