CB Bank, France’s national interbank network, is currently evaluating the use of biometry in payment transactions and is expected to approve the authentication standard defined by Natural Security for use in its card system, before the end of the year.
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.
Gilbert Arira, CEO of CB Bank, said: "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," Arira added.
Cedric Hozanne, CEO of Natural Security Alliance, said: "The 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."