4 March 2021, 11:20 am EST By
Samsung announced that it will collaborate with Mastercard in order to develop a biometric scanning payment card that has a built-in fingerprint reader.
Samsung and Mastercard to create fingerprint payment card
The planned technology to be used for the fingerprint payment card is similar to that of Mastercard's biometric payment cards were launched back in 2017.
The biometric payment cards let you authenticate your purchases without you having to touch a keypad, according to Engadget.
As per Samsung's announcement, the new cards will adopt a new security chipset from Samsung's System LSI Business that integrates numerous key discrete chips instead of just using Mastercard's technology for their biometric payment cards.