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Old 09-03-2021, 15:26   #62
Chris
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Re: Contactless cards and the future of cash

Quote:
Originally Posted by RichardCoulter View Post
I'm surprised that something like fingerprints aren't now used instead of a PIN on cashpoint machines.
Your biometric data would have to be securely collected by your card issuer at the time you open the account. It’s not impossible to do but it would complicate the process a lot. ATMs would have to be updated and then card processing companies would come under pressure to replace every card reader with one that can read a thumb print. That would cost a fortune.

Most Americans don’t even have chip and pin yet, which is a pain in the ass when you’re trying to take a card payment off them with one of the small business friendly card readers out there, that work in conjunction with your phone or iPad because you end up asking them to sign your screen, and the result is illegible and rarely comparable with whatever’s on the back of their card.
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