Swedish challenger Rocker has teamed up with IDEX Biometrics and identity authenticator Idemia to launch a biometric payment card, the first of its kind in Sweden.
The payment card uses IDEX’s fingerprint sensor to authenticate a transaction instead of a personal identification number (PIN).
Rocker Touch is part of the challenger’s strategy “to offer smart and secure payment solutions on all platforms, whether you want to pay with your mobile, a card or by bank transfer”, explains Andreas Norberg, vice president of Rocker, savings and expenses.
“As a challenger bank, we are constantly testing new technologies to develop smarter financial services,” Norberg says, and the “premium product” will be offered as a new service within its retail financial services suite.
The biometric payment card is certified by Visa and Mastercard and will work with any payment terminal.
The cards allow payments via an in-card fingerprint sensor. Biometric data is securely stored in the chip and never leaves the card.
With enhanced security, there is no upper limit to contactless transaction.
Rocker, based in Stockholm, offers loan and savings products, peer-to-peer (P2P) payment services and Rocker Pay, its buy now, pay later (BNPL) offering.