Nitecrest begins production of biometric payment cards
Plastic card manufacturer Nitecrest has begun producing pioneering fingerprint activated payment cards at its Leyland facility.
The introduction of biometrics to payment cards enables contactless payments for amounts above the current threshold of £30 by using a fingerprint identification panel.
Fingerprint Card payments can be made at any existing point of sale terminal. The dual interface payment card uses the energy it needs from the payment terminal by means of NFC (Near Field Communication) technology.
Whilst the roll-out of this technology in banking cards is in early adoption stages, it expected to be on millions of units by 2023.
Nitecrest manufactures banking and payment cards in a VISA and MasterCard secure facility in Leyland through its financial services operation, TagNitecrest.
The 120,000 sq ft site holds the ISO 27001 security stamp, and is home to a range of machinery for the manufacturing of plastic cards, paperboard cards and associated literatures such as packaging and stationery.
The physical payment card market is experiencing a resurgence in creativity and innovation.
Leeroy Pye, CEO of TagNitecrest, said: "TagNitecrest is continuing to push boundaries and we are committed to researching and developing the latest payment technology. Biometrics combines the speed of contactless with the security of fingerprint identification.
"With millions of payments cards in circulation we see a fantastic opportunity for our investment in this new technology."
Ronnie Hart, group chairman at Nitecrest, added: "The physical payment card market is definitely experiencing a resurgence in creativity and innovation.
"Challenger banks have the flexibility to be creative, from pantone coloured cards, coloured edging, metal cards and environmentally friendlier cards. The card suppliers are being challenged and TagNitecrest is excited to be up there, leading the way."