South Korea-based Samsung Electronics introduced its new fingerprint security IC (integrated circuit) with enhanced security features for payment cards and e-passes. It combines a fingerprint sensor, Secure Element (SE) and Secure Processor, Russian Forbes reports citing the company’s statement.The new solution is EMVCo and Common Criteria Evaluation Assurance Level (CC EAL) 6+ certified and performs in line with Mastercard’s latest Biometric Evaluation Plan Summary specifications for biometric payment cards.Kenny Han, Vice President of System LSI Marketing at Samsung Electronics, said the developed IC will add “an extra layer of authentication and security in payment cards.” It is primarily designed for payment cards but can also be used in cards that require highly secured authentications such as student or employee identification, membership or building access. Image by: Samsung Electronics The new security IC is the industry’s first all-in-one security chip solution that reads biometric information through a fingerprint sensor, stores and authenticates encrypted data with a tamper-proof SE, and analyzes and processes data with a Secure Processor.With the three key functions integrated in a single chip, the IC can help card manufacturers reduce the number of chips required and optimize card design processes for biometric payment cards. The partner of Fintech section is Tweet Views 20625