The Bank of Cyprus has contracted Gemalto , a digital security company , to launch the world 's first EMV payment card that supports biometric authentication for both cash and chip payments in Cyprus . The card , which is powered by the payment terminal it is being used on and does not require an embedded battery , uses in - built fingerprint - scanning technology to authorise payments when used at a terminal . Users undergo an initial enrolment process that captures their biometric fingerprint data and transfers it to the card ; the biometric data then remains on the card and is not stored anywhere else .
The Bank of Cyprus has selected Gemalto, a digital security provider, to launch the world's first EMV payment card that enables biometric authentication for both contactless and chip payments in Cyprus. The card, which is powered by the payment terminal it is being used on and does not require an embedded battery, uses in-built fingerprint-scanning technology to authorise payments when used at a terminal. Users complete an initial enrolment process that captures their biometric fingerprint data and transfers it to the card; the biometric data then remains on the card and is not stored anywhere else.