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CybersecurityManagementSecurity NewswireLogical SecurityCybersecurity NewsBanking/Finance/InsuranceGovernment: Federal, State and Local

Spain to implement biometric debit and credit cards

By Security Staff
black debit card with chip

Image via Unsplash

April 24, 2023

Spain has announced that the country will be moving away from mag stripe credit and debit cards in exchange for fingerprint-activated cards.

Because of the risk of mag stripes being read and copied, Spain has announced that card issuing banks will stop using magnetic stripes on their cards and replacing existing credit cards with fingerprint biometrics cards. 

The switch is supposed to begin in 2024, with banks only issuing new cards that only have a fingerprint scanner. The system works in combination with a chip to confirm the user's identity during a transaction. 

KEYWORDS: bank security biometric payments biometric security credit card theft transaction

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