Samsung built a fingerprint security chip for payment cards, employee IDs and more

The all-in-one chip for payment cards is the first of its kind. The S3B512C chip stores andauthenticates data with a secure element and analyzes it with a secure processor. The company said it could also be used for student or employee identification, membership or building access.The new chip could make it easier for banks to make payment cards with fingerprints. The solution performs in line with Mastercard's latest security specifications for payment cards, while also conforming to international security standards for protecting high-value assets against significant risks.A year ago, the two companies announced that they were collaborating on a payment card with a built-in fingerprint reader. It said at the time that the tech would "adopt a new security chip from LSI business rather than using Mastercard's tech", so the new S3B512C is what it is referring to.The chip could allow for faster and safer interactions when making purchases. It eliminates the need for a PIN code and uses anti-spoofing technology to block fraudulent methods.People are still using their cards to make purchases in 2022. The chip has the potential to make payment cards more popular. There were no mention of any launch customers or other details.