Last year APSCA organised the world's first conference and exhibition on Powered and Next-Generation Cards. In 2018 this trailblazing industry event will focus on the fastest moving product category for next-generation cards: Biometric EMV Contactless Payment Cards. The conference will combine thought leadership, innovation and best practices from end-users and solutions providers.
The first day of the conference is an industry session focused on the cards manufacturing supply chain and the biometric cards manufacturing business. This session will cover the business and technology for manufacturing the next-generation of biometric EMV contactless payment cards and what is now required for the industry to transition from niche to mainstream volume products.
Biometric Payment Card Seminar
The second day of the conference is a seminar for card issuers, card schemes and industry covering the business and technology of developing biometric EMV contactless payment card products and issuing them to customers. The seminar will include case studies of biometric card trials and rollouts and perspectives from three of the leading international payment schemes.
A targeted exposition of latest biometric card and next generation card solutions will be held with the conference. The exposition will provide an opportunity for card issuers and card schemes from across Asia to view and learn about latest developments and opportunities to create next-generation card products for their customers.
In the new era where all retail payment cards and bank cards transition to contactless, this seminar will inform banks about how all EMV contactless card transactions will be secured by frictionless cardholder verification, for low value and high value transactions, eliminating lost and stolen card fraud.
Global migration to EMV contactless payments
The Mastercard and Visa contactless mandates are now less than 6 months away. From October 2018 all new acceptance terminals must be EMV contactless enabled and from April 2019 all new cards issued must have EMV contactless technology. Domestic payment schemes are also moving to EMV contactless payments, as are transit payment schemes. EMV contactless will be the new baseline for all retail payment and bank cards.
Protection for lost and stolen EMV contactless payment cards
The convenience of not requiring a CVM for low value EMV contactless payments means that fraudsters can continue to make payments on lost and stolen cards below the contactless threshold until cards are reported lost. Biometric EMV contactless payment cards will prevent fraudsters from making payments on lost and stolen cards and remove the adverse media coverage and customer concerns raised by fraudsters on stolen card spending sprees.
Prevention against RFID hacking of EMV contactless payment cards
Adverse media coverage generated by contactless skimming scams and hacker demonstrations, while difficult or impossible to reproduce, creates negative publicity which alarms cardholders and can discourage them from using their EMV contactless payment cards. Regulators, payment schemes and even issuing banks have felt it necessary to reassure cardholders through public statements. Biometric EMV contactless payment cards will completely remove these scenarios once and for all.
Removing the limitations of the contactless payments threshold
Today it is difficult or impossible for cardholders to make higher value EMV contactless card payments because PIN is not an intuitive or ergonomic fit with a contactless tap. Biometric contactless payment cards enable secure and convenient higher value contactless card payments above the contactless transaction threshold, since every contactless payment simultaneously verifies the cardholder through their fingerprint on the on-card biometric sensor.
Everything that card issuers need to know
The seminar on biometric smart cards will cover everything that managers at card issuers need to consider when developing biometric smart payment card products for their cardholders, including:
APSCA is inviting participants from across Asia and around the world that are leaders from financial institutions, government, systems integrators and the payment and identity card supply chain.
Any of the following should attend:
- Payment card and bank card issuers
- Issuers of secure identity documents
- Domestic and international payment card schemes
- Manufacturers of next generation payment cards and identity documents
- Production and personalisation equipment suppliers for next-generation cards
- Suppliers of components and devices to be integrated into next-generation cards