Zwipe Moving Ahead with Fingerprint-Scanning Credit Card

Zwipe Moving Ahead with Fingerprint-Scanning Credit Card

October 20, 2015         Written By Bill Hardekopf

Norwegian startup Zwipe is making significant advancements with its fingerprint ID technology, thanks to new financial backing from Photon Future. The Series B funding, topping off at $5 million, will allow the company to launch its contactless, biometric credit card as early as the first quarter of next year.

Zwipe first came to light more than a year ago when they partnered with MasterCard to work on the world’s first contactless credit card with a built-in fingerprint scanner. At that time, the plan was to get the card on the market by the end of this year, but some delays have pushed it to early 2016.

The Zwipe card uses its integrated fingerprint scanner to identify who you are when you use your card. This information is stored on the card itself, not on the cloud or an online server. The Zwipe card works much like any other contactless card, but doesn’t require a PIN or signature for identity verification. Instead, the card comes with a fingerprint scanner on the front that authorizes transactions on the spot. Simply place your finger over the chip and hold the card near the scanner. This makes it far less likely for someone to steal your information.

Biometrics technology has made huge strides over the last few years, with heartbeat scanners and facial recognition also in development. As Zwipe and other innovators create new solutions for the future, we may get one step closer to finally having a more secure credit card network.

The information contained within this article was accurate as of October 20, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Bill Hardekopf

Bill Hardekopf is the CEO of and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured Cash Back Card
Top Features : 1.5% cash back on all purchases; $150 bonus after spending $500 in first 3 months
Featured No Annual Fee Card
Top Features : Earn cash back TWICE. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : Perfect credit not required; Reports to major credit bureaus