Online Payments Simplified: Select Bank Now Permits Facial Recognition or Fingerprint Authentication for Transactions - Determine Your Compatibility
Federal Bank has revolutionised online card payments in India with the launch of its biometric authentication system. This innovative solution allows customers to validate transactions using their fingerprint or Face ID, replacing the traditional one-time password (OTP) method.
The new system, which complies with Reserve Bank of India guidelines for Two-Factor Authentication (2FA), uses biometrics in conjunction with device verification to enhance security. Customers authenticate payments by selecting their tokenized card at checkout and verifying the transaction via their device’s built-in fingerprint scanner or Face ID. If biometric authentication fails or is unavailable, the system falls back to OTPs for security.
This biometric authentication system aims to boost both security and convenience for users. By streamlining the checkout process, transactions can be completed in just 3 seconds, a significant reduction from the 30 seconds typically required with OTPs.
The biometric authentication page is the destination after being redirected from the checkout screen of the partner merchant app. To use this service, customers must first complete their biometric setup. This requires the mobile number linked to the merchant app to match the bank-registered phone number.
The software kit for enabling biometric authentication is provided by MinkasuPay and M2P for businesses. This system is currently available for Federal Bank debit and credit cardholders on select merchant apps supporting in-app payments—not on mobile web browsers.
Federal Bank plans to roll out the biometric authentication system to more platforms in the coming months, making secure and convenient online payments accessible to a broader customer base. With this innovative solution, Federal Bank customers can enjoy faster, more convenient, and secure online card payments on compatible Android or iOS devices.
Key points:
- Authentication via fingerprint or Face ID replaces OTPs.
- Two-factor authentication uses biometrics plus card/device verification.
- Setup requires the customer's phone number on the merchant profile to match their bank-registered number.
- Works only for in-app payments, not mobile browsers.
- Fallback to OTP is available if biometric verification fails.
- Available currently for select merchants with plans for phased expansion.
[1] Federal Bank's biometric authentication system for e-commerce card payments allows customers to validate online card transactions using their fingerprint or Face ID instead of traditional OTPs. [2] This makes payments faster, more secure, and more seamless by replacing the one-time password step with biometric-based two-factor authentication (2FA), which complies with Reserve Bank of India guidelines. [3] Customers authenticate payments by selecting their tokenized card at checkout and then verifying the payment via their device’s built-in fingerprint scanner or Face ID. [4] If biometric authentication fails or is unavailable, the system falls back to OTPs for security. [5] This solution significantly reduces transaction time from about 30 seconds with OTPs to just 3–4 seconds and is currently available for Federal Bank debit and credit cardholders on select merchant apps supporting in-app payments—not on mobile web browsers.
- The biometric authentication system developed by Federal Bank for online card payments leverages advanced technology, allowing customers to validate transactions using their fingerprint or Face ID instead of the traditional one-time password (OTP) method.
- By integrating biometrics with device verification and following Reserve Bank of India guidelines for Two-Factor Authentication (2FA), this innovative technology enhances security and creates a smoother checkout process, reducing transaction time from approximately 30 seconds with OTPs to just 3–4 seconds.
