News

See Headlines »

Related Companies

BNP Paribas

Editorial | what does this mean?

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

BNP Paribas to charge €24 a year for biometric card

French bank BNP Paribas is offering its Visa Premier cardholders the chance to upgrade to a contactless fingerprint option - for a €24 annual fee.

BNP began trialling the cards - which use technology from Thales - with customers last year.

They enable users to make contactless payments above the usual limit by placing a finger on the card at the point-of-sale.

According to local reports, all customers will be offered the biometric cards later this year but will have to pay an extra €24 on top of their existing €134 annual card fee.

Related Companies

BNP Paribas

Lead Channel

Security

Channels

Retail banking Payments

Keywords

Biometrics Cards Eftpos

Editorial | what does this mean?

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Comments: (5)

A Finextra member 27 January, 2021, 09:42

Be the first to give this comment the thumbs up

0 likes

134 euros existing fee. Isn't that a bit too high.

A nice new feature rollout though.

Report abuse

Stavros Raftopoulos - Netcompany Intrasoft S.A. - Greece 27 January, 2021, 10:05

1 like

This is Visa Premier, so the fee may be justified by the benefits.

Report abuse

Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 27 January, 2021, 16:17

0 likes

@StavrosRaftopoulos + 1.

Visa Premier offers several benefits.

https://banqo.fr/en/blog/top-8-benefits-visa-premier.html.

For me, just the Travel Insurance is worth every bit of the €134 annual card fee. All other benefits are icing on the cake.

Fingerprint based contactless payments above usual limit is a very cool feature and well worth the extra €24 annual fee.

Report abuse

A Finextra member 27 January, 2021, 16:41

0 likes

I agree - the headline alone misses the point that the consumer is already paying a fee for additional services already and €24 add is relatively small.

What would be interesting to know is will this be offered to all account holders for the same price?

Anything that removes the need for PIN and makes the POS transactions contract free (and therefore germ free) is a big push in the current environment.