Fingerprint sensor developer IDEX ASA has announced that it has entered into a new strategic partnership with a global payments company. While the name of the company remains undisclosed, the company has indicated that the partnership will see the development of a biometric payment card program around the world.
With the use of fingerprint sensors in mobile devices growing expansively, particularly with respect to the also rising prominence of mPayment platforms, IDEX and its partner see an opportunity to push biometric payment cards into the global payments market as well. Indeed, major financial institutions such as MasterCard have already been developing their own biometric credit cards in accordance with these market trends. For IDEX’s part, the company is a particularly strong partner for the development of such cards, given how its patented off-chip technology allows for bendable fingerprint sensors well-suited to plastic payment cards.
In a statement, IDEX CEO Dr. Hemant Mardia expressed his company’s pleasure at having been chosen for the project, and said development would start this year. While he stressed the important of IDEX’s “compelling low cost, turnkey fingerprint sensor solutions” to the project, he also acknowledged the major benefits that its involvement will bring to his company. “This partnership is expected to enable IDEX to secure a leading position in this emerging mass market for fingerprint sensor based biometric cards,” he said.
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June 30, 2015 – by Alex Perala
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