IDEX Biometrics appears to be accelerating down the path toward biometric payment card commercialization, announcing major certifications and a significant new order for its TrustedBio fingerprint sensor solution.
The latter came from IDEMIA, IDEX’s longstanding partner in biometric payment cards. The companies officially unveiled their joint solution in the spring of this year, and IDEX has now revealed that IDEMIA has placed the largest production order that IDEX has seen to date for the TrustedBio sensor.
The sensor will be integrated into IDEMIA’s F.CODE payment card, and IDEX says deliveries for the order will begin early next year. In a statement announcing the order, IDEX explained that it “represents a material increase” to the company’s current backlog.
IDEX Biometrics CEO Vince Graziani added that it’s a “significant additional booking” from IDEMIA.
“Our joint development has resulted in a highly integrated, biometrically-enabled smart card with industry leading performance,” he said. “This order is representative of the rapid increase in demand we are seeing for smart cards secured by fingerprint authentication.”
The order arrives alongside important certifications from Mastercard and Visa. Each of the financial services giants has issued a Letter of Approval for IDEMIA’s F.CODE solution, effectively verifying to merchants, issuers, and other players in the payments ecosystem that the biometric card will be fully functional with EMV payment systems, just like any other EMV card.
IDEMIA’s order would seem to be a natural consequence of the certifications, which open the door to large-scale commercial deployments of its fingerprint-scanning card around the world. For IDEX, the developments amount to validation of its prospects as a major supplier of biometric technology for what could be the next big wave in payment card technology.
“Fingerprint biometrics is one of the major technology developments for smart cards in recent years and, enabled by our proprietary solution approach, will play a critical role in the future of payments delivering a better, more secure payment experience,” Graziani asserted.
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November 4, 2021 – by Alex Perala
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