IDEX Dual-Interface Biometric Card Tech to Be Used for Banking on Major Chinese Payment Network

“Having a sensor suitable for dual-interface cards is very important to meet customer demand, especially in the banking segment.” – Stan Swearingen, CEO, IDEX

IDEX‘s fingerprint sensor technology for dual-interface smart cards has passed “engineering integration and validation” tests with authentication and transaction security specialist Feitian, the company has announced.

IDEX and Feitian first announced their partnership toward the end of last year, after they had developed a dual-interface biometric card offering applications in access control, government ID, and payments. Now, it appears they have honed their focus on the latter, with IDEX CEO Stan Swearingen explaining in a statement that their newly validated card solution is intended “for banking on a major Chinese payment network.”

Swearingen also said that Feitian had offered “very positive” feedback on IDEX’s biometric card solution, which is designed to operate with standard NFC terminals with no need for a battery, and is based on polymer material allowing for flexibility and low production costs. “IDEX is on track for commercialisation of the sensor, which will be important in this rapidly growing market,” Swearingen added.

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Read our recent interview with Stan Swearingen, CEO, IDEX

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“Having a sensor suitable for dual-interface cards is very important to meet customer demand, especially in the banking segment,” said Swearingen. “Although we do see demand for contact based only solutions, the convenience of a contact-less ‘tap and pay’ experience is unrivalled. With a biometric sensor, issuers can add security to the experience.”

Indeed, the market does seem to be emerging rapidly, with last week’s news that Mastercard is in talks with UK banks over the deployment of its own biometric payment cards, which feature IDEX biometric technology. For its part, IDEX recently joined the Asia Pacific Smart Card Association, paving the way for the deployment of its technology with Feitian and other potential partners in the region.

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July 16, 2018 – by Alex Perala