World-leading biometrics company Fingerprint Cards (Fingerprints(TM)) today announced its partnership with IDEMIA, the global leader in trusted identities, to develop a new generation of payment cards, the dual interface biometric card aimed at enabling seamless payment transactions without compromising security.
With IDEMIA’s “F-Code” biometric authentication solution, fingerprint is the PIN. Fingerprints and IDEMIA, the world leader in trusted identities for an increasingly digital world, have combined their capabilities and knowledge to create a miniature biometric sensor in a payment card. The chosen sensor is the recently announced T-shape(TM) module which is part of the FPC1300-series by Fingerprints.
For retailers, there are no infrastructure changes to carry out and for consumers, use is simple since there is no need to remember a PIN code. Once the fingerprint is enrolled at the bank or at home, the user only needs to place a finger on the card to validate the payment transaction. This technology is improving fluidity at the checkout, benefiting both retailers and customers by removing the 20€ or 30€ limit for contactless transactions.
“Collaboration is key in the smartcard and card payments ecosystem. IDEMIA is a leading provider in payment cards. Together we aim to advance in the market for contactless biometric payment cards” says Thomas Rex, SVP, Business Line Smartcards, at Fingerprints.
“We chose sensor technology from Fingerprints as they are a leader in fingerprint sensors and systems with market proven leading edge biometric performance”, says Patrice Meilland, VP Powered Cards Business Line at IDEMIA.
OT-Morpho is now IDEMIA, the global leader in trusted identities for an increasingly digital world, with the ambition to empower citizens and consumers alike to interact, pay, connect, travel and vote in ways that are now possible in a connected environment. For more information, please visit www.IDEMIA.com. Follow @IDEMIAGroup on Twitter.
For further information, please contact:
Thomas Rex, Senior Vice President, Business Line Smartcards at Fingerprints
+46(0)10-172 00 10
+46(0)10-172 00 20
For more information, please visit: www.fingerprints.com
Follow @FingerprintCard on Twitter
Fingerprint Cards AB, Fingerprints, with its Swedish roots, is the leading global biometrics company, whose mission is to spearhead the development of biometric interaction that facilitates the convenience and integrity of the individual. Its value is proven daily by users in millions of devices, through billions of touches, who are their own key – quite simply, with a human touch. Fingerprints develops biometric systems comprising sensors, algorithms, software and packaging technologies. The success is based on product development at the cutting edge of technology, which results in world-leading products in terms of security, convenience and performance. The current product range consists largely of fingerprint sensors and customers are primarily manufacturers of smartphones and tablets, where the company is market leading. As the use of biometric solutions increases, Fingerprints is working to broaden its offering by using different biometric techniques, or modalities, and to identify other market segments where the solutions can be used, such as smart cards, PCs, automotive and online devices (IoT). Most of the more than 500 employees work in Sweden, but the company has offices worldwide, from Shanghai to Silicon Valley.