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- IDEX Biometrics Payment Card Solution Reaches Certification Milestone With Mastercard
IDEX Biometrics payment card solution reaches certification milestone with Mastercard
13 Apr 2023 08:23 CEST
Oslo, Norway - 13 April 2023 - IDEX Biometrics has achieved an important
certification milestone by successfully passing Mastercard's Fingerprint Test
Assessment Summary (FTAS) for its latest generation biometric sensor. This
sensor is a core element of the IDEX Biometrics complete payment card solution,
which also includes Infineon's SLC38 secure element and IDEX Biometrics
proprietary card operating system.
FTAS is a significant milestone in a comprehensive certification process and
ensures biometric performance, latency and required security specifications are
met. This Mastercard certification represents a critical step in a comprehensive
certification process and confirms that the industry leading IDEX Biometrics
payment card solution is ready for commercialization.
IDEX Biometrics currently has agreements with 10+ card manufacturers globally,
who will launch biometric smart cards based on the certified IDEX Biometrics
payment card solution.
"This is an important milestone for IDEX Biometrics affirming our biometric
solution's compliance with highest security and functionality standards to card
manufacturers, issuers and banks. With reduced cost, risk, and time-to-market
for the manufacturers, our certified biometric solution enables market
acceleration and meets the growing demand for secure payments," says Vince
Graziani, Chief Executive Officer at IDEX Biometrics.
For further information contact:
Marianne Bøe, Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com
(mailto:marianne.boe@idexbiometrics.com)Tel: + 47 918 00186
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) is a global technology leader
in fingerprint biometrics, offering authentication solutions across payments,
access control, and digital identity. Our solutions bring convenience, security,
peace of mind and seamless user experiences to the world. Built on patented and
proprietary sensor technologies, integrated circuit designs, and software, our
biometric solutions target card-based applications for payments and digital
authentication. As an industry-enabler we partner with leading card
manufacturers and technology companies to bring our solutions to market.
For more information, visit www.idexbiometrics.com
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TRADEMARK STATEMENT
IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics
ASA. All other brands or product names are the property of their respective
holders
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act
More information:
Access the news on Oslo Bors NewsWeb site
Source
IDEX Biometrics ASA
Provider
Oslo Børs Newspoint
Company Name
IDEX BIOMETRICS
ISIN
NO0003070609, NO0013107490
Symbol
IDEX
Market
Oslo Børs