Zenith

  • Latest News

    Wednesday, November 3, 2021

    Mastercard Certifies Biometric Smart Card Secured by IDEX Biometrics


    IDEX Biometrics ASA today announced that Mastercard has fully certified IDEMIA Group’s F.CODETM biometric smart card platform, secured by IDEX Biometrics’ TrustedBio® fingerprint authentication solution.

    This is an important achievement for IDEX Biometrics, as IDEMIA is now able to begin high-volume deployment of its best-in-class F.CODE payment card to meet the increasing market demand for fingerprint authenticated payment cards.

    The Letter of Approval (LOA) issued by Mastercard gives assurance to the payment ecosystem that the biometrically-authenticated F.CODE payment card will seamlessly be accepted across Mastercard’s global network, increasing security for millions of consumers, merchants, and issuers.

    According to the Nilson Report, Mastercard has approximately 2.5 billion cards in current circulation, a figure that is expected to grow by 29% over the next five years.

    Vince Graziani, Chief Executive Officer of IDEX Biometrics, commented, “Completion of the Mastercard certification process by our partner IDEMIA, is another significant achievement for IDEX Biometrics.

    We now have certified biometric solutions with the top three global payment networks, allowing for deployment of biometric cards, together with our integration and issuer partners, at a rapid pace to over 15 billion consumers.

    We are happy that our TrustedBio solution is contributing to the ground-breaking performance and cost profile of our partner’s biometric payment card platform.

    • Blogger Comments
    • Facebook Comments

    0 comments:

    Item Reviewed: Mastercard Certifies Biometric Smart Card Secured by IDEX Biometrics Rating: 5 Reviewed By: BrandIconImage
    Scroll to Top