NEXT Biometrics will soon be shipping its first batch of large-size FAP20 fingerprint sensors. Newland Payment Technology has placed the first purchase order for the sensors, and plans to integrate them into biometric payment terminals for an unnamed banking partner.
The sensors are expected to ship in March, while the deal itself stems from Newland’s ongoing collaboration with NEXT Biometrics. The two companies announced that they would be working together in May of 2019.
Though Newland is based in China, its undisclosed banking partner is a national bank outside the country. That bank is hoping that the fingerprint terminals will boost financial inclusion and give more citizens access to secure financial services.
“This first order will not have a significant revenue impact, but it is a strong proof-point of our customer focus and technology edge,” said NEXT CEO Peter Heuman. “The FAP20 sensor is subject to strong customer interest and we expect to see additional commercial orders during 2020.”
NEXT Biometrics has repeatedly touted the benefits of large-size fingerprint sensors, arguing that they achieve a higher image quality than smaller alternatives. The company’s Aadhaar-approved products have appeared in multiple Point-of-Sale terminals designed for the Indian market. Its current partners include the Chinese manufacturers SUNMI, Telpo, and Shanghai Basewin Technology.
February 27, 2020 – by Eric Weiss