“…the timing of FIME’s accreditation also points clearly to the emergence of biometric payment cards, which Mastercard has been determinedly pushing toward a large-scale launch.”
FIME, a firm that offers testing, certification, training, and consultancy services to the payments industry, has received accreditation from Mastercard to test fingerprint authentication solutions.
In a statement announcing the accreditation, FIME said its evaluation program “enables mobile, wearable and sensor manufacturers to test the performance and accuracy of mobile fingerprint sensors,” suggesting that Mastercard is looking to establish a standard testing program for a range of biometrics-based payments solutions. But the timing of FIME’s accreditation also points clearly to the emergence of biometric payment cards, which Mastercard has been determinedly pushing toward a large-scale launch.
In making the announcing, FIME cited a recent market report from Goode Intelligence predicting the rise of biometrics-driven payments systems, forecasting that there will be more than 2.6 billion users of such systems by 2023.
Commenting further on the trend, FIME Services VP Stephanie El Rhomri said, “Biometrics have taken the payments world by storm in recent years, delivering consumers greater convenience and security,” adding later that FIME’s Mastercard-accredited evaluation program is “the first of its kind to be fully ISO-compliant”.
November 19, 2018 – by Alex Perala