“The CV Microelectronic partnership is only the latest development in FPC’s ongoing efforts in the emerging biometric payment cards market.”
Fingerprint Cards has teamed up with China-based Secure Elements specialist CV Microelectronic to develop a reference for contactless payment cards aimed at the Chinese market. The reference card is dubbed “SecTouch”, and will feature a fingerprint sensor from Fingerprint Cards’ FPC1300 product line.
In a statement announcing the partnership, FPC said it would deliver “the first biometric contactless smartcard reference for the domestic Chinese market.” The company also asserted that SecTouch will sport “ultra-low power consumption with superior biometric performance, a key requirement for handling contactless transactions.”
The CV Microelectronic partnership is only the latest development in FPC’s ongoing efforts in the emerging biometric payment cards market. Toward the end of last month, a pilot project trialing biometric payment cards got underway in Japan; and of course the company made headlines when its fingerprint sensor technology was used in a major Visa-led trial near the start of this year.
In announcing the CV Microelectronic partnership, FPC suggested that the China market is one that is ripe for new biometric payment card technologies, asserting that its market research “shows that Chinese consumers don’t use contactless as much as they would like to, with 42% stating security as the main barrier.”
May 15, 2018 – by Alex Perala