Zwipe has an important new partner in the emerging biometric payment cards space. FSS (“Financial Software and Systems”) has teamed up with the company in a partnership that will see its Unified Issuance Platform combined with Zwipe Pay One, Zwipe’s biometric card solution.
FSS is a global provider of card issuance products, serving Tier One banks and payment processors. Through its new partnership, the company will offer Zwipe Pay ONE biometric payment cards, initially focusing on markets in which contactless payments already have considerable traction – places like Canada, India, and various countries in Europe, the Middle East, and Africa.
According to a statement announcing the collaboration, the plan is to “start engaging with issuers” during the current quarter, and to aim for pilots in the second half of 2021.
“Biometric payment cards will bring strong differentiation and value uplift to our card issuance and management offerings,” explained FSS PayTech Chief Operating Officer K. Srinivasan. “Our partnership with Zwipe will help our issuer clients to deliver a completely touchless and PIN-free check out experience, better in-store payments hygiene and much stronger cardholder security.”
FSS joins a constantly expanding roster of strategic partners for Zwipe as the latter prepares for large-scale commercial launches of biometric payment cards. The FSS partnership, with its focus on areas including the Middle East and Africa, is perhaps particularly well-timed in the wake of last month’s news that Zwipe had appointed a new General Manager for the MENA region.
That having been said, Zwipe CEO André Løvestam highlighted the market potential of another key region in his own commentary on the partnership.
“We are humbled and proud to partner with FSS, one of the most respected and global providers of payment services,” he said. “This is a landmark agreement for Zwipe and will significantly accelerate our growth globally, most notably in Asia, the world’s largest payment market.”
May 10, 2021 – by Alex Perala