“The display can be used for a range of features including dynamic CVV to address card-not-present fraud, user-specific information such as account balance, or to provide feedback when enrolling the fingerprint.” – Stan Swearingen, CEO, IDEX Biometrics
With fingerprint-scanning payment cards still in the trial phase, IDEX Biometrics appears to already be looking ahead to the next step in technological sophistication with a new partnership. The company has announced that it has teamed up with Visionox, an OLED display maker that IDEX says is China’s largest such firm.
“The goal of the collaboration is to enable cost-effective, feature-rich smart card systems employing both display and biometric technologies,” IDEX explained in a statement, noting that the solution would involve “Visionox’s flexible LTPS TFT backplane technology.” The end result will be a payment card featuring an integrated fingerprint scanner and some kind of dynamic display.
Elaborating on the planned solution, IDEX CEO Stan Swearingen explained, “By combining the fingerprint sensor with a display, the user experience and security can be significantly enhanced,” adding, “The display can be used for a range of features including dynamic CVV to address card-not-present fraud, user-specific information such as account balance, or to provide feedback when enrolling the fingerprint.”
Swearingen added that the combined technology “will also be applicable to other verticals such as Mobile or IoT”.
While there is growing excitement about biometric card technology in the payments industry, dynamic CVV technology is another frontier of innovation that few have started to really explore. So with a number of suppliers now jockeying for position ahead of anticipated mass launches of biometric payment cards, the incorporation of flexible display technology could help IDEX to differentiate its solution in the emerging market.
December 10, 2018 – by Alex Perala