Ingenico Sees Market Opportunities for Biometric POS Terminal

Payment solutions provider Ingenico is targeting market opportunities brought about by India’s Aadhaar biometric ID program with its new Move/2500 B, a payment terminal featuring an integrated fingerprint scanner.Ingenico Sees Market Opportunities for Biometric POS Terminal

In a statement announcing the solution, Ingenico said it will launch this June in India, where “all POS will soon have to provide fingerprint authentication.” That could ultimately enable Indian citizens to make payments at various shops through a fingerprint scan alone, with the biometric identification tying the transactions to their bank accounts.

Following the device’s launch in India, it will be rolled out to the Middle East market; but in a statement announcing the solution, Ingenico also highlighted its potential for the Mexican market, asserting that in that country, “where banks have the obligation to verify the identity of all loan applicants, the Move/2500 B could serve as a means of authentication.”

The company also placed a strong emphasis on the device’s certification with EMVCo as a Customer Verification Method and its compliance with other regulatory frameworks including PCI-v5 and STQC. As Ingenico Group VP Frédéric Lepeintre explained, the device “demonstrates our ability to adapt to new regulatory frameworks and consumer demand for fingerprint authentication.” That may hint at ambitions for the European market as well, where the incoming PSD2 and GDPR regulations could push the payments market further toward biometric authentication.

April 16, 2018 – by Alex Perala