MarketsandMarkets has released a new report that predicts that the Biometric System Market will hit $65.3 billion by 2024. That figure represents a CAGR of 14.6 percent from the firm’s $33 billion market valuation for 2019. The research firm attributes much of that anticipated growth to the general demand for strong multi-factor security solutions, and biometric…
Biometrics News – Fingerprint Recognition Zwipe has completed a prototype of what could become a critically important component of its biometric payment card business activities. Dubbed the “Z5” chip, the solution is designed to consolidate components needed for energy harvesting and management for embedded biometric systems. This could offer cost and manufacturing efficiencies for products…
IDEX Biometrics has been granted another important patent pertaining to its on-card enrollment solution for biometric cards, this time from the UK Intellectual Property Office. In announcing the latest patent approval, IDEX indicated that the filing concerned is “in the same patent family” as on-card enrollment patents approved by the Australian patent authority and by…
IDEX Biometrics has sealed a licensing deal with one of its prominent APAC partners. The company has announced that Chutian Dragon has purchased a license for the use of IDEX’s biometric enrollment technology for biometric cards. IDEX first teamed up with Chutian Dragon last November. Chutian Dragon is a major China-based card maker certified by…
“The biometric credit card trial will see payment cards issued to 150 participants, with spending limits for contactless transactions set to £100…” NatWest has started trialing biometric credit cards in the UK, the major bank has announced. The move follows a trial of biometric debit cards conducted earlier this year. As in that pilot program,…
IDEMIA has established a licensing agreement with IDEX concerning the latter’s biometric enrollment technology for payment cards and smart cards. The agreement grants IDEMIA the use of certain IDEX patents for the purpose of developing and selling on-card enrollment devices that function with IDEMIA’s own biometric card software. IDEX first announced its enrollment system for…
NEXT Biometrics has received a substantial purchase order worth roughly $100,000. The order concerns fingerprint sensor modules that NEXT expects to deliver in the fourth quarter of 2019 and into 2020. The announcement did not reveal which company placed the order, but did disclose that it came from an existing NEXT customer that planned to…
Fingerprint Cards (FPC) has announced that it will once again be providing fingerprint sensors for MeReal’s next shipment of biometric cards. The new cards are expected to hit the market in 2020, and will feature an FPC1300 sensor. MeReal recently unveiled a new biometric smart card called the Keyper, although it’s unclear if the Keyper…
One year into his tenure as CEO of Precise Biometrics, Stefan K. Persson is pleased with the company’s progress, suggest comments in an interview on the company’s blog. Having taken the helm on August 1st of last year, Persson – a former executive with Danish home electronics makers Bang & Olufsen – came to the…
Fingerprint Cards has received its first order for the use of its T-Shape fingerprint sensor module outside of the payments market, the company has announced. The order is for one hundred thousand sensors to be delivered this year. Fingerprint Cards hasn’t named its client in this case, but explained in a statement that the T-Shape…
A pair of IDEX Biometrics executives have bought significant share holdings in the Norwegian fingerprint sensor specialist, according to mandatory trade notices from the company. Two of the notices concern Stephen A. Skaggs, a member of IDEX’s board. One notice, issued August 21st, attests that Skaggs “bought 50,000 shares in IDEX in the Oslo Børs…
“IDEX says its conference call will be hosted by Chief Executive Officer Stan Swearingen and Chief Financial Officer Derek D’Antilio.” IDEX Biometrics will publish its Q2 results on Thursday, August 15th, the company has announced. The results will arrive alongside a conference call scheduled for 15:00 CET. In announcing the Q2 update schedule, IDEX did…
NXP has become the first player in the emerging biometric payment cards market to reach an important milestone, announcing that its Secure Processing Module for fingerprint-on-card technology has become the first such solution to attain certification through Mastercard’s Compliance Assessment and Security Testing, or CAST, program. A Secure and Efficient Solution NXP says its module…
Fingerprint Cards (FPC) is teaming up with Giesecke + Devrient Mobile Security (G+D) to produce a contactless biometric payment card featuring FPC’s T-Shape sensor. The new card is already on its way to the market, and will be deployed in FPC’s newly announced card trial with the French bank Crédit Agricole. The trial with Crédit…
“All of the company’s products will offer support for chip, contactless, and biometric technology.” The SIA Group has officially opened a new smart card manufacturing facility in Verona. The technological excellence center can produce upwards of 10 million cards per year, with equipment that is compliant with the latest security standards. The new facility will…
The biometrics market has been booming for years now, having kicked into a high gear as demand for enhanced security technologies ramped up in the wake of the 9/11 attacks, and further accelerated when Apple blazed a trail for biometrics in the consumer tech sector with its first fingerprint-scanning iPhone in 2013. What’s remarkable is…
“Linking patient identity to fingerprint biometrics can help to ensure that potentially dangerous medicine is only being given to the intended recipients; and on the flip side, it can help to prevent the creation of fraudulent prescriptions for nefarious ends.” In its latest blog post, IDEX Biometrics has returned to the benefits of biometrics in…
“Fingerprint Cards says its fingerprint sensor technology is now being used in every publicly announced biometric payment card trial around the world.” Fingerprint Cards technology is now being used in 20 trials of biometric payment cards around the world, the company has announced. The latest such pilot program, which delivered the milestone, is with Crédit…
“[ABCorp] will work with NEXT Biometrics to develop biometric cards, the latter’s key focus area as the fingerprint-scanning payment card market begins to take shape.” NEXT Biometrics has attained another major new partner in its biometric cards efforts: The company has teamed up with ABCorp. Headquartered in Connecticut, ABCorp is involved in the design and…