Fingerprint biometrics specialist IDEX has set a date for its Annual General Meeting: It will take place on May 9th at the Vika Atrium Conference Centre in Oslo, starting at 9am local time. The news comes alongside the publication of IDEX’s Annual Report for 2018. Its fiscal results are consistent with the preliminary results issued…
Fingerprint Cards technology is being used to secure a new biometric smart card from the startup BeamU. BeamU’s eponymous card, which has already gone well past its $5,000 fundraising goal in a Kickstarter campaign launched in April, has many functions. At its core, it’s a kind of biometric key, storing user credentials and allowing them…
IDEX may have some big news in the pipeline: The company has announced that it expects to win a contract with a global IT solutions provider serving the financial services market. The deal hasn’t yet been finalized, but in a statement announcing the development IDEX was able to provide a few early details. The company…
“WizCard provides card manufacturers seamless integration of additional features into standard smart cards.” – Alain Faburel, Chief Sales and Marketing Officer, NEXT Biometrics NEXT Biometrics is teaming up with Taiwan-based WizCard to develop biometric smart card technologies, the companies have announced. The partnership will leverage each company’s respective strengths. NEXT Biometrics is, of course, a…
In the past couple of years, biometric payment cards have emerged as an exciting, potentially transformative new trend in the payments industry. However, new technology can still be intimidating, especially for organizations that don’t understand how biometric payment cards are supposed to work. That’s why the Secure Technology Alliance has released a report to educate…
Zwipe has issued its results for the 2018 fiscal year, and it appears that sales were way up, coming in at NOK 2,276,000, compared to sales of NOK 1,073,000 in 2017. But operating expenses were up too, at NOK 72,622,000 against NOK 53,331,000 in 2017; and the company’s net result for 2018 came in at…
“Participants in the pilot will need to register their biometrics at a physical bank branch, but NatWest says it’s exploring ways to enable remote biometric registration.” A major UK bank is about to become the latest to trial biometric payment card technology from Gemalto: NatWest has announced that it will pilot the technology with 200…
“Our F.CODE solution is recognized as a reliable security system based on biometrics.” JCB’s biometric cards received two prizes during the Cards and Electronic Payments International Asia (CEPI) Summit and Awards, taking home Best Security Initiative and Best NFC Security Initiative at the 5th annual conference at the end of 2018. The cards are based…
“We have delivered consistently on our technology roadmap through 2018. Our FAP 20 sensor is with customers for testing and the Dual Interface solution for payment cards is soon ready for sampling. Increased year-over-year revenues for 2018 and the significantly improved gross margin confirm we are pivoting from product development to revenue generation. Going forward,…
IDEX has issued its Q4 and year-end report for 2018, asserting that it’s well-positioned to take advantage of a biometric card market expected to boom. In terms of financial results, IDEX saw NOK 373,000 in revenues in the fourth quarter, compared to revenues of NOK 2,464,000 in Q4 of 2017. Revenues for the full year…
NEXT Biometrics has shipped another 30,000 fingerprint sensors to Tactilis, the company has announced. The shipment is a call-off order as part of a larger purchase of 250,000 fingerprint sensors and ASICs, with 60,000 sets of sensors and ASICs having been sent to Tactilis to date. NEXT Biometrics first saw its fingerprint sensor technology integrated…
“In a statement announcing the MWC showcase, IDEX emphasized that its card solution does not require a battery or internal power source. “ IDEX‘s biometric payment card technology is being demoed live this week at the Mobile World Congress in Barcelona. The showcase is thanks to XH Smart Tech, which IDEX teamed up with in…
IDEX Biometrics has completed a $25 million USD private placement, the company has announced. The NOK 214 million deal entailed the sale of 53,437,500 shares to existing shareholders including Invesco, Woodford Investment Management, and members of the company’s management team and board of directors. In a statement announcing the private placement, IDEX asserted that it…
The French bank Société Générale made headlines last October when it rolled out new payment cards with biometric fingerprint authentication. The pilot program demonstrated the country’s ongoing commitment to financial innovation and smart card technology, a trend that dates back to the first chip-based cards in 1988. Fingerprint Cards is similarly positioning itself at the…
Most prognosticators expect biometric payment cards to be one of the fundamental building blocks of the future economy. IDEX Biometrics is well positioned as a key player in that field, unveiling its latest payment card at APSCA Digital Commerce Asia Pacific in Kuala Lumpur. Now, IDEX is trying to demystify its new technology with a…
“Shaped like a standard credit card, the new ‘wallet’ will feature an integrated fingerprint reader provided by Fingerprints for user authentication.” A forthcoming cryptocurrency wallet will feature biometric security care of Fingerprints (FPC). The solution is being developed by Danish smart card specialist CardLab, in collaboration with Spatium, a firm that has previously developed a…
Zwipe has announced a plan to raise up to NOK 120 million, or about $13.7 million USD, through private and public equity. An initial tranche will comprise a private placement offered to major shareholders and “certain new investors in Norway and Sweden,” the company explained in a statement. Zwipe said these interests have “pre-committed” to…
“Participating Intesa Sanpaolo customers will be able to make secure contactless payments with their biometric Mastercards just by holding a registered fingerprint over the sensor as they tap to pay…” Gemalto has officially announced the first Italian trial of its biometric payment card technology. It’s a collaboration with Mastercard and domestic bank Intesa Sanpaolo. It…
“Our SmartFinger fingerprint technologies are highly secure, customizable and deliver a strong biometric performance whilst ensuring an outstanding user experience.” – Stan Swearingen, CEO, IDEX Biometrics A longtime leader in the biometrics industry has finally given its fingerprint sensor solutions their own name: IDEX Biometrics has announced that the technology will be sold under the…