Fingerprint Cards has achieved an important milestone in its ongoing efforts to pave the way for global adoption of biometric payment card technology. The company’s T-Shape fingerprint sensor module and its FPC-BEP biometric software platform have both passed accuracy and security tests conducted by China’s Bank Card Test Center, or BCTC. BCTC is an independent…
Thales‘ biometric payment card has received certification from Mastercard, the company has announced. At the time of writing, details about the certification in question remain sparse. Thales’ achievement was announced by its subsidiary Gemalto in a tweet asserting that its card is the first contactless biometric payment card to receive the Mastercard certification. In a…
As it continues to expand the applications of its biometric technology beyond the mobile sector, Fingerprint Cards has announced two new capacitive fingerprint sensors designed specifically for access control. Dubbed the FPC1020 and the FPC1024, the sensors are compact and water resistant, Fingerprint Cards says. Perhaps more importantly, they sport low power consumption, further enhancing…
There’s already substantial demand for the kind of payments solution that biometric cards promise, and they could pick up momentum much faster than previous payment card upgrades, argues Fingerprint Cards‘ Lina Andolf-Orup. In a new post on the company’s website, Andolf-Orup, Fingerprint Cards’ head of marketing, offers an overview of some of the major milestones…
Zwipe has taken its first step forward in the official application process to get listed on the Nasdaq First North Growth Market. The company has announced that it has formally submitted for screening, in what is the first part of a two-step application process. Zwipe first announced its plans to seek a listing on Nasdaq…
Zwipe has announced a new Chief Financial Officer. Lars Kristian Solheim will take the position starting March 1st of 2020, when he will replace interim CFO Lars Myren. In a statement announcing the new executive’s appointment, Zwipe highlighted his relevant experience. After serving as a Senior Associate at the audit firm Ernst & Young, Solheim…
Fingerprint Cards has a new partner in its efforts to target the emerging biometric payment cards market: the company has announced a new partnership with Valid that will see the latter take advantage of FPC’s T-Shape fingerprint sensor module for smart card applications. Valid originally started up in Brazil over half a century ago as…
A new report from Juniper Research suggests that biometric technology will revolutionize the mobile payments industry over the next few years. The firm predicts that consumers will use biometric authentication to conduct $2.5 trillion in payment transactions on mobile devices by 2024. That number represents a massive 1,000 percent increase over the comparable $228 billion…
It’s been another richly varied week in biometrics news, and FindBiometrics’ latest roundup of our top stories reflects that. But if there’s one theme common to all of these articles, it’s that they each reflect the dynamism and progress of the overall biometrics market as it continues to grow and its technologies continue to evolve.…
“Like other emerging biometric payment cards, the Cornèrcard Biometric Gold Visa supports contactless payments and is designed to harvest energy from payment terminals.” Switzerland has become the site of one of the very first commercial launches of a biometric payment card. It’s a significant development, though it is on a small scale. Cornèrcard has launched…
IDEX Biometrics has obtained subscriptions for 120 million new shares in a private placement, the company has announced. The shares were priced at NOK 0.75 each, allowing the company to raise NOK 90.0 million, or about $9.9 million USD, in total. In pursuing the private placement, IDEX’s Board of Directors decided to waive existing shareholders’…
Precise Biometrics has issued its latest quarterly update, which suggests the company is on solid footing. Net sales for the third quarter of 2019 came in at about SEK 27.5 million, compared to net sales of SEK 16.8 million in Q3 of 2018. And Precise Biometrics is back in black with respect to its operating…
Fingerprint Cards has issued its results for the latest quarter, showing a dip in revenues as mobile fingerprint sensors ASPs continue to fall. The company saw revenues of SEK 352.5 million in Q3 of 2019, compared to revenues of SEK 431.2 million in the third quarter of 2018. Commenting on the results, CEO Christian Fredrikson…
“Industry participants and analysts believe 2020 will [be] the year where the market moves from one defined by pilots, towards mass commercial deployments.” That’s one of the key takeaways from IDEX’s latest quarterly update, in which the company has reported significant progress in the journey toward commercialization of its fingerprint biometrics tech for the next…
IDEX Biometrics has made its debut on the OTCQB Venture Market exchange, trading under the ticker symbol IDXAF. Operated by OTC Markets Group, the OTCQB is an over-the-counter stock trading market in which securities that aren’t listed on major stock exchanges are traded through a network of dealers. As IDEX explained in a statement announcing…
IDEX Biometrics has announced that the company will be restructuring in an effort to reduce its operating costs. The restructuring will take place in the fourth quarter of 2019, and is expected to lower the company’s break-even shipments point by 50 percent. According to IDEX CEO Stan Swearingen, the changes reflect the unpredictable nature of…
Zwipe has issued an ‘Operational Update’ for the third quarter, highlighting its most important recent developments. These include a few important partnerships. In September, the fingerprint recognition specialist announced that it had teamed up with IDEMIA to develop a streamlined biometric payment card solution, with the companies aiming to get it to market in the…
IDEX Biometrics has set a date for its third quarter update: the results will be published on November 13th, and will arrive alongside a conference call slated for 10:00 CET. The call will be helmed by IDEX CEO Stan Swearingen as well as CFO Derek D’Antilio. In announcing the plans, IDEX offered no details about…
Coinciding with the biggest conference event in the financial services industry – Money20/20 USA – October was Financial Biometrics Month at FindBiometrics. Financial services has become one of the most important verticals for biometric technology in recent years, and given the dynamism of this sector, it’s worth taking a close look at recent, ongoing, and…