biometric payment cards

Zwipe Announces Next CFO

Zwipe Announces Next CFO

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…

Valid to Use FPC’s T-Shape Fingerprint Sensor in Biometric Smart Cards

Valid to Use FPC’s T-Shape Fingerprint Sensor in Biometric Smart Cards

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…

Juniper Forecasts Rise of Biometric Mobile Payments

Juniper Forecasts Rise of Biometric Mobile Payments

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…

Dynamism and Growth in This Week’s Top Biometrics Stories Roundup

Dynamism and Growth in This Week’s Top Biometrics Stories Roundup

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.…

Cornèrcard Launches Limited Edition Batch of 100 Fingerprint-Scanning Visa Cards

Cornèrcard Launches Limited Edition Batch of 100 Fingerprint-Scanning Visa Cards

“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 Secures $9.9M Through Private Placement

IDEX Biometrics Secures $9.9M Through Private Placement

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’…

Q3 Update Finds Precise Biometrics on Solid Footing

Q3 Update Finds Precise Biometrics on Solid Footing

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…

FPC Continues to Battle Falling ASPs in Q3 Update

FPC Continues to Battle Falling ASPs in Q3 Update

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…

IDEX Highlights Payment Card Progress in Q3 Update

IDEX Highlights Payment Card Progress in Q3 Update

“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…

OTCQB Venture Market Offers US Opening for IDEX Biometrics

OTCQB Venture Market Offers US Opening for IDEX Biometrics

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 Restructuring in Response to Evolving Biometric Card Environment

IDEX Restructuring in Response to Evolving Biometric Card Environment

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 CEO Says Q3 ‘Exceeded Expectations’

Zwipe CEO Says Q3 ‘Exceeded Expectations’

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 to Issue Q3 Results on Nov. 13

IDEX Biometrics to Issue Q3 Results on Nov. 13

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…

Financial Biometrics Month: The Roundup

Financial Biometrics Month: The Roundup

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…

Consumer Tech Takes the Spotlight in This Week’s Top News Roundup

Consumer Tech Takes the Spotlight in This Week’s Top News Roundup

It’s been another busy week in biometrics, with FindBiometrics’ top articles once again spanning across a range of topics. It is a notably consumer-focused batch, however, with four of the five most-read posts chiefly concerned with tech like smartphones, security keys, and biometric payment cards. Two of the week’s top stories were concerned with the…

IDEX Biometrics Gearing Up to Fulfill Massive Fingerprint Tech Order

IDEX Biometrics Gearing Up to Fulfill Massive Fingerprint Tech Order

“Its biometric technology will be leveraged in a biometric access control security solution, and to that end, IDEX is delivering its sensors ‘to one of the world’s largest electronics manufacturing service companies in order to qualify their manufacturing process,’” IDEX Biometrics is gearing up for the fulfillment of a multi-year, multi-million dollar order for its…

Zwipe Unveils ‘Z5’ Chip Prototype for Biometric Cards, Wearables

Zwipe Unveils ‘Z5’ Chip Prototype for Biometric Cards, Wearables

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…

Financial Biometrics Month: The Next Big Wave in Payments

Financial Biometrics Month: The Next Big Wave in Payments

The technological areas of biometrics and smart cards have overlapped for many years now, most notably in the domain of access control, where multiple access terminals and kiosks have supported both biometric and smart card-based authentication. And smart cards with built-in biometric capabilities started to emerge several years ago, in various forms: Face Forensics, for…

NatWest Biometric Card Trial Powered by FPC & Gemalto

NatWest Biometric Card Trial Powered by FPC & Gemalto

“The new payment cards have been developed in partnership with Mastercard and Gemalto, the digital security specialist acquired by Thales earlier this year.” Fingerprint Cards‘ fingerprint sensor technology is in play in NatWest’s biometric credit card trial, the company has confirmed. The pilot program was just launched by the British bank, expanding its exploration of…

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