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…
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…
“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…
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…
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…
“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…