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 Biometrics has issued its corporate update for the second quarter and first half of 2019, emphasizing the progress the fingerprint biometrics specialist has made in positioning itself in the emerging biometric payment cards market. Highlights in the update include the establishment of IDEX’s largest customer commitment to date – a multi-year, multimillion dollar deal…
IDEX Biometrics is celebrating its success in another third party test of its biometric technology for payment cards. This time, the test specifically concerned IDEX’s on-card remote enrollment sleeve, a receptacle designed to receive a payment card and to then register the cardholders’ fingerprint data on the card. The solution is aimed at allowing end…
“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…
“It’s the latest development in the rapidly escalating biometric cards race, with multiple companies spanning the biometrics and payments industries seeking to get ahead of the emerging trend of fingerprint-scanning payment cards.” IDEX Biometrics has teamed up with Feitian on biometric smart card manufacturing. The companies have signed a new agreement that will see IDEX…
A growing number of organizations have begun to document the decline of passwords and the rise of biometric authentication. At least, that’s the takeaway from a new article from SC Magazine that gathers similar reports from a roster of biometrics experts, including Kaspersky Labs, Duo Security, Frost & Sullivan, and IDEX Biometrics. The article specifically…
“With the manufacturing standards achieved, and the capacity of the production line, I am confident that biometric smart cards are ready for mass production and volume delivery to customers.” – Stan Swearingen, CEO, IDEX Biometrics IDEX Biometrics has achieved an important milestone in the biometric payment cards race, thanks to one of its customers. The…
‘“I am delighted to welcome Pascal to the team,” said IDEX Sales and Marketing SVP David Orme…’ IDEX Biometrics has named Pascal Dufour as its new Director of Sales for Europe, the Middle East, and Africa (EMEA). Darfour officially took over the role on July 9th, and brings more than 25 years of experience to…
“In IDEX’s system, a smart card – eg. a biometric credit card – would be mailed to an end user together with a lightweight receptacle featuring an integrated power source. The card is inserted into the receptacle, and then the user registers their fingerprint on the card.” IDEX Biometrics has won an Australian patent for…
IDEX Biometrics has officially signed on as a sponsor of the 2019 Girls into Electronics event in London. The event kicks off on July 9th, and is hosted by the Electronic Engineering department at Royal Holloway University of London in conjunction with the Smallpiece Trust and the UK Electronics Skills Foundation (UKESF). Girls into Electronics…
“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…
“I’m more confident than ever that biometric smart cards are poised for mass adoption.” – Stan Swearingen, CEO, IDEX Biometrics IDEX Biometrics announced today that biometric payment cards featuring its SmartFinger sensor technology have begun a certification process on behalf of a “major global payment scheme in Asia.” The Bank Card Testing Center, an independent…
A new post on the IDEX Biometrics blog details some of the benefits (and drawbacks) of different kinds of fingerprint sensors. The post specifically compares the smaller sensors often found in smartphones to the wider sensors recommended for biometric payment cards. The biggest difference is the relative accuracy of different models. A wider sensor is…
“The demand for biometric smart cards is growing thanks to their increased security and convenience for end users. Therefore, it is critical for card manufacturers that the biometric solutions are compatible with the secure element in the card, known as the EMV chip.” – Stan Swearingen, CEO, IDEX Biometrics IDEX Biometrics has secured another Asia-based…
“We are pleased to welcome Derek to our team, where he will have an immediate impact through his experienced leadership of our financial organization. He joins us at an ideal time as we prepare the company for commercial success.” – Stan Swearingen, CEO, IDEX Biometrics IDEX Biometrics has found its new Chief Financial Officer: Derek…
“The appointment’s official announcement arrives alongside that of IDEX’s name change, with the company’s formal moniker switching from IDEX ASA to IDEX Biometrics ASA…” IDEX Biometrics has officially announced the appointment of the latest member of its Board of Directors, Stephen Skaggs. Elected as the Board’s fifth member at this month’s Annual General Meeting, Skaggs…
The biometric payment cards market is coming to fruition after a period of accelerated innovation, and the Asian region is providing a fascinating case study for industry watchers. That’s why FindBiometrics Managing Editor Peter Counter recently spoke with Stan Swearingen, CEO of IDEX Biometrics, a pioneer in fingerprint-powered next generation smart cards. The conversation focuses…
IDEX Biometrics will play an integral role in a new biometric card trial from MasterCard and Edenred Mexico. Launched in conjunction with the Mexican state of Sonora, the new pilot program will use biometric fingerprint-scanning cards to distribute state benefits as part of an ongoing effort to give more people secure access to banking services.…
“The display can be used for a range of features including dynamic CVV to address card-not-present fraud, user-specific information such as account balance, or to provide feedback when enrolling the fingerprint.” – Stan Swearingen, CEO, IDEX Biometrics With fingerprint-scanning payment cards still in the trial phase, IDEX Biometrics appears to already be looking ahead to the…