April 21, 2017 -
IDEX revealed that its flexible off-chip fingerprint sensor is featured in the Mastercard next generation biometric card.
Mastercard’s recently released biometric card combines chip technology with fingerprints to seamlessly and safely verify a cardholder’s identity for in-store purchases.
The biometric card works similar to any other chip card whereby the cardholder inserts the card into a retailer’s terminal while placing their finger on the embedded sensor. The fingerprint is verified against the template and, if the biometrics match, the cardholder is successfully authenticated and the transaction can then be approved.
“We are very pleased to be partnering with a true pioneer in the development of easy and secure transaction environments for consumers across the world,” commented Dr. Hemant Mardia, IDEX CEO. “Our partnership has achieved first mover advantage in the mass market adoption for biometric cards, and we expect initial commercial deployment to begin in 2017.”
In December IDEX reported that it received very positive feedback from potential customers and partners on its ISO card form factor compliant fingerprint sensor for smartcards, and in February revealed that the first end-customer trials for smartcards incorporating IDEX’s biometric sensors had commenced.
“After multiple years of technology development and focus on this market, IDEX is proud to have our fingerprint sensors selected for this global payment card programme,” Mardia added. “IDEX has long-maintained a strong commitment and consistent focus on commercializing its sensors in the smart card market, and I believe we are extremely well positioned to capture a significant share of this market as a result of this program’s disruptive solution.”