October 26, 2017 -
IDEX has been approved by the EMVCo Board of Managers as a registered EMVCo vendor.
EMVCo facilitates worldwide interoperability and acceptance of secure payment transactions. EMVCo manages and evolves the EMV specifications and related testing processes including – but not limited to – card and terminal evaluation, security evaluation, and management of interoperability issues.
EMVCo’s work is overseen by American Express, Discover, JCB, Mastercard, UnionPay, and Visa, and supported by dozens of banks, merchants, processors, vendors and other industry stakeholders who participate as EMVCo Associates.
According to a company statement, the approval of IDEX as a registered EMVCo vendor supports IDEX’s strategy to further strengthen its leadership position in the biometric cards market. As an EMVCo vendor, IDEX will help driving acceptance of biometric authentication within smartcards as a major, reliable and seamless innovation.
Previously reported, IDEX is hosting a Capital Markets Day next week, where the company’s executive team will provide a detailed update on strategy and progress, with a focus on the biometric card market.