Biometrics industry stocks this week

A trendy debate among financial types is whether the economy is in the late-stages of this current expansionary cycle. Fund managers assume there are identifiable stages to periods of growth in the economy. Many think there are some signs popping up of late-cycle froth in this current market upswing. One eminent name weighing in on this debate over the last week was David Rosenberg, a former chief economist for Merrill Lynch. These days Rosenberg works for a Toronto-based firm, Gluskin

FPC sensor used in biometric payment card pilot for Bank of Cyprus

Fingerprint Cards is providing touch sensors from its FPC1300-series for the recently announced Bank of Cyprus biometric payment card pilot. The pilot, being lead by Gemalto, is the first of multiple upcoming pilots in 2018 for the world’s largest card manufacturer and also includes Zwipe as a partner. The card being trialed by Bank of Cyprus is a fingerprint activated payment card which utilizes Zwipe’s energy harvesting capacity and biometric engine to enable contactless and contact transactions. It is powered

Biometrics industry stocks this week

Naysayers about the direction of stock markets continue to get it wrong. Share indexes have started 2018 with a bang. This week the Dow Jones Industrial Average moved past the 25000 point mark for the first time in history. The Nasdaq market set its own record, closing above 7,000 on Tuesday. It would be folly to expect the Nasdaq to go on to chalk up another 37-percent annual advance in 2018 as it did in 2017. Prudently, many fund managers

Zwipe partners with Gemalto on fingerprint activated payment card pilot

Zwipe revealed today that they have partnered with Gemalto to pilot a battery-less dual-interface fingerprint activated payment card with Bank of Cyprus. Gemalto, the world’s largest card manufacturer, has confirmed multiple upcoming pilots in 2018, with the first of these being with Bank of Cyprus. The card being trialed by Bank of Cyprus is a fingerprint activated payment card which utilizes Zwipe’s energy harvesting capacity and biometric engine to enable contactless and contact transactions. It is powered by the payment

Gemalto to supply Bank of Cyprus with biometric payment cards

The Bank of Cyprus has selected Gemalto to supply EMV biometric dual interface payment cards for both chip and contactless payments. The fingerprint sensor card is powered by the payment terminal and does not require an embedded battery. The biometric personalization and card activation process is designed to avoid transmission of biometric data over the air to ensure that users’ data privacy is protected. The fingerprint template captured during the enrollment process is stored only on the card. “Gemalto’s biometric

Thales acquires Gemalto to create digital security giant

Thales will acquire Gemalto and merge the two companies to form a global business unit among the top three players in the digital security market with €3.5 billion in revenues, the companies announced. The offer price of €51 per share or roughly €4.77 billion ($5.64 billion) from Thales represents a 57 percent premium over Gemalto’s December 8 closing price, and the all-cash offer was approved unanimously by both boards of directors. “The acquisition of Gemalto marks a key milestone in

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Apple has indicated that it expects sales of its iPhone X to be strong this holiday season. That strong demand for the face-based biometric smartphone has resulted in an early Christmas for a company called

Gemalto turns down Atos proposal

Gemalto has rejected Atos’ unsolicited and conditional proposal to acquire Gemalto for 4.3 billion euros ($5.06 billion), or 46 euros a share. In a statement issued Wednesday evening, Gemalto said that it is best positioned to grow successfully on a standalone basis and create long term value for its stakeholders, including its shareholders. The company also said that the Atos proposal does not form the basis for constructive engagement as it: fails to provide a compelling strategy versus Gemalto’s standalone

Gemalto considering Atos 4.3 billion euros bid

French IT service group Atos has made an unsolicited offer to acquire Gemalto for 4.3 billion euros ($5.06 billion), or 46 euros a share, dividend included. Atos claims to have secured the backing of the France’s state-owned investment bank Bpifrance, which holds an 8.3 per cent stake in Gemalto, for the deal. Gemalto’s board said on Tuesday that the company has until Friday to review the unsolicited all-cash bid. “The company subsequently informed Atos that it would carefully review the

Is this the end of the PIN code and password?

This is a guest post by Xavier Larduinat, Head of Banking and Payment Innovation at Gemalto. We’ve all struggled to remember complicated passwords when trying to access an online bank account, or forgotten a PIN number while making a payment in the past. We’ve come to accept it as a necessary inconvenience that helps to keep us safe – but wouldn’t life be so much easier if we didn’t have to use them? With huge strides being made in biometric