Biometrics industry stocks this week

Not even a full month into the new year and already stock indexes have topped the predictions for full year returns generated by some of the biggest names on Wall Street. This past week the broad market indicator, the S&P 500, topped 2,850. That’s ahead of several targets for full-year returns from major investment banks like Morgan Stanley, Goldman Sachs and Deutsche Bank. But even as market indexes achieve record highs stresses are building in the underlying economy. This week

Zwipe raises additional $1.2M in latest equity capital round

Zwipe reported today that in December it raised an additional $1.2 million (NOK 9.6 million) on top of the $4.3 million (NOK 35 million) private placement of new shares announced November 30. The size of the equity capital raise was increased to meet demand for shares from existing shareholders. The latest equity capital round brings the total raised in equity, debt, and grants since inception to $25.6 million (NOK 208 million). Key employees of the Norwegian biometrics technology company including

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

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

Zwipe publishes report on biometric authentication solutions for payments

Zwipe has released a report on biometric authentication solutions for payments. The report is based upon market research features interviews with 15 leading international experts from academia, financial institutions and solution providers. Zwipe is a Norwegian-based biometric technology firm that is focused on developing and commercializing secure, fast and easy-to-use biometric authentication solutions in three key areas: payments, access control and identification. Zwipe’s report, targeted at industry players, aims to highlight developments in payment biometrics, specifically focused on trends driving

Zwipe completes $4.3M private placement

Zwipe has completed a $4.3 million private placement of new shares to existing and new investors. “We are pleased that our value proposition – easy, secure and fast authentication – is acknowledged by both our investors and partners, as demonstrated by this capital raise as well as the progress we see in all our verticals,” said Kim Humborstad, Zwipe CEO. The biometrics technology company has commercialized two products, Access and ID cards which, according to a company statement, have near-term

G4S partners with Zwipe to offer easy deployment of biometric access control

Canadian security solutions firm G4S has partnered with Zwipe to offer its customers the latest in biometric access control solutions. Zwipe Access is a fingerprint-activated contactless credential that works with existing 125kHz or 13.56MHz infrastructure. Only after activation by a fingerprint scan will the card allow communication with a reader, combining the security of biometric authentication with the speed and convenience of contactless credentials. Only the rightful owner of the card can use it, and the fingerprint data cannot be

CPI, Zwipe partner on easy biometric upgrade for data center cabinets

Chatsworth Products (CPI) has partnered with Zwipe on a highly secure, easy-to-deploy, dual-factor biometric access control system for data center cabinets using Zwipe Access Cards and CPI Electronic Access Control (EAC) Solutions. Zwipe Access offers contactless, biometric authentication in a fingerprint-activated card. By touching the sensor on the card, the card owner verifies their identity, and the positive fingerprint authentication allows the card to communicate with the reader. The fingerprint data is registered and securely encrypted and stored on the

Zwipe makes first shipment of its contactless biometric payment card technology

Zwipe has made the first shipment of its contactless biometric payment card technology for use in commercial pilots by card manufacturers and banks. Zwipe’s contactless payment card is capable of operating without the need for a battery or fixed power supply. Standard point of sale terminals provide the power to operate the biometric payment card. According to a company statement, Zwipe’s card manufacturing partners represent over 40% of the global smart card market, per volume shipped per the Nilson Report.

ASIS 2017 a key showcase for Zwipe’s partner network in North America

Zwipe is well represented this week at ASIS 2017, taking place in Dallas, Texas. ‎ With more than 22,000 attendees, ASIS is regarded as one of the world’s premier security events, and a key showcase for Zwipe’s partner network in North America. Zwipe partners at ASIS 2017 include Identisys, Identiv, Inc., Allegion, E-line by Dirak and TZ. “ASIS 2017 is an excellent venue for us to work alongside our partners who will be taking the lead in promoting Zwipe Access