Fingerprint Cards technology in new payment token
According to the announcement, “Fingerprints and JEM have combined their technical capabilities and industry knowledge to create a solution that places advanced biometrics, encryption and payment technology in the hands of consumers.”
With the JEM device, the user’s fingerprints protects and unlocks access to all their digital accounts and payment credentials, allowing customers to use long, strong and unique passwords that are more difficult to crack and result in significant increase in security.
Fingerprint Cards is ramping up its efforts to “broaden our distribution channels to reach new form factors and use cases within the biometrics market,” according to Niklas Strid, SVP Embedded Business Line.
With the company’s latest earnings results FPC CEO Christian Fredrikson offered up a plan as to how the company will exploit new markets.