Card Tech and Fingerprint Cards to work together on biometric cards for payments
The companies expect the new cards to reach the testing phase in the second half of this year, according to the announcement, with mass production beginning in the first half of 2019.
The card integrates Fingerprint Cards’ T-Shape module and a universal secure element in a modular electronic layer developed by Card Tech, with ultra-low power consumption, and superior biometric performance, the companies say.
“We would like to be the biometric technology enabler for all tier-two smart card integrators” says Card Tech CEO Fabrizio Borracci.
The cards work with existing industry manufacturing processes and merchant terminals, and Borracci says Card Tech has focussed on making its price positioning extremely competitive.
Card Tech also says that its worldwide patents ensure wide market coverage for its partners, and it intends to test dedicated versions for physical and logical access control applications later this year.
Fingerprint Cards recently published an e-book suggesting that consumer fraud concerns are holding back the use of contactless payment cards, and that adding biometric capabilities to those cards will unlock their potential for making payments more convenient.