Precise Biometrics software integrated in NXP’s contactless biometric smart cards
Precise Biometrics and NXP Semiconductors have integrated Precise BioMatch Card in NXP’s contactless biometric smart cards. Precise Biometrics expect the collaboration to generate license and support revenues in Q2 2018.
Precise Biometrics fingerprint authentication software for smart cards is integrated in NXP’s contactless fingerprint-on-card solution, giving payment network operators and banks a secure, convenient and fast payment option for consumers. Authentication of the cardholder is done when the user places their finger on the smart card.
“We are pleased to collaborate with NXP on biometric smart cards, which strengthens our position as a leader in fingerprint software for smart cards,” said Torgny Hellström, chairman of the board of directors at Precise Biometrics. “We see contactless payments growing rapidly, and our combined solution significantly improves convenience for consumers while increasing the security of payments.”
In the company’s Q1 earnings report last month, Hellström said: “In the field of biometric cards, we continue to strengthen our position through new partnership agreements, and we are involved in several exciting projects in new areas of application.” Precise Biometrics software was used in a recent biometric payment card pilot by Visa and Mountain America Credit Union, and last month the company launched its Precise BioMatch Card fingerprint recognition algorithm as a stand-alone solution for the smart card market.