IDEX receives initial order for dual-interface smart card sensors from XH Smart Tech
IDEX Biometrics today announced it has partnered with XH Smart Tech to drive commercialization of biometric cards and that it has received an initial order for its dual-interface sensor by XH Smart Tech to begin integration.
Headquartered in China, XH Smart Tech is ranked among the top five Chinese smart card vendors by international market share and has shipped more than three billion smart cards. The company has passed China UnionPay, VISA and Mastercard certification its customer base includes international and Chinese banks, including Postal Savings Bank of China, DenizBank in Turkey, Commercial Bank of Kuwait, South Africa Laxton, South African Post Office, and Orientfinans Bank in Uzbekistan.
“We are very pleased with the strong customer interest we are experiencing for our contact-less sensors,” commented Stan Swearingen, CEO of IDEX Biometrics. “Card integrators are seeing the benefits of biometric smart cards, and the market is picking up speed. Chinese vendors are very keen to implement innovative technology, and we are proud to partner with a fast-growing company such as XH Smart Tech to drive commercialization of biometric cards.”
“The value proposition for fingerprints in a smart card is easy to understand, and we are confident there will be significant pull from issuers for this innovative solution,” added Leo He, CEO of XH Smart Tech. “IDEX Biometrics’ solution is very compelling and we look forward to working closely with the company to develop biometric smart cards.”
According to recent research revealed by Gemalto, a majority of people in the UK would use biometric payment cards today if they were offered by their bank. Goode Intelligence recently forecasted that 579 million biometric payment cards will be in use by 2023 as biometric payments are adopted by 2.6 billion people.