FB pixel

Zwipe and Tappy Technologies to develop wearable biometric payment devices

 

Zwipe and wearables technology company Tappy Technologies today announced a partnership to jointly develop and launch biometrics-enabled wearable payment, access and digital authentication devices.

Tappy Technologies, a global provider of tokenization services, will be licensing Zwipe’s core intellectual property to enable biometric authentication in a range of form factors.

“We count some of the biggest payment networks, banks and watch brands in the world as our trusted customers and we strongly believe that the future of wearable payments will be biometric,” explained Wayne Leung, CEO of Tappy Technologies. “In 2017 brands partnering with us sold over 85 million units, and we expect to see our wearable payment and tokenization platform deployed in millions of units over the next years and we are proud to partner with Zwipe to enable biometric authentication as part of this portfolio next year.

“At Tappy we have an insatiable appetite for innovation and our latest offering, a unique biometric wearable solution is going to be a game changer in the wearable payment space as it enables second factor authentication in passive devices, offering the most secure and seamless wearable contactless payment experience to our customers.”

The companies expect to demonstrate the first prototype before the end of this year.

“Zwipe is paving the way to enable financial services in wearable devices, in addition to payment cards,” added André Løvestam, CEO of Zwipe. “Tappy Technologies is a proven leader in this segment and we are very excited to join forces in bringing this innovative solution into the hands of the consumer.”

New research from Goode Intelligence predicts that there will be 2.6 billion people using biometrics for payments by 2023.

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News

 

OSIA officially adopted as ITU standard for interoperable digital identity management

The Open Standards Identity API (OSIA) is now recognized as an international standard by the International Telecommunication Union’s Telecommunication Standardization…

 

NIST issues guidance to fit passkeys into digital identity recommendations

The U.S. National Institute and Standards Institute has published a supplement to its digital identity guidelines as interim advice for…

 

US oversight body calls for more real-world biometrics testing, bias protections

A federal U.S. agency wants more testing of biometrics applications in the real world, stronger protections against bias and more…

 

Open Home Foundation launches to defend privacy, choice in smart homes

The Open Home Foundation has launched as a non-profit to support privacy, choice, and sustainability for smart homes. This will…

 

UK researchers extract drug residue from gel-lifted fingerprint biometrics

A new breakthrough in a familiar technology could help researchers use fingerprint biometrics to solve cold cases. A press release…

 

Fujitsu scolded for identity error in Japan’s My Number system

Japan’s My Number personal ID system is planning to allow digital identity documents as valid proof of identity when obtaining…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events