NEXT Biometrics to begin sampling its dual interface smart card solution in Q2
NEXT Biometrics announced it will begin sampling its One Touch Flex dual interface biometric smart card solution in Q2 2019. This solution enables NEXT’s technology to be used with contact and contactless smart cards, including payment cards.
NEXT One Touch Flex combines the security and accuracy levels of the company`s flexible, large area fingerprint sensors with the convenience of dual interface smart cards. The biometric card module is capable of performing one touch fingerprint enrollment and verification operations on a dual interface smart card by solely harvesting power from a standard ISO/IEC 14443 NFC reader. ISO/IEC 14443 is an international standard that defines contactless smart card interface and transmission protocols.
“This is a key milestone in our Company strategy and we are excited to be part of the development of these next generation dual interface smart cards,” said Ritu Favre, CEO of NEXT Biometrics. “We are convinced that card issuers and their customers will greatly benefit from the smooth and reliable fingerprint enrollment and verification that our technology offers.”
Adoption of biometric smart card technology is projected to gain a foothold in the market from 2020 onwards. Market size for biometric smart cards is expected to reach up to USD 800 million in 2022 with payment cards accounting for some 60 percent, Government ID for some 25 to 30 percent and transportation and access control applications for some 5 to 10 percent of total market volume.
According to the announcement, the NEXT One Touch Flex biometric dual interface smart card subsystem has been specifically designed to meet the card industry`s requirements for ISO compliance, interoperability, and durability. It integrates with state-of-the-art smart card chip and operating system technologies and is suited for standard card manufacturing technologies.
Business update presentation and webcast
NEXT Biometrics Group will provide a technology and business development update on January 24 at 12:00 CET. The presentation will be hosted by CEO Ritu Favre, CFO Knut Stålen and Chief Sales and Marketing Officer Alain Faburel.
The presentation will be held in English and take place at SANDS, Cort Adelers gate 33, Oslo. It will be available as a live webcast and as a recording on the company website.
In December NEXT started to sample its One Touch ID FAP20 compliant fingerprint sensor to prospective customers in government ID, access control and point of sales markets.