XH Smart Tech biometric card with IDEX fingerprint sensor featured at MWC19
IDEX Biometrics announced today that its Chinese smart card partner XH Smart Tech is featuring a dual-interface, battery-less payment card using IDEX’s contactless fingerprint sensor technology this week at Mobile World Congress.
IDEX revealed its biometric cards partnership with XH Smart Tech last October. The Norwegian biometrics firm notes that the companies have been working closely together to accelerate deployment of biometric smart cards.
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 and 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.
In January, IDEX completed a private placement of US$25 million which the company said it will use to meet capital and operational requirements, and expects to carry it to profitability as biometric payment cards are adopted.
IDEX, which is reporting its Q4 2018 results on Wednesday February 27, is working toward the mass deployment of its sensors on biometric payment cards, which Swearingen recently told Biometric Update will likely begin this year. The company says it is ideally positioned to capture a large share of this market with its sensor solutions, matching algorithms and remote enrollment solution.