TagNitecrest ready to manufacture biometric payment cards in the UK
UK-based card manufacturer Nitecrest announced in a LinkedIn post that it has the “capacity and technology” to start accepting biometric card orders. Nitecrest manufactures banking and payment cards in a 120,000 sq ft VISA and MasterCard secure facility through its financial services operation, TagNitecrest.
TagNitecrest is a UK joint venture business of Tag Systems, a European smart card and mobile payment solutions provider, and Nitecrest. In April Zwipe and TAG Systems announced a partnership to launch a commercial biometric payment card offering that will include a secure at-home enrollment solution.
“TagNitecrest is continuing to push boundaries and we are committed to researching and developing the latest payment technology,” explains Leeroy Pye, TagNitecrest CEO. “Biometrics combines the speed of contactless with the security of fingerprint identification. With millions of payments cards in circulation we see a fantastic opportunity for our investment in this new technology.”
“The physical payment card market is definitely experiencing a resurgence in creativity and innovation,” added Ronnie Hart, group chairman at Nitecrest. “The card suppliers are being challenged and TagNitecrest is excited to be up there, leading the way.”
With interest growing in fingerprint-based biometric payment cards, the Secure Technology Alliance has published an introductory resource for card issuers, issuer processors, payment networks and merchants to explain the business case, impact, and considerations for deploying the technology.
ABI Research recently suggested the biometric card market will experience significant growth starting in 2021. Mastercard VP of Identity Solutions Bob Reany declined to go on record with a specific prediction for when the cards will begin to reach the mass market in a recent interview with Biometric Update. Goode Intelligence predicts the market will reach 579 million units by 2023.