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Idex Biometrics CEO update emphasizes spiking contactless payments demand in US

Idex Biometrics CEO update emphasizes spiking contactless payments demand in US

Idex Biometrics is well-positioned to capitalize on spiking demand for contactless payments, CEO Vince Graziani writes in his bi-annual update. Multiple prominent U.S. retailers have told Graziani that they have seen contactless payment go up by 150 percent each month since the pandemic began, something he recently discussed with Biometric Update in an interview.

The company’s progress in the biometric payment cards market is a particular focus of the update, and Graziani notes that every card made with Idex partner Zwipe’s Pay ONE platform includes an Idex fingerprint sensor and other technology.

“As a team we’re incredibly excited by the very high levels of interest and demand – interestingly from a much broader base of potential partners and customers – for our next generation of fingerprint sensors and biometric solutions, TrustedBio,” he writes. “We strongly believe this family of sensors and solutions are a game changer for the fingerprint biometric industry. TrustedBio sensors and solutions are being selected by multiple card and device manufacturers around the globe as they offer both compelling cost and performance benefits.”

Graziani credits the collaborative spirit of Idex’ employees for avoiding any significant delays or additional costs due to the pandemic.

Company highlights during the nine months since Graziani joined Idex include certification by China UnionPay and another global payment network, which combine for 70 percent of global branded payment cards, and a partnership to supply TrustedBio to Idemia.

Volume orders have begun, and the company plans to soon join the Nasdaq, likely in what promises to be a very eventful 2021.

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