IDEX fingerprint sensor for biometric cards demonstrated at Money20/20 Europe
Copenhagen, Denmark, 27 June 2017 – IDEX ASA (Oslo Børs: IDEX), a leading developer of advanced fingerprint solutions, announce that a top-tier European card integrator is demonstrating the company’s new flexible fingerprint sensor at Money20/20, Europe’s largest FinTech event, this week.
In the wake of the ongoing mass adoption of biometric technology in smartphones, recently a substantial increase in interest has emerged to capitalise on the usability and security benefits of fingerprint biometrics in payment and identity smartcards. This trend is expected to be a prevalent theme at Money20/20 Europe, as key stakeholders across the payments and financial services ecosystem gather to discuss the evolution of how consumers as well as businesses manage and approach monetary transactions.
IDEX is positioned to positively influence the industry’s next generation of payments with its ground-breaking fingerprint sensors, which enable superior usability and unmatched security for payment cards. As evidence of the company’s progress towards this objective, IDEX recently announced that its highly differentiated, flexible off-chip fingerprint sensor is featured in Mastercard’s next generation biometric card.
Additionally, last week IDEX launched its newest fingerprint sensor for dual interface cards, which is now sampling with a top-tier European card integrator participating at Money20/20 Europe. IDEX’s new-low power sensor enables a biometric card with industry-leading fingerprint authentication, while maintaining the same shape, size and flexibility as current ISO standard EMV payment cards. Most importantly, the solution capitalises on the state-of-the-art power management offered by IDEX’s newest ASIC to deliver this performance in both contact and contactless modes, without the need for an internal power source.
In addition to the performance and form factor benefits of the company’s off-chip fingerprint technology, IDEX’s sensors for biometric cards are designed to be integrated using current EMV card manufacturing equipment and processes, making the solution uniquely easy to scale and manufacture at a lower cost by leveraging the industry’s existing supply chain. Finally, IDEX’s sensor solutions for payment cards are fully compatible with the systems and payment terminals already deployed in markets across the globe, regardless of whether they feature contact or contactless technology. The company is actively sampling its solutions today, with the expectation to be ready for volume production in the second half of 2017.
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, firstname.lastname@example.org
Henrik Knudtzon, CFO, +47 9302 2827, email@example.com
IDEX develops and sells advanced fingerprint sensor technology and products. The company’s technology is used in a range of biometrically enabled applications within three core markets: Smart cards, mobile, and Internet of Things (IoT). IDEX’s addressable market represents a fast-growing multi-billion unit opportunity.
IDEX’s technology includes both the conventional silicon sensor and a unique off-chip technology, which means that the company can offer its partners solutions which are flexible and cost efficient.
IDEX ASA (ticker IDEX) is a Norwegian company, founded in 1996 and listed on the Oslo stock exchange in 2010.
For more information, please visit www.idexbiometrics.com