TheFintechTimes: IDEX SVP Predicts Big Things For Biometrics In 2018
7 September 2018
By David Orme, SVP, IDEX Biometrics
IDEX is a leading developer of advanced off-chip fingerprint sensors and complete system solutions to a range of biometrically-enabled applications, with a focus on smart cards.
Payment cards have been in use since the 1950s. For decades we relied on signatures as a form of security, until 2006, when chip and PIN cards were introduced to the UK. Yet PINs are notoriously vulnerable, with many people using obvious numbers or even writing them down. This is why phones have been using fingerprint technology since 2004. But getting a fingerprint sensor on a card has – until now – been a challenge. Cards are thin, lightweight and have no power source. This is where IDEX and its innovative fingerprint recognition system comes in. The technology is now ready to be attached to the every-day payment card we all use across the globe.