IDEX Biometrics Secures Major Order for Biometric Visa Cards

IDEX Biometrics Receives Order for Visa Biometric Cards

A prominent smart card technology and security company has placed an impressive order for 10,000 biometric cards with IDEX Biometrics. This order enables Visa bank card programs in one of the most rapidly evolving payment landscapes in the Middle East and Africa. Notably, this marks the first implementation of a Visa program using the innovative IDEX Pay biometric technology solution. The partner of IDEX Biometrics boasts a vast network, serving over 500 banks, governments, and corporations globally.

Innovative Advances in Biometric Payments

The rapid pace of innovation among card manufacturers is pushing the envelope in bringing biometric smart cards to market. Catharina Eklof, the Chief Executive Officer of IDEX Biometrics, emphasizes that with the recent certifications achieved by their manufacturing partners, they can now transition towards industrial-scale production and commercialization. This ultimately leads to enhanced security for payments, as well as improved access and identity verification for consumers worldwide.

Strengthening the Security Landscape

The importance of secure payment solutions cannot be overstated in today’s digital economy. With biometric technology, IDEX Biometrics is positioning itself as a leader in developing advanced authentication solutions that not only safeguard individual identity but also streamline user experiences. This move toward biometrics is particularly significant as it addresses growing concerns over security and identity theft in financial transactions.

Contact Information for IDEX Biometrics

For those interested in learning more about this development, the following individuals can be contacted: Marianne Bøe, Head of Investor Relations at +47 91800186, and Kristian Flaten, CFO at +47 95092322. For email inquiries, you can reach out to ir@idexbiometrics.com.

About IDEX Biometrics

IDEX Biometrics ASA (OSE: IDEX) stands at the forefront of fingerprint biometrics, providing advanced authentication solutions in various sectors, including payments, access control, and digital identity. These solutions are not only designed for security but also for ensuring user convenience and peace of mind in a seamless manner. Their technology is based on patented and proprietary designs, which include sensor technologies and integrated circuit designs, all aimed at enhancing card-based applications for payments and digital authentication.

Building Strategic Partnerships

As an enabler within the industry, IDEX Biometrics collaborates with leading card manufacturers and technology firms to bring their innovative solutions into the market effectively. This collaboration enhances their capacity to deliver robust and state-of-the-art biometric solutions that cater to the evolving demands of consumers and businesses alike.

Frequently Asked Questions

What does the recent order entail?

The recent order from a smart card technology company involves the production of 10,000 biometric cards that will support Visa's banking programs.

What is IDEX Biometrics known for?

IDEX Biometrics specializes in fingerprint biometrics, offering solutions for secure payments, access control, and digital identity verification.

How will biometric cards enhance security?

Biometric cards enhance security through individualized user authentication, reducing the risks of fraud and unauthorized transactions.

Who can be contacted for more information?

Individuals interested in further information can contact Marianne Bøe, Head of Investor Relations, or Kristian Flaten, CFO, at their provided contact numbers.

What is the significance of the Visa program?

This Visa program marks a significant step in the adoption of biometric technology in the payment industry, as it is the first of its kind utilizing IDEX’s biometric solutions.

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