Infineon and Fingerprints Celebrate Visa Certification
Infineon Technologies AG and Fingerprint Cards AB are thrilled to announce a significant achievement in the payment sector. Their innovative SECORA™ Pay Bio has successfully received certification by Visa, integrating advanced biometric technology to redefine payment security and convenience. This success not only marks a milestone for these industry leaders but also paves the way for seamless and secure transactions globally.
Bringing Fingerprints Technology to Payment Solutions
The SECORA™ Pay Bio solution utilizes Fingerprints’ advanced FPC1323 sensor, known for its high-quality fingerprint recognition capabilities. By embedding this technology in payment cards, Infineon has created a solution that enhances both security and the user experience. The joint effort ensures that cardholders can enjoy an efficient method of verification that eliminates the need for traditional PINs, thus increasing security through biometric authentication.
Key Benefits of SECORA™ Pay Bio
- Enhanced User Experience: Users can enjoy touchless payments, which not only expedites transactions but also promotes hygienic practices, a crucial consideration in today’s world.
- Robust Security Measures: The dual authentication system leveraging fingerprint biometrics significantly lowers the risks associated with standard PINs.
- Seamless Integration: The design of SECORA™ Pay Bio ensures that banks and financial institutions can incorporate this technology into their existing systems with minimal effort.
Strengthening Partnership Between Infineon and Fingerprints
The dual certification from both Visa and Mastercard further positions Infineon and Fingerprints as leaders in the biometric payment card industry. In addition, as part of their ongoing collaboration, Infineon has placed a substantial order for sensors from Fingerprints, set to enhance the production capabilities for biometric cards.
Leadership Insights on the Certification Success
Adam Philpott, CEO of Fingerprint Cards, expressed enthusiasm about achieving this certification, stating, "The certification for SECORA™ Pay Bio highlights our commitment to driving innovation and security within the payment industry. This milestone enhances the biometric payment card landscape, which aims at offering ease of use for customers combined with fortified security measures. We are proud of our collaboration with Infineon, which continues to solidify our position in this vibrant market."
Tolgahan Yildiz, Head of Trusted Mobile Connectivity and Transactions at Infineon, added that, "Our integrated solution simplifies the approval process for our customers, making it easier and more efficient to implement biometric payment cards. SECORA™ Pay Bio has been meticulously designed to streamline the enrollment processes, ensuring a smooth and effortless experience for end-users as we look forward to successful project launches with Fingerprints."
Contact Information for Inquiries
For further insights into the SECORA™ Pay Bio solution or to learn more about this partnership, please contact:
Adam Philpott, President & CEO
Investor Relations: +46(0)10-172 00 10, investrel@fingerprints.com
Press Inquiries: +46(0)10-172 00 20, press@fingerprints.com
Frequently Asked Questions
What is SECORA™ Pay Bio?
SECORA™ Pay Bio is a biometric payment card solution that integrates advanced fingerprint recognition technology to enhance payment security and convenience.
Who developed SECORA™ Pay Bio?
The solution was developed through a collaboration between Infineon Technologies AG and Fingerprint Cards AB, combining expertise in payment systems and biometric technology.
Why is the Visa certification important?
The Visa certification not only validates the security and functionality of SECORA™ Pay Bio but also facilitates its adoption by banks and financial institutions for smarter, biometric-enabled payment solutions.
How does SECORA™ Pay Bio improve payment security?
The product utilizes biometric authentication, which provides a more secure alternative to traditional PIN-based payment systems, drastically reducing the risk of fraud.
What does this milestone mean for the future of biometric payments?
This achievement signifies a growing acceptance of biometric technologies in payment systems, promoting efficiency and security while transforming consumer payment experiences.
