“FPC’s new order from its unnamed top-three card manufacturer is for 250,000 units…”
Fingerprint Cards has received another volume order for its T-Shape sensor from an unnamed customer described as one of the top three card manufacturers in the world. The order comes after FPC announced a volume order from an unnamed client matching the same description at the start of this year.
The T-Shape sensor is designed specifically for integrations into a card form factor, with Fingerprint Cards pitching the solution at the emerging payment cards market as an application area of particular interest. Financial service organizations like France’s Crédit Agricole are taking advantage of the fingerprint scanning technology to enable biometric payment authorization for contactless payment cards, improving security while maintaining the convenience of tap-to-pay transactions.
FPC’s new order from its unnamed top-three card manufacturer is for 250,000 units, with the company framing the order as an indication that its market rollout of biometric card technology is accelerating.
“Fingerprint sensors for biometric payment cards represent a very large potential market for biometrics, and this order manifests our leading position within this growing market and the strength of Fingerprints’ solution,” explained Fingerprint Cards Payments & Access SVP Michel Roig. “Together with our partners, we are enabling banks to remove the payment cap and bring consumers the trust and experience needed for contactless payments.”
News of the volume order arrives a week after Fingerprint Cards’ Board of Directors’ announcement that they are launching a strategic review of the company that could include the consideration of potential acquisitions, spin-offs, and new listings.
(Originally posted on FindBiometrics)