• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

ICBC Signs On for Another Three Years with Gemalto

January 7, 2019

ICBC Signs On for Another Three Years with Gemalto

China’s largest bank is sticking with Gemalto for its payment cards, with the latter announcing that ICBC has awarded it a three-year contract. The agreement concerns major card brands including Amex, China UnionPay, JCB, Mastercard, and Visa.

In a statement announcing the agreement, Gemalto highlighted the popularity of payment cards in China, noting that almost three quarters of respondents in a recent survey of Chinese consumers said they could live for a month with less than $15 in cash. Gemalto also suggested that thanks to government-led efforts to upgrade Point of Sale terminals in the country, contactless payment methods are “set to grow.”

Gemalto’s card solutions for ICBC are dual interface, allowing them to function both with contactless readers and contact-based terminals.

Left unsaid in Gemalto’s announcement is the rise of biometric payment cards. The company has been highly active in this emerging area, having announced at the end of last year that a major Italian bank would be the latest to trial its new fingerprint-scanning payment card solution. Such payment cards are expected by many to be a major new trend in the payments industry over the next few years, so there’s a real possibility that such solutions will have a prominent place in Gemalto’s work for ICBC over the course of this latest phase of their collaboration.

Filed Under: Industry News Tagged With: Biometric, biometric payment cards, biometrics, contactless transactions, corporate news, corporate partnerships, FinTech, Gemalto, ICBC, payment cards

Related News & Articles

Fingerprints and STMicroelectronics Collaborate on New Biometric Card Tech

Realme Places In-Display Heart Rate Sensor in Upcoming 9 Pro+ Phone

Toshiba Enhances AR Smartglasses with Software Integration

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Identity Verification Can Elevate the Air Travel Passenger Journey — Here’s How
  • Refugee-focused Digital ID Uses Biometric Onboarding
  • HID Attains Anti-Spoofing Milestone With Lumidigm Fingerprint Biometrics
  • Video Interview: Learn How Biometrics Are Fighting AI-Enhanced Fraud with Onfido’s Therese Stowell
  • The Path to Biometric Universal Basic Income: Worldcoin Raises $115M in Series C Funding

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld