• 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

IDEMIA Combines Driver’s License with Payment Card

November 2, 2020

“With IDEMIA and Mastercard in partnership, we believe the capabilities of a multi-functional card with combined payment and identifications will increase in importance due to the demand to get funds into consumers’ hands quickly and easily without compromising security.” – Matt Thompson, SVP of Civil Identity for North America, IDEMIA

IDEMIA is looking to combine a driver’s license with a payment card in its newly-announced “Converged Card” solution.

IDEMIA Combines Driver's License with Payment Card

In addition to acting as proof of identity and a license to drive, the Converged Card is also designed to facilitate transactions between the citizen and the state. Such transactions could include things like tax refunds, utility assistance, and unemployment benefits.

It’s an approach to state subsidies that would cut through a lot of red tape, and one that might be particularly appealing at a time of crisis and financial uncertainty amid the worsening COVID-19 pandemic.

More generally, though, the card could “address the foundational issues of financial inclusion,” explained IDEMIA’s President of Financial Institutions for North America, Megan Heinze.

The Converged Card has been developed in partnership with Mastercard, which has also been working with IDEMIA on its biometric payment card solution in recent years. The Converged Card collaboration came about through a Mastercard program called City Possible, which is aimed at finding innovative approaches to making cities more inclusive and sustainable.

“With IDEMIA and Mastercard in partnership, we believe the capabilities of a multi-functional card with combined payment and identifications will increase in importance due to the demand to get funds into consumers’ hands quickly and easily without compromising security,” said Matt Thompson, IDEMIA’s SVP of Civil Identity for North America.

The Converged Card could also potentially offer synergies with IDEMIA’s developing virtual driver’s license platform, an effort in which the company is currently already working with more than three-quarters of US states. The aim is essentially to create a smart driver’s license that is housed virtually in an end user’s smartphone.

Filed Under: Carousel, Industry News Tagged With: biometric payment cards, card solutions, driver's licenses, IDEMIA, IDEMIA Converged Card, MasterCard, MDL, mobile driver's license, payment cards, virtual driver's licenses

Related News & Articles

Another Report Points to Biometric Sensors in Future AirPods

Ping Identity Helps With DB Schenker’s Digital Transformation

Zwipe Partners with Allcard, Gets Foothold in Emerging Philippines Biometric Card Market

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

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

  • Thai Authorities Approve Mobile ID for Airport Boarding
  • New Yoti Solution Ties Biometrics to e-Signatures
  • Kenya’s New President Pushes for Digital ID By Year’s End
  • MDL, Digital ID Gain Momentum in State Efforts
  • Brazil-based Selfie Onboarding Startup Reports 250% Sales Jump, Global Expansion

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