IDEX Biometrics will be working with an unnamed Secure Element provider to accelerate the commercial adoption of biometric cards. The alliance builds and expands on the existing relationship between the two companies, and will lead to the creation of a comprehensive solution that combines a Secure Element with IDEX’s TrustedBio fingerprint portfolio.
IDEX’s anonymous partner develops Secure Elements that meet the latest EMVCo specifications. The integrated system will come with all of the algorithms and software needed to manufacture a biometric payment card, as well as the TrustedBio fingerprint sensor to support secure biometric authentication.
The two companies anticipate that their system will be ready for mass production sometime in the second half of 2021. They indicated that they will create a commercial framework that incentivizes each company to sell the joint solution, and to make sure that both partners stand to benefit from doing so.
“This partnership and the relationship between IDEX and our partner are very important to cement our leading position in the payment and biometric segments and will expand our global customer and issuer reach,” said IDEX CEO Vince Graziani. “We are bringing a complete solution to enable card manufacturers and integrators to easily design biometric smart cards with enhanced security and a superior user experience at a disruptive cost point.”
IDEX has partnered with multiple Secure Element providers in an effort to strengthen its position in the biometric smart card space. China UnionPay recently certified a Goldpac payment card with a TMC Secure Element and an IDEX sensor, and IDEX has formed similar Secure Element partnerships with Infineon and Shanghai Fudan Microelectronics.
(Originally posted on FindBiometrics)