“The biometric smart card market is gathering momentum and to accelerate their mass adoption it is important to ensure interoperability between all elements of the transaction value chain.” – Stan Swearingen, CEO, IDEX Biometrics
IDEX and Chutian Dragon, a China-based card manufacturer that teamed up with the company last autumn, have added a third partner to the mix: The two firms will be working with PAX Technology Limited, a provider of payment terminals and related software.
The companies’ collaboration will of course be focused on IDEX’s focus are of biometric payment cards, with IDEX explaining in a press release that PAX will work with the companies “to run real-life EMV compliant transactions of biometric smart cards” featuring IDEX’s SmartFinger IDX 3200 fingerprint sensor for card applications.
Elaborating further on the reason for the collaboration, IDEX CEO Stan Swearingen explained, “The biometric smart card market is gathering momentum and to accelerate their mass adoption it is important to ensure interoperability between all elements of the transaction value chain.”
Chutian Dragon CEO Susan Su, meanwhile, emphasized that collaboration’s “showcase” of “realistic payment transactions” will represent “a significant step forward in bringing biometric payment cards to Asia.”
News of the collaboration comes just ahead of IDEX’s Annual General Meeting on May 9th, at which executives with the company may offer further details about their strategic efforts in the biometric payment cards market, which is expected to see some major commercial rollouts later this year and in 2020.