• 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

IDEX Fingerprint Tech Supports Digital Wallet Trial in China

February 18, 2021

The Postal Savings Bank of China has deployed IDEX Biometrics’ fingerprint technology in a new hardware wallet that is being used in a digital RMB trial. The digital Renminbi currency is the only digital currency that is currently legal in China, and the Bank is hoping that the trial will help raise financial inclusion in the country.

IDEX Fingerprint Tech Supports Digital Wallet Trial in China

The hardware wallet is built with an IDEX fingerprint sensor, and comes with the matching biometric software needed to make it function. The wallet functions as both a digital health card and a payment card, and supports online payments through a payment network in addition to offline payments when there is no network connection.

The Postal Savings Bank believes that the new card will be particularly popular with elderly clients, who may not be quite as familiar with smartphone applications. The hardware wallet will give them an easy way to access digital healthcare and financial services, even if they struggle with a more conventional mobile device.

“This Digital Currency Electronic Payment trial is exciting on many levels,” said IDEX CEO Vince Graziani. “It not only demonstrates the value of biometric cards for digital currency initiatives globally, but also demonstrates our vision that a single biometric card will ultimately have multiple applications that require highly secure digital identity for individuals. These new applications have the potential to drive massive deployment of biometric cards worldwide.”

Goldpac recently received a second letter of approval from China UnionPay for a biometric payment card featuring IDEX’s fingerprint technology. That card also includes a secure element from Tongxin Microelectronics, and is the second IDEX card to receive China UnionPay certification after a FEITIAN card accomplished the feat back in April.

–

(Originally posted on FindBiometrics)

Filed Under: Industry News Tagged With: Biometric, biometric authentication, biometrics, digital currency, financial services biometrics, Fingerprint biometrics, fingerprint recognition, IDEX, IDEX Biometrics, Postal Savings Bank of China

Related News & Articles

Utah Bill Would Make State’s Mobile ID Official

Multinational Working Group Shares 11 Principles for Interoperable Digital IDs

Another Chinese AI Firm Gets Millions in Backing

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

  • Mobile Biometrics Specialist Attains Compliance With UK’s DIATF
  • Nordic-Baltic Ministers to Push for Cross-Border Digital ID Interoperability
  • 1Password Rolls Out Passkey Support for iOS Users
  • Somalian Government Launches Digital ID System
  • Philippines Authorities Aim to Roll Out Mobile IDs By Year’s End

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