“…the company indicated that its TrustedBio sensors will be used in a biometric payment card that will be ‘made available to financial institutions early in 2021.'”
IDEX Biometrics has received another volume order from an unnamed global card manufacturer for its TrustedBio biometric fingerprint sensors.
In a brief statement, IDEX declined to name the customer that placed the order, but indicated that it had placed at least one previous order for the card-focused fingerprint sensor solution. IDEX CEO Vince Graziani also described the customer as a “Tier 1” firm, suggesting it’s a prominent card maker in the global market.
IDEX first unveiled the TrustedBio system-on-chip solution in February of 2020, and immediately proceeded to announce that it had established a supply agreement with a Tier 1 smart card maker. IDEX went on to announce that it had delivered its first TrustedBio shipment in August, asserting at the time that its Tier 1 smart card manufacturer customer was planning customer pilots of a biometric card in the fourth quarter of this year.
In announcing this latest order, the company indicated that its TrustedBio sensors will be used in a biometric payment card that will be “made available to financial institutions early in 2021.”
Commenting further, Graziani suggested that this order is part of a greater accumulation of momentum for IDEX in the nascent biometric payment cards space.
“We are delighted to receive another volume order from a rapidly growing list of Tier 1 customers for our TrustedBio fingerprint sensors,” he said. “It is clear the industry is recognizing that our TrustedBio fingerprint sensors and biometric solutions offer very compelling cost and performance benefits.”