IDEX Biometrics continues to do brisk business with its TrustedBio line of fingerprint sensors. The company has now received a production order from Ubivelox, a Seoul-based smart card and software specialist.
IDEX first announced its strategic partnership with Ubivelox in late September, explaining at the time that the companies would work together on biometric payment cards aimed at the APAC market. They’re evidently making progress, with plans to deliver a biometric payment card solution to Ubivelox’s customer base of over 140 firms, including Visa and Mastercard issuers.
“We are excited to receive this order for TrustedBio fingerprint sensors just a few weeks after announcing our partnership with Ubivelox,” commented IDEX Biometrics CEO Vince Graziani. “IDEX TrustedBio fingerprint sensors and biometric solutions are seeing rapidly increasing demand due to our market leading cost and performance to both card manufacturers and card issuers.”
IDEX announced its first volume order for TrustedBio sensors in early September, and announced new orders from Dongwoon Anatech earlier this month. Just a few days ago, IDEX revealed that Zwipe had ordered 300,000 TrustedBio units as the first step in what is expected to be a fruitful partnership after the companies signed a Chanel Partner Agreement earlier this year.
In announcing the Ubivelox order, IDEX did not disclose its value or the number of units it entails.
In any case, fingerprint-scanning biometric payment cards are widely expected to become an important new trend in the payments industry, with large-scale deployments anticipated for next year.