“Noting that new biometric payment card technologies have at this point been tested and accredited for mass market launches, FPC wants to harness consumer demand to encourage banks to adopt the tech.” Fingerprint Cards has become the latest biometrics expert to point to the COVID-19 pandemic as an important new factor driving interest in contactless,…
Biometric smart cards are finally poised to become a commercial reality. In a recent memo, Zwipe CEO André Løvestam noted that several “1st Generation” biometric cards will achieve small-scale commercial launches in 2020, paving the way for an even greater breakthrough as demand increases in the next few years. Of course, Løvestam believes that Zwipe…
MarketsandMarkets has released a new report that details the impact of COVID-19 on fingerprint sensor markets. In that regard, the firm expects the market for that technology to double between 2020 and 2025, growing from $3 billion to $6 billion even though the coronavirus has raised health concerns and discouraged the use of shared fingerprint readers.…
“The two companies will work together on contactless payment solutions based on both card and wearable form factors.” Zwipe has found another new partner to help expand the reach of its biometric technology in the payments space. In this case, it’s Publicenter, described by Zwipe as Italy’s largest domestic smart card maker. The company is…
Zwipe has teamed up with Watchdata Technologies to develop contactless payment solutions. The offerings will eventually include wearable devices and contactless payment cards, which will be distributed to banks in multiple regions around the world. Watchdata is based in Beijing, though its company headquarters are located in Singapore. The company specializes in secure transactions and…
Biometric payment cards continue to inch their way toward commercial deployments, with Zwipe announcing that a Hong Kong-based partner is now ready to proceed with small-scale manufacturing. The biometrics specialist first announced its partnership with Toppan Forms Card Technologies (TFCT) in April, framing it as a means to move toward payment card commercialization in the…
Zwipe has a new Executive Vice President of Strategy and Channels: Bishwajit Choudhary has joined the company’s leadership, bringing with him extensive experience in the digital payments sector. Before his new appointment, Choudhary spent 20 years with Nets Group, a Denmark-based digital payments solutions provider focused on financial institutions. Choudhary worked his way up from…
All of this week’s top stories from Mobile ID World are in some way related to commerce and payments, while a fifth entry is a blast from the past. On the financial side of things, this week brought Samsung’s announcement of Samsung Money by SoFi, its answer to the Apple Card. It’s essentially a virtual…
Thales is the latest organization to suggest that COVID-19 could accelerate the adoption of contactless payment technologies. The company notes that the amount of cash in circulation has decreased during the pandemic, while online transactions have gone up in the same period. Now Thales is arguing that some of the changes could be permanent, and…
It’s been another varied week in Mobile ID World news, but this week’s top stories roundup features payment cards as a notable theme, with, of course, an appearance from the topic of COVID-19. This week brought the news that China UnionPay has offered a Letter of Approval for a biometric payment card featuring IDEX Biometrics…
“This LOA is a critical step to driving mass adoption in China. IDEX and our partners are now approved for deployment in the world’s largest market for payment cards.” Vince Graziani, CEO, IDEX Biometrics IDEX Biometrics is celebrating another important step toward mass commercialization of biometric payment cards: the company says that a card featuring…
ABI Research is predicting that COVID-19 will accelerate the adoption of contactless payment cards. The firm now believes the number of cards issued in 2020 will exceed initial estimates by more than 110 million cards, a figure that will bring the total number of contactless payment cards in circulation to more than 2 billion internationally. …
While various companies are reeling from the disruptive effects of the COVID-19 pandemic, Zwipe is staying its course and proceeding as planned, the fingerprint biometrics specialist suggests in its Q1 2020 operational update. Zwipe’s overarching plan is still to establish itself as a leader player in the emerging biometric payment and smart cards space, and…
IDEX Biometrics has revealed that it has received more than $700,000 in production orders through the first four months of 2020. The company is currently ramping up production to meet those obligations, and expects to ship the orders in the second and third quarters of the year. The components will be shipped to customers in…
Mastercard has released the results of a global survey that suggests that the COVID-19 pandemic is accelerating the adoption of contactless payments. An astonishing 79 percent of the respondents confirmed that they are now using contactless payments, with many citing safety as their primary motivation for doing so. To that end, 82 percent of the…
Zwipe is continuing to make inroads in the Asian market. The company has formed a partnership with Hong Kong’s Asia Credit Card (ACC) to develop a full portfolio of biometric payment services and products. The partnership will focus primarily on biometric payment cards. Zwipe is planning to launch its Pay ONE platform later this year,…
A collaboration between IDEX Biometrics and Secure Element specialist Tongxin Microelectronics Co. (TMC) is starting to pay off, with the companies’ technologies being used in a biometric payment card solution that has now received certification from China UnionPay. “This certification uses TMC’s most advanced secure element and we expect to see it in many biometric…
Zwipe is teaming up with Toppan Forms Card Technologies to move biometric payment cards towards the commercialization phase in Macau and Hong Kong. The two companies will work together to develop new cards, and to market those cards to Toppan’s customers in the region. To that end, Toppan will integrate the Zwipe Pay ONE platform…
Fingerprint Cards (FPC) is once again pushing the benefits of contactless payment technology. In its latest blog post, the company notes that contactless payments have gone up since the onset of the COVID-19 pandemic, even in countries (like Germany) that have been slower to switch from cash to cards. The logic behind that trend is…
