Fingerprint Cards‘ Korea-based partner Kona I has achieved another important milestone in its journey toward large-scale deployments of its biometric payment card solution: the company has obtained approval from a “major US payment network,” according to a new announcement from FPC.
The companies have been on a long journey together. Kona I first integrated a Fingerprint Cards sensor – the FPC1020 model – into one of its smart card solutions back in 2016. The next year, they announced an expanded partnership that would see FPC sensor integrations across four different smart card models.
In 2018, Kona I provided its payment card solution for one of the first major trials of biometric payment cards, organized by Visa. The solution being tested out in that case featured a Fingerprint Cards sensor, as well as algorithm software provided by Precise Biometrics.
Now, FPC says it is “proud to support” its partner as Kona I’s solution has passed an important hurdle on the path to US deployments. “This is an important accomplishment as banks around the world are getting ready to deploy biometric payment cards,” Fingerprint Cards said in its announcement.
The news arrives just a couple of weeks after Kona I received a Vendor Letter of Approval from Mastercard, which confirmed that its biometric payment card meets Mastercard’s regulatory specifications and complies with CAST, CQM, CSI, and IAT standards.
The announcement also comes on the heels of the news that Fingerprint Cards’ technology is being used in a new biometric payment card from Crédit Agricole France. The latter is one of the world’s largest cooperative financial institutions, and its decision to move forward with a rollout of biometric payment cards marks an important milestone for the payments technology and for FPC’s biometric sensors in particular.
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(Originally posted on FindBiometrics)
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