VISA Certifies Biometric Payment Card Secured by IDEX Biometrics TrustedBio Solution
Oslo, Norway – 3 November 2021 – IDEX Biometrics ASA today announced that VISA® has fully certified IDEX Biometrics’ TrustedBio® fingerprint authentication solution, as part of IDEMIA’s F.CODE biometric payment card platform.
This certification provides card issuers access to a world-class biometric card platform. According to Nilson Reports, VISA currently has approximately 3.6 billion cards in circulation and is expected to grow that number 18% by 2026.
The Letter of Approval (LOA) issued by VISA gives assurance to the payment ecosystem that the F.CODE card payment platform, inclusive of the TrustedBio solution, is fully compliant with EMV® interoperability standards and VISA’s highest security and performance standards. The LOA also assures issuers, merchants, and millions of consumers that the card will operate seamlessly across VISA’s global network, addressing the long-awaited demand for increased security through biometric authentication.
IDEX Biometrics’ Chief Executive Officer, Vince Graziani, commented, “Completion of the VISA certification is an important achievement, as it allows for rapid deployment of biometric cards for all the worldwide banks, challenger banks, fintechs, and other card issuers. Fingerprint biometrics is one of the major technology developments for smart cards in recent years and, enabled by our proprietary solution approach, will play a critical role in the future of payments delivering a better, more secure payment experience.”
For further information contact:
Marianne Bøe, Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: +47 9180 0186
Brett L Perry, U.S. Investor Relations
E-mail: bperry@sheltongroup.com
Tel: + 1 214 272 0070
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) is a leading provider of fingerprint identification technologies offering simple, secure, and personal authentication for all. We help people make payments, prove their identity, gain access to information or unlock devices with the touch of a finger. We invent, engineer, and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.
For more information, visit www.idexbiometrics.com
TRADEMARK STATEMENT
IDEX, TrustedBio, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders.
EMV, which stands for Europay, Mastercard and Visa, is the trademark of EMVCo, LLC, which administers standards for card-based transaction and authentication standards.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
