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IDEX Biometrics payment card solution reaches certification milestone with Mastercard

Written by Customer Service on . Posted in Public Companies.

Oslo, Norway – 13 April 2023 – IDEX Biometrics has achieved an important certification milestone by successfully passing Mastercard’s Fingerprint Test Assessment Summary (FTAS) for its latest generation biometric sensor. This sensor is a core element of the IDEX Biometrics complete payment card solution, which also includes Infineon’s SLC38 secure element and IDEX Biometrics proprietary card operating system. 

FTAS is a significant milestone in a comprehensive certification process and ensures biometric performance, latency and required security specifications are met. This Mastercard certification represents a critical step in a comprehensive certification process and confirms that the industry leading IDEX Biometrics payment card solution is ready for commercialization.

IDEX Biometrics currently has agreements with 10+ card manufacturers globally, who will launch biometric smart cards based on the certified IDEX Biometrics payment card solution. 

“This is an important milestone for IDEX Biometrics affirming our biometric solution’s compliance with highest security and functionality standards to card manufacturers, issuers and banks. With reduced cost, risk, and time-to-market for the manufacturers, our certified biometric solution enables market acceleration and meets the growing demand for secure payments,” says Vince Graziani, Chief Executive Officer at IDEX Biometrics.

For further information contact:
Marianne Bøe, Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 918 00186

About IDEX Biometrics

IDEX Biometrics ASA (OSE: IDEX and Nasdaq: IDBA) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

For more information, visit www.idexbiometrics.com

TRADEMARK STATEMENT
IDEX, 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

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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