IDEX Biometrics has reached an important milestone for IDEX Pay by successfully passing Visa’s certification using Visa’s latest VBSS biometric payment application.
The IDEX Pay biometric solution includes “the IDEX Biometrics proprietary card operating system and latest technology fingerprint sensor with Infineon’s high performing SLC38 secure element.”
The Visa certification is the “result of comprehensive biometric performance testing and ensures that payment’s scheme functional and security specifications are met.”
This certification confirms that IDEX Pay is “ready for scaled commercialization on the Visa payment network.”
With more than 3 billion Visa cards in circulation throughout the world and with a market position in key growth markets such as the APAC region, Latin America, and other jurisdictions, this certification reportedly “enables card manufacturers globally.”
IDEX Pay is said to be already certified “with Mastercard, and several card manufacturers have already received or are in finalizing stages of their Mastercard Letter of Approval process.”
Visa as well as payments processor Mastercard represent “64% of the 687 billion annual payment transactions, ensuring a global coverage for IDEX Pay.”
Catharina Eklof, Chief Executive Officer at IDEX Biometrics said:
“IDEX Biometrics is spearheading the industry, being among the first to deploy a certified biometric solution based on the Visa payment applet. We are hereby affirming our biometric solution’s compliance with highest security and functionality standards to card manufacturers and banks worldwide.”
As noted in the update, IDEX Biometrics ASA is “a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity.”
Their 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, their biometric solutions target card-based applications for payments and digital authentication.”
As an industry-enabler they partner “with card manufacturers and technology companies to bring our solutions to market.”
