Digital Payments News

IDEX Biometrics Payment Card Solution Fully Certified By Mastercard

IDEX Biometrics payment card solution fully certified by Mastercard

IDEX Biometrics has successfully completed the full Mastercard certification and received Conformity Compliance Statement (CCS) for its IDEX Biometrics Payment Card solution1. The complete and certified biometric card solution includes the IDEX biometric sensor, a Linxens EMV2 module including Infineon’s SLC38B secure element, card inlay with antenna, and the IDEX card operating system with payment applets. Biometric payment cards built on the IDEX Biometrics payment card solution will provide seamless payment experiences for consumers around the world.

Latest Fintech Interview Global Fintech Interview with Will Tumulty, CEO at Rapid Finance

The IDEX Biometrics payment card solution has successfully completed Mastercard’s Compliance Assessment and Security Testing (CAST). This is the final Mastercard certification step and follows the previously announced FTAS certification of the sensor performance. Smartcard manufacturers can now fully leverage this certification for their Letters of Approval (LoA) without having to complete compliance tests on their own, significantly reducing development cost and time to market.

More than 15 global and regional card manufacturers and resellers have already selected the IDEX Biometrics certified payment card solution, as they respond to the increasing demand from banks and fintechs for biometric payment cards.

Read More About Fintech Interview: Global Fintech Interview with Aiman Mirzakhmetova, Chief Executive Officer at Inka Finance

“Infineon is delighted to see our partner IDEX Biometrics bringing their biometric payment cards solution, including Infineon’s high end secure element SLC38B to the market, addressing the increasing needs for secured and convenient payments.” says Tolgahan Yildiz, Head of Product Line Payment Solutions at Infineon. “With its excellent RF performance, increased number of interfaces, and computation power, SLC38B is the right fit for biometric smart cards, enabling seamless user experiences. Infineon is committed to address the emerging market of biometric payments with tailored products and systems together with our partners.”

“This is a significant accomplishment for IDEX Biometrics and our partners, Infineon and Linxens. Together we are bringing to market a top-of-the-line biometric solution to card manufacturers, issuers and banks, featuring the highest levels of user experience and functionality. We expect accelerated growth as these cards built on IDEX certified payment solution reach the market in the fourth quarter of 2023,” says Vince Graziani, Chief Executive Officer at IDEX Biometrics.

1 Mastercard Compliance Assessment and Security Testing (CAST) and Interface and Application Testing (IAT). Testing performed by independent certified test labs accredited by EMVCo and qualified by Mastercard

Browse The Complete Interview About Fintech : Global Fintech Interview with Stanley Rameau, Founder and CEO at Renavest

 [To share your insights with us, please write to sghosh@martechseries.com] 

Related posts

Wolters Kluwer Adds CCH Axcess™ AutoCheck to its Integrated Audit Solution Set

Fintech News Desk

Island Raises $115 Million in Series B Funding to Enable Massive Innovation on Enterprise Browser

Fintech News Desk

BSO’s Crypto Connect With PicoNet

Fintech Staff Writer
1