Oslo, Norway, 31 July 2019: IDEX Biometrics ASA, the leading provider of advanced fingerprint identification and authentication solutions, is pleased to announce that its dual-interface technology has been the first validated to surpass the key requirements for compliance, security and biometrics performance by multiple global payment schemes.
To meet the requirements for certification, cards undergo a series of rigorous tests to address security, biometric performance and structural integrity. IDEX Biometrics’ distributed matcher has been validated to meet the security requirements and has surpassed the biometric requirements. These testing processes were undertaken by third-party testing laboratories which involved a strict audit of IDEX’s innovative distributive matcher and security architecture.
Having surpassed the critical requirements for the biometric sensor and matching algorithms certification, IDEX has a compelling solution for card manufacturers looking to enhance their customer offering with the additional security and convenience of a biometric smart card to be used by multiple global payment schemes.
Stan Swearingen, CEO of IDEX Biometrics: “This is a significant landmark for IDEX and a clear validation of our advanced biometric technology and industry-leading security architecture. This confirms that IDEX has completed all its requirements to support full certification and we’re looking forward to further collaboration with our industry partners to complete the full card certification process and enable widespread adoption of biometric smart cards.”
For further information contact:
Stuart Hunt, Head of Investor Relations & Communications
+44 (0)1276 534 632
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX) is the 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, unlock devices or gain admittance to buildings 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 and follow @IDEXBiometrics
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.