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Visa certifies IDEX Biometrics' solution

Monday 26 August 2024 12:33 CET | News

Norway-based card manufacturer IDEX Biometrics has announced that its IDEX Pay was certified by Visa via the latter’s VBSS biometric payment application. 

Including the IDEX Biometrics card operating system and a fingerprint sensor with Infineon’s SLC38 secure element, the IDEX Pay biometric solution successfully passed Visa’s certification leveraging Visa’s VBSS biometric payment application. The receipt of the Visa certification follows comprehensive biometric performance testing and ensures that the payment’s scheme functional and security features are met. In addition, the certification confirms that IDEX Pay is prepared for scaled commercialisation on the Visa payment network. Currently having over 3 million Visa cards in circulation and a solid market position in APAC, Latin America, and Africa, the certification supports the capabilities of card manufacturers worldwide.

IDEX Biometrics has announced that its IDEX Pay was certified by Visa via the latter’s VBSS biometric payment application.

Moreover, IDEX Pay has been previously certified by Mastercard, with several other card manufacturers already having received or being in the final stages of their Mastercard Letter of Approval process. At the time of the announcement, Visa and Mastercard represented 64% of the 687 billion annual payment transactions, which ensures global coverage for IDEX Pay.

According to IDEX Biometrics’ officials, the company is working towards optimising the payment industry, being amongst the first to introduce a certified biometric solution based on the Visa payment applet. The firm underlined its biometric solution’s compliance with security and functionality standards to card manufacturers and banks globally.

 

Previous news from IDEX Biometrics

The current news follows IDEX Biometrics’ launch in South Asia in partnership with a challenger bank, with the latter aiming to leverage the firm’s solutions to accelerate its digital adoption. Also, biometric capabilities fit into the financial institution’s strategy of delivering technologically advanced products, while also providing responsible financial services and developing economic progress. Additionally, IDEX intended to further support the advancement of its strategy, with the firm looking to open biometric card markets across all of Asia. The merge between its base of card manufacturers in the South and its IDEX Pay market customised implementation programmes was set to allow the company to accelerate the adoption of biometric payments across the Asian market.

Source: Link


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Keywords: certification, biometrics, biometric authentication, digital payments, online payments, credit card, debit card
Categories: Payments & Commerce
Companies: IDEX Biometrics, Visa
Countries: Norway
This article is part of category

Payments & Commerce

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IDEX Biometrics

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Visa

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