Progress on biometric payment cards reported by Idex, Linxens, Zwipe


The Chinese company Union Smart Card Co has selected the fingerprint authentication technology of the Norwegian company Idex Biometrics for a biometric “cold wallet” payment card that it is developing with six major Chinese banks to be used in the framework of the Chinese digital currency / electronic payment initiative (DC / EP).

Union Smart will use its patented cold-seal card manufacturing technology to produce the Cold Wallet visual payment card with Bluetooth and NFC, data storage, display and keypad as well as the authentication component of Idex Biometrics . The cold wallet is a digital wallet without an Internet connection. A hot wallet, usually on a smartphone, is connected to the internet. Cold wallets or offline wallets are generally associated with cryptocurrencies and considered to be more secure because offline they are more difficult to hack.

China is embarking on a national digital version of its fiat currency, the renminbi or the yuan. The zones have been tested and new digital wallets based on cards and phones are expected to be unveiled during the Beijing Winter Olympics in February 2022. reports By July 2021, trial users had created over 20 million yuan digital wallets and completed transactions worth over £ 3.6 billion (approximately US $ 4.9 billion) in the digital currency of the Central Bank.

The country also recently announced that all other cryptocurrency transactions are illegal, reports the. BBC, including those carried out via foreign stock exchanges. This follows the ban on trading cryptocurrencies in 2019.

Idex Biometrics has reported growing demand for its TrustedBio biometric fingerprint sensors for use in payment cards and is ramping up production.

System-on-Card biometrics explosion

With on-board biometric authentication for each payment, biometric payment cards do not require the periodic entry of the cardholder’s PIN code or for larger transactions. This makes the technology more secure and truly contactless. Biometric data is stored on the card and is not shared with the bank or the merchant.

Speaking at London Identity Week, Linxens Group Vice President of Marketing Franck Germain predicted rapid growth in card biometrics.

It predicts that Linxens’ annual demand for biometric passports will be 100 million pieces per year (they have provided over one billion since 2007), 130 million national electronic identity cards, 60 million driver’s licenses and 80 million electronic social security cards.

Germain presented Linxens’ “the latest generation of the merchant card – fully transparent, fully practical” last week in London. The biometric authentication card (compared to previous generations of biometric storage cards) has a built-in fingerprint scanner for inserted and contactless payments, and, like other cards entering the emerging market, performs a offline match without battery.

The concept can be applied to any type of document, according to Germain, such as facility access cards or passports.

A Thales biometric payment card is being piloted in France by Crédit Agricole and BNP, which launched a television advertisement to promote the service on Sunday evening in France, and by BBDA in Mexico. “With all the different pilots to come – over 30 pilots currently in the world – there will be around 80 million of these biometric ID cards in the wild by 2025,” said Germain, who shared an analysis showing around one. million biometric payments. are currently in use around the world and noted that Europe is a pioneer in the adoption of the technology.

Zwipe CEO André Løvestam said the company offers the “world’s first so-called single-silicon platform” for contactless biometric payment cards. Talk to Redeye, Løvestam said the technology is now available to partners around the world and provides for up to one billion new biometric payment cards per year by 2030.

Zwipe’s research on whether consumers prefer biometrics found positive responses from 77 percent of respondents in the United States, 86 percent in South Africa, 92 in India and 94 in Saudi Arabia.

The company also announced that Fintech Que Processing Services (QPS) has selected Zwipe Pay ONE to offer biometric payment cards to banks in India, South Asia and the Middle East.

STMicroelectronics, for its part, declares in a Tweeter that its biometric payment card with Fingerprint Cards technology will be available in the fourth quarter of 2021.

Articles topics

authentication | biometric cards | biometrics | contactless | fingerprint recognition | Idex Biometrics | Linxens | payments | STMicroelectronics | Zwipe | Zwipe Pay ONE


About Matthew R. Dailey

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