IDEX Biometrics ASA and Accomplish Financial, a payment solution provider with a strong portfolio of fintechs and banks across the UK, Europe, and North America announce that Accomplish Financial will launch biometric payment cards enabled by the IDEX Biometrics TrustedBio Turnkey solution, powered by the SLC38 chip from Infineon Technologies. As announced previously, these cards are expected to reach consumers in Q1 2023.
80% of consumers globally demand biometric payment cards, and 62% are willing to switch banks to get one1. Enabling banks and fintechs to meet growing consumer demand is paramount. IDEX Biometrics and Accomplish have developed an innovative go-to-market solution that will accelerate biometric card launches for banks and fintechs.
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Catharina Eklof, Chief Commercial Officer of IDEX Biometrics says “IDEX Biometrics is providing smoother customer payment experiences, and Accomplish Financial and IDEX Biometrics are sharing the same mission to make consumers’ financial lives easier. Accomplish is an agile partner, and we are delighted to jointly accelerate the biometric payment market in the UK and across Europe, providing banks and fintechs with robust and easy go-to-market solutions”.
“With rising contactless limits, consumers are asking for increased security while maintaining a seamless experience; payment cards need to evolve. The IDEX Biometrics solution provides these advancements whilst maintaining compatibility with payment terminals globally and making adoption straightforward. Accomplish Financial has identified that there is a big opportunity for biometric payment cards to be used to improve customer journeys. Combined with card issuing and in-house processing expertise from Accomplish, we continue our trend of offering the payment industry the most innovative products”, says Guy Raymond El Khoury, CEO of Accomplish Financial.
IDEX Biometrics is a 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 or unlock devices 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.
SOURCE: Globe Newswire