Fingerprints and Tag Systems to offer biometric payment cards globally
By Gloria Methri
Swiss-based biometrics company Fingerprint Cards has entered a partnership with card manufacturer Tag Systems to launch an advanced biometric payment card solution for customers worldwide.
Banks, FinTechs, and Tag Systems’ broader customer portfolio will be able to offer cardholders the security of biometric-enabled payment cards.
The solution will be based on Fingerprints’ biometric technology, which is already live in a combined 30+ pilots and commercial launches globally. Fingerprints’ pre-certified T-Shape sensor module, and software platform, will combine with Tag Systems’ payment card solutions and services, based on ST Microelectronics STPay-Topaz-Bio.
“Tag Systems is a fast mover in the ecosystem and a company known for offering the latest high-end payments services. Together we are addressing the security concerns of many consumers while maintaining and even enhancing the contactless convenience that they know and love,” said Michel Roig, President of Payment & Access at Fingerprints. “In Tag Systems we have a partner that both shares our belief in the value of biometric cards and can bring added value through their biometric card as a service offering.”
Olga Baró, Commercial and Marketing Director of Tag Systems, said, “With this partnership we aim to make biometric cards the top-of-wallet choice for consumers, leveraging Fingerprints’ established and proven solution for biometric cards. Cardholders will approve the transaction by fingerprint authentication which will result in safe, easy, and convenient payments for everyday purchases.”
Fingerprint Cards has recently engaged in a series of collaborations to promote contactless biometric payment cards around the world. In September, the company announced its partnership with financial and banking solution provider Tesco to support the adoption of contactless biometric payment cards in the Middle East. In India, Fingerprint Cards partnered with Mswipe and Transcorp targeting 940 million active cardholders in the country.
IBSi Daily News Analysis
February 23, 2024
Regulated firms battle surge in financial crime attempts, research revealsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage