IDEX Biometrics supports Rocker as it launches a Swedish biometric payment card

By Joy Dumasia

IDEX Biometrics has partnered with IDEMIA to support Rocker, the Swedish challenger bank, to launch biometric payment cards to the market. With the IDEX Biometrics fingerprint sensor, Rocker becomes the first in Sweden and one of the first in the world to deploy biometric cards to consumers.

Andreas Norberg, VP Save & Spend at Rocker, said: “As a challenger bank, we are constantly testing new technology to develop smarter financial services that are easier to use and that help our customers improve their everyday financial lives. Launching Rocker Touch is part of our strategy to offer smart and secure payment solutions across platforms, whether you wish to pay with your mobile, a card or with a transfer.”

Tens of thousands of consumers around the globe have beta tested biometric cards with customer satisfaction of up to 95 per cent. In a global market survey* 76 per cent of consumers are interested in using contactless for high-value payments, and 81 per cent are ready to use their fingerprints to authenticate instead of PIN code.

“Rocker leads the field among Swedish FinTechs in terms of innovation, and with Rocker Touch, we are revolutionizing and simplifying the way our customers authorize their payments. This premium product will be offered as a new service in our comprehensive and growing offering of retail financial services that are easier to use, more flexible and better priced”, said Andreas Norberg.

Catharina Eklöf, Chief Commercial Officer at IDEX Biometrics, said: “This groundbreaking solution meets customer needs by bringing additional convenience and peace of mind. The biometric payment card is certified by Visa and Mastercard, and Rocker Touch will work seamlessly with any payment terminal. We are pleased to work with Rocker and IDEMIA to contribute to smarter and more secure card payments and as trailblazers for this innovative technology.”

Aaron Davis, SVP Europe Region, Financial Institutions, said: “At IDEMIA, we’re proud to partner with Rocker to bring ever-more innovative solutions to shape the future of payments. These partnerships embody our commitment to providing secured and trusted technologies to our customers. These cards allow authorizing payments via a fingerprint sensor embedded into the card. Biometric data is securely stored in the chip and never leaves the card. In addition to making our means of payment more secure, customers would also be able to pay contactless whatever the amount of the transaction.”