📋 Tender Overview
IDEX Biometrics ASA announced that Mastercard has fully certified IDEMIA Groups F.CODETM biometric smart card platform secured by IDEX Biometrics TrustedBio fingerprint authentication solution. This is an important achievement for IDEX Biometrics as IDEMIA is now able to begin high-volume deployment of its best-in-class F.CODE payment card to meet the increasing market demand for fingerprint authenticated payment cards.The Letter of Approval LOA issued by Mastercard gives assurance to the payment ecosystem that the biometrically-authenticated F.CODE payment card will seamlessly be accepted across Mastercards global network increasing security for millions of consumers merchants and issuers. According to the Nilson Report Mastercard has approximately 2.5 billion cards in current circulation a figure that is expected to grow by 29 over the next five years.Vince Graziani Chief Executive Officer of IDEX Biometrics commented Completion of the Mastercard certification process by our partner IDEMIA is another significant achievement for IDEX Biometrics. We now have certified biometric solutions with the top three global payment networks allowing for deployment of biometric cards together with our integration and issuer partners at a rapid pace to over 15 billion consumers. We are happy that our TrustedBio solution is contributing to the ground-breaking performance and cost profile of our partners biometric payment card platform.
