📋 Tender Overview
IDEX Biometrics ASA announced that VISA has fully certified IDEX Biometrics TrustedBio fingerprint authentication solution as part of IDEMIAs F.CODE biometric payment card platform.This certification provides card issuers access to a world-class biometric card platform. According to Nilson Reports VISA currently has approximately 3.6 billion cards in circulation and is expected to grow that number 18 by 2026. The Letter of Approval LOA issued by VISA gives assurance to the payment ecosystem that the F.CODE card payment platform inclusive of the TrustedBio solution is fully compliant with EMV interoperability standards and VISAs highest security and performance standards. The LOA also assures issuers merchants and millions of consumers that the card will operate seamlessly across VISAs global network addressing the long-awaited demand for increased security through biometric authentication.IDEX Biometrics Chief Executive Officer Vince Graziani commented Completion of the VISA certification is an important achievement as it allows for rapid deployment of biometric cards for all the worldwide banks challenger banks fintechs and other card issuers. Fingerprint biometrics is one of the major technology developments for smart cards in recent years and enabled by our proprietary solution approach will play a critical role in the future of payments delivering a better more secure payment experience.
