Breaking News
IDEX Pay Biometric Card Solution Certified by Visa
IDEX Biometrics has reached an important milestone for IDEX Pay by successfully passing Visa’s certification using Visa’s latest VBSS(*) biometric payment application. The IDEX Pay biometric solution includes the IDEX Biometrics proprietary card operating system and latest technology fingerprint sensor with Infineon’s high performing SLC38 secure element.
The Visa certification is the ultimate result of comprehensive biometric performance testing and ensures that payment’s scheme functional and security specifications are met. This certification confirms that IDEX Pay is ready for scaled commercialization on the Visa payment network. With more than 3 billion Visa cards in circulation and with a leading market position in key growth market in APAC, Latin America and Africa, this certification enables card manufacturers globally.
IDEX Pay is already certified with Mastercard, and several card manufacturers have already received or are in finalizing stages of their Mastercard Letter of Approval process. Visa and Mastercard represent 64% of the 687 billion annual payment transactions(**), ensuring a global coverage for IDEX Pay.
“IDEX Biometrics is spearheading the industry, being among the first to deploy a certified biometric solution based on the Visa payment applet. We are hereby affirming our biometric solution’s compliance with highest security and functionality standards to card manufacturers and banks worldwide,” says Catharina Eklof, Chief Executive Officer at IDEX Biometrics.
(*) Visa Biometric Sensor-on-Card Specification
(**) Nilson Report, 2024
People In This Post
- EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’ Read more
- APIs Driving Embedded Finance Innovation Read more
- FinScan’s AML Software Solutions Integrate with LSEG World-Check On Demand Read more
- Sixfold Launches Referral Agent: Turning AI Insights Into Instant Underwriting Action Read more
- MoneyGram and Plaid Expand Open Banking Partnership to Europe Read more
JCB Launches Strategic Guide for European Merchants Looking to Tap into Asian Travellers’ Spending Power
JCB today announced the launch of a new strategic guide, “Asian Traveller Personas - Inspiring European Merchants to Unlock Greater Spend.” This comprehensive guide provides European merchants with key insights into the diverse motivations and spending habits of consumers coming from Asia, enabling them to craft bespoke experiences and unlock new revenue opportunities.
On-Chain KYC(R) 2.0 Transforms Digital Identity with Privacy-Preserving Blockchain Attestations
Blockpass, the identity verification and compliance service for blockchain and beyond, is excited to announce the launch of its new and improved On-Chain KYC® 2.0. With the adoption of crypto growing rapidly, Blockpass has created a flexible, powerful solution for blockchain identity verification and attestation which doesn’t compromise on privacy or security.
Triple-A Adopts iPiD’s Payee Verification to Bring Trust to Stablecoin and Fiat Payments Globally
iPiD, the leading provider in Know Your Payee (KYP) solutions worldwide, today announced it will power payee verification for Triple-A, a Singapore-headquartered and Monetary of Authority of Singapore (MAS)-licensed digital currency payment institution.
$1,700 Lost per Australian to Fraud in 2025 Amid AI Advances and Peak Season Risks, According to Adyen
Adyen, the global financial technology platform, revealed that fraud losses in Australia are on the rise, set to intensify as the peak shopping season approaches.
European Central Bank Concludes a Framework Agreement with Feedzai to Detect and Prevent Fraud for Forthcoming Digital Euro
The European Central Bank (ECB) has concluded a framework agreement in ranking with Feedzai, the world’s leading RiskOps platform for financial crime prevention, as the first-ranked tenderer, to provide the central fraud detection and prevention mechanism for the digital euro (link to contract award notice and announcement on ECB’s website).
Diebold Nixdorf’s Brian Gallipeau Recognized as Future of Field Service Stand Out 50 Leader for 2025
Diebold Nixdorf (NYSE: DBD), a global leader in transforming the way people bank and shop, today announced that Brian Gallipeau, senior vice president, Service Americas, has been named to the Future of Field Service Stand Out 50 Leaders list for 2025. The award recognizes leaders from around the globe who drive innovation, operational excellence and meaningful impact in field service organizations.
Public Launches Fully Customizable Direct Indexing
Public, the platform for long-term investing, announces that members can now build their own direct index from a wide range of foundational indices. Direct indexing is a strategy where, instead of investing in a derivative of the index, such as an ETF, investors own each stock in the index directly, enabling automated tax strategies and personalization of the index. Members can access over 100 different indices from Solactive and S&P® to directly own and customize their holdings to their liking, as well as optimize for tax savings through tax-loss harvesting.
EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
APIs Driving Embedded Finance Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FinScan’s AML Software Solutions Integrate with LSEG World-Check On Demand
FinScan®, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, today announced integration with and support for LSEG World-Check On Demand. FinScan is one of the first LSEG partners to announce support of the solution.
Sixfold Launches Referral Agent: Turning AI Insights Into Instant Underwriting Action
Sixfold, the underwriting AI company, today announces that it has expanded its P&C platform with Referral Agent – a major step toward AI that doesn’t just deliver insights but acts on them. Referral Agent flags cases for referral and builds a ready-to-send package in one click, setting the stage for more action-oriented capabilities across underwriting.
MoneyGram and Plaid Expand Open Banking Partnership to Europe
MoneyGram, a leading global payments network for consumers, businesses and communities, and Plaid, the data network powering the fintech tools millions of people rely on to lead a healthier financial life, today announced the expansion of their pay-by-bank partnership to Europe.
Nium and Emirates NBD Expand Real-Time Cross-Border Payments Across the Middle East
Nium, the leading global infrastructure for real-time cross-border payments, and Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, announced significant progress in their strategic partnership first unveiled in 2024.
Mesh Announces Mesh AI Wallet At TOKEN2049
Mesh, the leading crypto payments network, today unveiled the future of agentic commerce during a live demo at TOKEN2049, demonstrating an AI agent completing a crypto transaction. The demonstration highlighted how an AI agent can seamlessly complete a real world ecommerce purchase using stablecoins, in this case finishing a purchase of dog food from a retailer.