Fingerprint Cards AB (Fingerprints™) and IN Groupe through SPS brand, leader in contactless and dual interface cards, announce the launch of its secure Component solution for contactless biometric payment cards, supporting global card manufacturers to scale up production of next-generation payment cards.
In line with consumer preferences for contactless, the global biometric payment card market is anticipated to rise at a considerable rate over the coming years. To support mass global adoption, Fingerprints and IN Groupe partnered in November 2023 with the aim to simplify the manufacturing process, allowing for increased production by improving reliability and reducing costs. Through SPS brand of IN Groupe, the next-generation cards are now ready for mass global rollout.
The CEO of Fingerprints, Adam Philpott, comments: „Our continuing collaboration with IN Groupe and its SPS brand is supporting the global adoption of secure, convenient and high-quality biometric payment cards. The launch of these cards into the market reinforces Fingerprints’ position as the world leader in biometrics and commitment to providing innovative solutions that improve our daily lives.”
SPS’s cards incorporate Fingerprints’ second-generation T-Shape® (T2) sensor module and software platform, which offers ultra-low power consumption and leading biometric performance and is based on STMicroelectronics STPay-Topaz-Bio solution. In 2023, Fingerprints reached the one million sensors shipped milestone specifically for biometric payment cards, highlighting the robust and proven nature of the technology.
Jean-Baptiste Leos, Product Director for SPS Banking Products at IN Groupe adds: „As a company with innovation at its core, we are very pleased to have expanded our product offering with Fingerprints’ next-generation biometric technology. This helps us in our mission to continue innovating and offer secure and cost-effective biometric solutions to our customers. As a part of our offer, Technical support around Card construction, milling and embedding and certification are key assets for the product deployment and will be our key priority in the coming quarters.„
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
