September 26, 2020

IDEX Biometrics Announces First Volume Order for Smart Card Sensor

“The TrustedBio fingerprint sensors will be used in a forthcoming biometric payment card, which IDEX’s partner is aiming to deliver to financial institutions by the end of this year.”

IDEX Biometrics Announces First Volume Order for Smart Card Sensor

IDEX Biometrics has received its first volume order for its TrustedBio fingerprint sensors from a global card manufacturer.

The company has not disclosed the name of its customer, but indicated in a statement that it’s a ‘tier 1’ card maker. It also said that it was already involved with this company, calling the commercial order “the next step” in a partnership that has already seen successful pilot programs.

The TrustedBio fingerprint sensors will be used in a forthcoming biometric payment card, which IDEX’s partner is aiming to deliver to financial institutions by the end of this year.

The announcement comes after IDEX sent out its first shipment of TrustedBio fingerprint sensors in August, explaining at the time that those sensors would be used in customer pilots in the fourth quarter of this year. Now, its first volume order could point toward accelerating activity in the emerging biometric payment cards market.

“This marks the beginning of TrustedBio commercialization,” asserted IDEX Biometrics CEO Vince Graziani. “We expect these biometric payment cards to be deployed, in large volumes, by multiple card issuers.”

Graziani also highlighted the “very compelling cost and performance benefits” of the TrustedBio sensors, both for card makers and issuers. With IDEX having just launched TrustedBio this year – right ahead of the global pandemic – the new volume order illustrates how quickly the nascent biometric smart card market is starting to take shape.

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