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IDEX Biometrics enables rapid Mastercard certification with major card manufacturer

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Oslo, Norway – 16 October 2023–A leading card manufacturer has received a Letter of Approval (LoA) from Mastercard for biometric smart cards based on the recent IDEX Pay certified biometric solution.

This LoA was received only a few weeks after IDEX Biometrics certification, allowing the card manufacturer to rapidly move to industrialized production of biometric payment cards. In anticipation of the certification, the card manufacturer has placed a production order, as previously announced by IDEX Biometrics.

“Receiving their LoA so shortly after the IDEX Biometrics certification, demonstrates the efficacy and impact of the IDEX Biometrics fast-track industrial production of biometric payment cards, paired with Mastercard’s efficient certification process” said Catharina Eklof, Chief Commercial Officer of IDEX Biometrics. Card manufacturers can now support banks, governments and enterprises in bringing biometric smart cards for payments and digital authentication to consumers globally.”  

For further information contact

Marianne Bøe, Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 918 00186

About IDEX Biometrics

IDEX Biometrics ASA (OSE: IDEX) is a leading provider of fingerprint identification technologies offering simple, secure, and personal authentication for all.  We help people make payments, prove their identity, gain access to information or unlock devices with the touch of a finger. We invent, engineer, and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.

For more information, visit www.idexbiometrics.com

TRADEMARK STATEMENT

IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders.

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