OSLO, Norway, Jan. 23, 2019 /PRNewswire/ -- NEXT Biometrics
(Oslo Bors: NEXT), a global leader in fingerprint sensor
technology, today announced that it will start sampling its dual
interface smart card solution (One Touch Flex CL) early in the
second quarter of 2019. The solution enables NEXT's unique
technology to be used with contact and contactless smart cards,
including payment cards.
NEXT One Touch Flex combines the high security and accuracy
levels of the Company`s flexible, large area fingerprint sensors
with the ease and convenience of dual interface smart cards. The
biometric card module is capable of performing one touch
fingerprint enrollment and verification operations on a dual
interface smart card by solely harvesting power from a standard
ISO/IEC 14443* NFC reader.
"This is a key milestone in our Company strategy and we are
excited to be part of the development of these next generation dual
interface smart cards," said Ritu
Favre, CEO of NEXT Biometrics. "We are convinced that card
issuers and their customers will greatly benefit from the smooth
and reliable fingerprint enrollment and verification that our
technology offers."
Independent research in several countries shows that consumers
are willing to abandon PIN codes and passwords in favor of more
convenient yet safer fingerprint authentication for smart card
transactions. Adoption of biometric smart card technology is
projected to gain a foothold in the market from 2020 onwards.
Market size for biometric smart cards is expected to reach up to
USD 800 million in 2022 with payment
cards accounting for some 60 percent, Government ID for some 25 to
30 percent and transportation and access control applications for
some 5 to 10 percent of total market volume.
Based on NEXT`s unique fingerprint sensor technology, enhanced
user experience and excellent cost-sensor size-ratio, the Company
is ideally positioned to gain a significant position in this
sector. The NEXT One Touch Flex biometric dual interface smart card
subsystem has been specifically designed to meet the card
industry`s requirements for ISO compliance, interoperability, and
durability. It integrates with state-of-the-art smart card chip and
operating system technologies and is suited for standard card
manufacturing technologies.
*ISO/IEC 14443 is an international standard that defines
contactless smart card interface and transmission protocols
NEXT Media contact:
Tanja Moehler,
tanja.moehler@nextbiometrics.com
NEXT Investor contact:
Knut Stalen,
knut.stalen@nextbiometrics.com
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