Hengbao Dual-Use Smart Card Secured by IDEX Biometrics Approved for Certification by China UnionPay
November 08 2021 - 2:00AM
Oslo, Norway – 08 November 2021 - IDEX Biometrics
ASA announced today that the latest biometric smart card
from their solution partner Hengbao Corporation Ltd has been
approved for certification by China UnionPay (CUP). The new card
which incorporates IDEX Biometrics’ sensor and biometric software
solution passed all required testing by China’s Bank Card Test
Center (BCTC), confirming compliance with China UnionPay
requirements and international interoperability standards. BCTC is
the independent agency responsible for compliance testing on behalf
of China UnionPay. The certification enables Hengbao to proceed
with its manufacturing and distribution plans with major card
issuers in China. This innovative card will enable multi-use
applications, securing global payments and new functionalities such
as access control and personal identification – all in one
card.
China UnionPay is the largest payment network in the world, with
9.4 billion cards in circulation. IDEX Biometrics’ card solutions
have been certified by the top three global payment networks, VISA,
MasterCard, and China UnionPay. Combined, these three networks
process 90% of all global card payments, according to
RBR. Commenting on the significance of
this announcement, Vince Graziani, Chief Executive Officer of IDEX
Biometrics, stated, “We take great pride in the confidence Hengbao
and its banking partners have shown in IDEX Biometrics by selecting
our fingerprint authentication solution for this innovative new
product. Through tight integration of our proprietary matching
algorithm with the THD89 secure element from Tongxin
Microelectronics Co., Ltd., this new card provides industry-leading
authentication performance, addressing needs for security, speed,
and hygiene. The enhanced multi-use card will be an important step
in the broader adoption of biometrically-enabled smart cards in
China.
For further information contact:Marianne Bøe,
Investor Relations E-mail: marianne.boe@idexbiometrics.com Tel:
+47 9180 0186
Brett L Perry, U.S. Investor RelationsE-mail:
bperry@sheltongroup.comTel: + 1 214 272 0070
About IDEX BiometricsIDEX Biometrics ASA (OSE:
IDEX and Nasdaq: IDBA) 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 STATEMENTIDEX, 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.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act.
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