IDEX BIOMETRICS ASA
China UnionPay Awards Second LOA to Biometric Payment Card Featuring IDEX Biometrics’ Fingerprint Sensor & Biometric Technology
Oslo, Norway – 12 February 2021 - IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, today announces that China UnionPay (CUP) has issued a second letter of approval (LOA) for a biometric payment card that contains IDEX’s fingerprint sensor and biometric solutions. The card is manufactured by Goldpac Group Ltd. (Goldpac).
The LOA is the formal acknowledgement by CUP that a product or service demonstrates compliance to all relevant requirements. This enables world-wide interoperability with ATMs and point of sale terminals as well as durability, reliability and security assurance. With this formal LOA, Goldpac and local banks can move forward with biometric card issuance.
This is the second biometric card certification, using IDEX’S fingerprint sensor and biometric solutions, issued by CUP, which will provide even more choice for card-based payment solutions.
"CUP is the largest payment network in the world, supporting more than half of all cards issued on the global brand networks. This second LOA is a yet another critical step to driving mass adoption," said Vince Graziani, CEO, IDEX Biometrics.
For further information contact:
Marianne Bøe, Investor Relations
Tel: + 47 918 00186
Derek D’Antilio, Chief Financial Officer
Tel: +1 978 273 1344
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX and OTCQB: IDXAF) is a leading provider of fingerprint identification technologies offering simple, secure and personal touch-free authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings. We invent, engineer, and commercialize these secure and safe yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.
For more information, visit www.idexbiometrics.com and follow @IDEXBiometrics.
The wordmark ‘IDEX’ and the IDEX logo are registered trademarks of IDEX 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
Subscribe to releases from Globenewswire
Subscribe to all the latest releases from Globenewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Globenewswire
Nyxoah25.2.2021 18:02:01 CET | Press release
Information on the total number of voting rights and shares
Top Aces25.2.2021 18:01:40 CET | Press release
Top Aces Corp. Demonstrates Advanced Adversary Training Capabilities to USAFE
ASM International NV25.2.2021 18:01:30 CET | Press release
ASM INTERNATIONAL N.V. REPORTS FOURTH QUARTER 2020 RESULTS
Atlantica Sustainable Infrastructure plc25.2.2021 17:43:59 CET | Press release
Atlantica to Present Fiscal Year 2020 Financial Results on March 1
Rovsing A/S25.2.2021 17:42:19 CET | Press release
Resultat af aktieemission
Cargotec Corporation25.2.2021 17:31:28 CET | Press release
CARGOTEC CORPORATION: SHARE REPURCHASE 25.2.2021
Kvika banki hf.25.2.2021 17:26:18 CET | Press release
Kvika banki hf.: Announcement regarding the exercising of subscription rights (warrants) and an increase in share capital
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom