IDEX Biometrics and UK fintech to launch biometric cards for payment accessibility
01 Mars 2024 - 9:30AM
UK Regulatory
IDEX Biometrics and UK fintech to launch biometric cards for
payment accessibility
Oslo, Norway – 01 March 2024 – IDEX Biometrics and Accomplish
Financial, an international payment solution provider, are bringing
to market a biometric payment program to help the visually- and
memory impaired. The program will first launch in the UK, where a
global fintech will bring to market an accessible payment solution
for the visually impaired and other customer groups with special
needs.
The biometric payment program will accelerate IDEX Pay biometric
card launches. This program is a direct response to the European
Accessibility Act 2025, the call to action for businesses to be
more inclusive, with an imperative to introduce accessible payment
solutions. In the UK alone, there are 2 million visually impaired
and a growing group of 11 million elderly (65+), as well as more
than 1 million suffering from dementia today.
Catharina Eklof, Chief Commercial Officer of IDEX Biometrics
says “IDEX Biometrics is committed to bringing trusted biometric
authentication solutions to everyone. Our collaboration with
Accomplish brings to market a solution that makes it easier and
more secure to pay for the visually- and memory impaired, removing
the obstacles of remembering PINs and avoiding the issue of “tap
code to glass terminals”. Digital inclusion is critical for
economic growth and a key priority for all: EU governments,
interest organisations and corporations”.
’We are delighted to leverage the advanced technology from IDEX
Biometrics for payment cards to help solve real issues faced by a
significant portion of the population. Ensuring everyone is
included should be a core responsibility of all financial service
providers and, in the ever-evolving digital economy, it is
sometimes overlooked that certain groups are underserved. Our
intention is to continue making it easier yet safer to use a
payment card and wish to increase confidence for all users. This
project is especially satisfying as it simultaneously encompasses
two of our core values: making the world a better place by doing
good and offering the payment industry the most innovative products
possible’, says Guy Raymond El Khoury, Founder of Accomplish
Financial.
For further information please 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 global technology leader in
fingerprint biometrics, offering authentication solutions across
payments, access control, and digital identity. Our solutions bring
convenience, security, peace of mind and seamless user experiences
to the world. Built on patented and proprietary sensor
technologies, integrated circuit designs, and software, our
biometric solutions target card-based applications for payments and
digital authentication. As an industry-enabler we partner with
leading card manufacturers and technology companies to bring our
solutions to market.
For more information, visit www.idexbiometrics.com
About Accomplish Financial
Accomplish Financial Limited is part of the Accomplish group of
companies (“Accomplish”), which includes AF Payments Limited, a UK
FCA Regulated Electronic Money Institution. Accomplish is an
end-to-end service provider in the electronic payments industry and
it builds and operates its own proprietary payments technology
infrastructure in order to help its clients simplify the issuing of
payment products. Accomplish offers issuing solutions for
traditional payment cards through to digitised payment instruments,
with an emphasis on the highest levels of security. By ensuring
that all regulatory, compliance, security and technological needs
are catered for in one ecosystem, Accomplish delivers bespoke
payment solutions to a diverse range of clients.
For more information, visit www.accomplish.com or contact Simon
Bradley, simon.bradley@accomplish.com
TRADEMARK STATEMENT
IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by
IDEX Biometrics ASA. Accomplish is a registered trademark of
Accomplish Financial Limited. All other brands or product names are
the property of their respective holders.
About this notice:
This notice was published by Marianne Bøe, Head of Investor
Relations, on 01 March 2024 at 09:30 CET on behalf of IDEX
Biometrics ASA.
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