Fingerprints supports Valid in launching biometric payment card in Brazil
27 Juin 2024 - 8:00AM
Fingerprints supports Valid in launching biometric payment card in
Brazil
Fingerprint Cards AB (Fingerprints) and Valid, the global
payment technology provider and integrator of secure solutions for
identification, mobile and payment ecosystems, have partnered in
developing a biometric payment card for the Brazilian market. The
card, which features Fingerprints’ proven biometric technology,
will offer new levels of contactless security, convenience and
hygiene.
The cards, manufactured by Valid, will feature Fingerprints'
second-generation T-Shape® (T2) sensor module and software
platform. The biometric payment card will be unveiled at Sao
Paulo’s Febraban Tech event in June 2024.
Despite consistent and significant contactless payment growth in
Brazil since the pandemic, there are still consumer concerns around
security. The region’s preference for contactless, combined with
its familiarity with biometric technology, demonstrates the
ecosystem’s readiness for the next generation of payment cards.
According to Brazil’s National Monetary Council Resolution
3694/09, financial institutions must ‘ensure the integrity,
reliability, security and confidentiality of transactions, services
and products’. By leveraging a unique physical characteristic to
authenticate payments, new levels of security are achieved with
biometric payment cards. This can help banks align with regulation
and reduce in-store payment fraud, and the associated costs of
both. Banks that lead the way in payment innovation are also
afforded an attractive brand image.
Adam Philpott, Fingerprints’ CEO, comments: “Brazil and the
wider Latin America region is increasingly being recognized as a
hub for payment innovation. I’m very pleased that Fingerprints can
support Valid in adding this biometric payment card to its product
portfolio. The card’s high level of security will help reduce fraud
while enhancing the user experience, thereby aiding banks in
customer acquisition. We anticipate that several banks in the
region will soon adopt biometric payment technology.”
Visit Fingerprints’ payment solutions and Valid’s card solutions
to learn more about the technology that is unlocking the next
generation of contactless.
For further information, please
contact:Adam Philpott, President &
CEO
Investor Relations: +46(0)10-172 00 10,
investrel@fingerprints.comPress: +46(0)10-172 00
20, press@fingerprints.com
About Valid Valid (B³: VLID3 - ON) makes your
digital life more secure with solutions that ensure security-based
technologies for document identification, mobile security, SIM
cards, digital certifications, banking applications, transportation
services and anywhere else client data is located. With 6,000
employees in 16 countries, we take into account the particularities
of each culture and region to create customized and integrated
solutions, making Valid a relevant global player when it comes to
online lifestyle. Our ability to safely identify objects,
transactions and people makes the Company the largest issuer of
identification documents in Brazil, the fifth largest producer of
SIM Cards in the world and one of the top 10 global manufacturers
of banking cards. When you are online, Valid protects you. For more
information, go to www.valid.com
About Fingerprints Fingerprint Cards AB
(Fingerprints) – the world’s leading biometrics company, with its
roots in Sweden. We believe in a secure and seamless universe,
where you are the key to everything. Our solutions are found in
hundreds of millions of devices and applications, and are used
billions of times every day, providing safe and convenient
identification and authentication with a human touch. For more
information visit our website, read our blog, and follow us on
Twitter. Fingerprints is listed on Nasdaq Stockholm (FING B).
- 240627 - Fingerprints and Valid
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