Biometrics firm Fingerprints has teamed up with financial and banking solution provider Technical Equipment & Supplies Company (Tesco) to promote and support the adoption of contactless biometric payment cards in the Middle East.
Earlier this year, Fingerprints’ second-generation T-Shape sensor module and software platform for biometric payment cards achieved compliance with Mastercard’s updated security requirements for fingerprint sensors.
The biometric payment card, initially launched by Thales, will be commercialised and personalised by Tesco for the regional customers.
Michel Roig, president payment & access at the Swedish-founded firm Fingerprints, said: “Tesco is a key player supporting digital financial transformation in Jordan and the Middle East.
“This partnership opens up new business opportunities for Fingerprints with Tesco’s loyal client base and enables us to support its mission to strengthen payment efficiency and security in the Middle East, improve the payment experience for consumers, and open up new revenue channels for banks.”
According to George Abdel-Massih, director of IT & Banking Solution at Tesco, there’s an increasing demand from Middle Eastern consumers for innovative, safe and seamless ways to pay which has led to rapid digitisation.
He said: “By working with Thales and Fingerprints, we can tap into its leading biometric technology, expertise and solutions to enable new, exciting ways for our banking and financial customers to meet this demand.”
Fingerprints says it has experienced growing demand for its biometric authentication solutions, with more than 1.5 billion sensors shipped worldwide since 2014.
The T-Shape sensor module for payments is now being used in eight commercial launches of biometric payment cards across the world.
Image and article originally from thefintechtimes.com. Read the original article here.