Oslo, Norway, 25 October 2017 - IDEX, a leading provider of fingerprint solutions for mass markets, has registered with EMVCo, an initial step toward seeking product approval. For the avoidance of doubt, this does not mean that any of IDEX's products has been certified or approved by EMVCo.
EMVCo is an organization that facilitates worldwide interoperability and acceptance of secure payment transactions. This is accomplished by managing and evolving the EMV® Specifications and related testing processes. This includes among other things card and terminal evaluation, security evaluation, and management of interoperability issues. Today there are EMV® Specifications based on contact chip, contactless chip, EMV® 2nd Generation, Common Payment Application (CPA), card personalisation, Payment Tokenisation, and 3-D Secure. EMVCo's work is overseen by EMVCo's six member organisations, American Express, Discover, JCB, Mastercard, UnionPay, and Visa, and supported by dozens of banks, merchants, processors, vendors and other industry stakeholders who participate as EMVCo Associates.
This initial step toward seeking product approval supports IDEX's strategy to further strengthen its leadership position in the biometric cards market. IDEX will help driving acceptance of biometric authentication within Smartcards as a major, reliable and seamless innovation.
For more information on EMVCo, please visit www.emvco.com
Contact:
Charlotte Knudsen, Director of IR and Communications, +47 9756 1959, ck@idex.no
Twitter: http://www.twitter.com/idexasa
About IDEX
IDEX is a leading developer of advanced fingerprint sensor technology and products. The company's technology is used in a range of biometrically enabled applications within three core markets: smart cards, mobile, and Internet of Things (IoT). IDEX's addressable market represents a fast-growing multi-billion unit opportunity.
IDEX's technology includes both the conventional silicon sensor and a unique off-chip technology, which means that the company can offer its partners solutions which are flexible and cost efficient.
IDEX ASA (ticker IDEX) is a Norwegian company, founded in 1996 and listed on the Oslo stock exchange in 2010.