IDEX Biometrics has successfully secured Visa certification for its IDEX Pay product, thereby underscoring the company’s unwavering commitment to advancing secure payment solutions.

Alignment with Visa’s Latest Standards

This certification aligns with Visa’s VBSS standards and highlights IDEX Pay’s integration of proprietary card systems with advanced fingerprint technology. Infineon’s SLC38 secure element enhances the security and functionality of these biometric solutions.

Widespread Deployment Across Visa’s Global Network

By securing Visa certification, IDEX Biometrics demonstrates that IDEX Pay meets Visa’s stringent functional and security requirements. This certification, following rigorous testing, validates IDEX Pay’s robustness and positions it for deployment across Visa’s global network. Visa’s network, with over 3 billion cards, dominates growing regions like APAC, Latin America, and Africa, where secure payment solutions are in high demand.

Dual Certification with Mastercard Enhances Market Reach

In addition to Visa certification, IDEX Pay also earned certification from Mastercard, thereby further solidifying its credibility and expanding its reach in the global payment industry. Consequently, dual certifications from Visa and Mastercard significantly enhance IDEX Pay’s market reach, providing a strong competitive advantage. Notably, several card manufacturers have already obtained, or are in the process of finalizing, their Mastercard Letter of Approval, signaling strong industry support for IDEX Pay.

Global Adoption and Future Prospects

Visa and Mastercard handle 64% of global payment transactions, positioning IDEX Pay for widespread adoption and a key role in the future of biometric payments.

Industry Leadership and Future Growth

Catharina Eklof, CEO of IDEX Biometrics, highlighted the industry’s leadership by deploying a Visa-certified biometric solution. She emphasized that certifications from Visa and Mastercard reaffirm the company’s commitment to top security and functionality standards.

Conclusion

IDEX Biometrics offers card manufacturers and banks a solution that exceeds today’s dynamic payment demands. With Visa and Mastercard certifications, IDEX Biometrics positions itself as a leader in secure, user-friendly biometric payments. The company’s focus on innovation and security ensures its solutions meet the evolving needs of the global market.

As a result, this certification positions IDEX Pay for broader adoption and continued growth in the biometric payment sector. Consequently, it enhances the solution’s potential in the market.