STMicroelectronics and Fingerprint Cards Cooperate to Develop and Launch an Advanced Biometric Payment Card Solution
July 09 2020 - 9:00AM
STMicroelectronics and Fingerprint Cards
Cooperate to Develop and Launch an Advanced Biometric Payment Card
Solution
- Co-development of Biometric System-on-Card (BSoC) platform to
offer an efficient and competitive solution to card manufacturers
for the banking market
- Advanced features to enhance consumer convenience and
security
- Combines latest generation of STPay secure-payment technology
with Fingerprints’ biometric solution expertise
Geneva, Switzerland and Göteborg,
Sweden, July 9, 2020 – STMicroelectronics
(NYSE: STM), a global semiconductor leader serving customers across
the spectrum of electronics applications, has teamed with
world-leading biometric company Fingerprint Cards AB (Fingerprints)
to develop an advanced Biometric System-on-Card (BSoC) solution
based on fingerprint-recognition technology, addressing the market
demand to enhance contactless payment-card security and
convenience.
The BSoC integration combines ST’s latest-generation
secure-payment technology based on the ST31/STPay chipset and STM32
general-purpose microcontrollers with Fingerprints’ next-generation
T-shape sensor module to provide a turnkey battery-less secure
solution for the banking market.
“Cost-effective and user-friendly biometric authentication will
significantly increase the security level and user convenience of
banking transactions. It may let banks raise or remove the maximum
allowable transaction value for contactless payments,” said Laurent
Degauque, Marketing Director, Secure Microcontrollers,
STMicroelectronics. “Fingerprint Cards brings valuable and
market-proven expertise in solutions for battery-less and
space-constrained devices. Their products combining powerful
processing and low energy consumption are ideal companions to our
STPay solutions for payment cards.”
The contactless payment card will be the first target under the
agreement, with the intention to extend to other markets such as
identification, health, access, and transportation cards.
Michel Roig, SVP for Payments and Access BL at Fingerprint
Cards, added, “This is a powerful collaboration to create
innovative and optimized solutions that not only make it easier for
card makers to integrate biometrics in their portfolio, but also
bring the total cost down. In the end, strengthening the security
for contactless payments will offer consumers a worry-less payment
experience.”
Running on ST’s flexible Java Card™ / Global Platform® Operating
Systems (OS), ST’s STPay secure-payment products ensure support for
multiple international and regional payment schemes, with proven
security features built-in. STPay solutions benefit from EMVCo and
CC EAL 6+ hardware certifications, software certifications up to OS
and application level, and ST’s secure pre-personalization services
that create an inherently trusted supply chain.
Please visit https://www.st.com/banking-biometry for further
information on ST’s electronic ID and payment products.
Please visit
https://www.fingerprints.com/solutions/payments/device-manufacturers/
for more details on Fingerprints’ solutions for payment-device
manufacturers.
About FingerprintsFingerprint 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).
About STMicroelectronicsAt ST, we are 46,000
creators and makers of semiconductor technologies mastering the
semiconductor supply chain with state-of-the-art manufacturing
facilities. An independent device manufacturer, we work with our
100,000 customers and thousands of partners to design and build
products, solutions, and ecosystems that address their challenges
and opportunities, and the need to support a more sustainable
world. Our technologies enable smarter mobility, more efficient
power and energy management, and the wide-scale deployment of the
Internet of Things and 5G technology. Further information can be
found at www.st.com.
For Press Information Contact:
Michael Markowitz Director Technical Media Relations
STMicroelectronics Tel: +1 7 81 591 0354 Email:
michael.markowitz@st.com Michel Roig Senior VP BL Payments and
AccessFingerprint Cards ABInvestor Relations: +46(0)10-172 00 10,
investrel@fingerprints.comPress: +46(0)10-172 00 20,
press@fingerprints.com
- T4267S -- Jul 9 2020 -- ST Fingerprint Cards biometric
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- T4267S -- Jul 9 2020 -- ST Fingerprint Cards biometric
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