Forsinkede kurser. Sist oppdatert: onsdag 21. november  

08/11-2018 13:00:18: (NEXT) Infineon and NEXT Biometrics Introduce Biometric Smart Card Reference Design

Includes all Elements to Simplify and Expedite Biometric Smart Card Technology
MUNICH, Germany and OSLO, Norway - November 8, 2018 - Infineon Technologies AG
(FSE: IFX / OTCQX: IFNNY), the global leader in smart card payment solutions and
NEXT Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor
technology, have joined together to create a reference design for biometric
payment cards. The reference platform incorporates all necessary elements to
develop and manufacture a smart card with a fingerprint sensor and helps card
makers simplify their production processes and to shorten time-to-market for
their offerings.

                  The use of biometrics for second factor authentication is the
next big thing in payment card innovation following signatures, embossing,
magnetic stripe and secure chip technologies. Instead of entering a PIN or
showing an ID, the card holder authenticates by using a fingerprint sensor
embedded on the card. The fingerprint information is stored on the card's secure
element and not shared with any third party, thereby protecting the user's
privacy. Fingerprint authentication is faster and easier than standard PIN-based
EMV* transactions. It will also further reduce fraud, especially when
multifunctional cards are deployed for personal social security payments. The
false rejection rate is a convenience feature that measures how often the
fingerprint of the authorized user is reliably recognized and not incorrectly
rejected.

                  The biometric card reference design includes a biometric
module, a secure element, an operating system with biometric and payment
applets, as well as a recommended and proven pre-lamination and lamination
method for manufacturing the card. This complete system solution enables secure
biometric smart card payments with significantly reduced false rejection rates
to below one percent.

                  "Infineon is committed to enable a secure and convenient
payment experience enhanced by fingerprint authentication," said Bjoern
Scharfen, Head of the product line Payment & Wearables at Infineon. "As a
turnkey solution, the reference platform that Infineon jointly developed with
NEXT will drive biometric innovations in the smart card industry and help make
digital transactions easier and safer."

                  "By listening to our customers and focusing on their
requirements, we've made it a priority to deliver the tools they need to speed
the implementation and deployment of biometric smart card technology," said Ritu
Favre, CEO of NEXT Biometrics. "With our leadership in large-area, flexible
fingerprint sensor technology and Infineon's semiconductor expertise we're
delivering a complete solution that can be used by smart card makers to add
further innovation. By simplifying development, Infineon and NEXT are leading
the way toward making the use of biometric smart cards pervasive worldwide."

                  The biometric smart card reference design will be demonstrated
by the two companies at the upcoming APSCA Digital Payments South Asia
conference in Mumbai, India, 13-14 November 2018.

About Infineon

                  Infineon Technologies AG is a world leader in semiconductor
solutions that make life easier, safer and greener. Microelectronics from
Infineon is the key to a better future. In the 2017 fiscal year (ending 30
September), the Company reported sales of around  Euro 7.1 billion with about
37,500
employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker
symbol: IFX) and in the USA on the over-the-counter market OTCQX International
Premier (ticker symbol: IFNNY).

About NEXT Biometrics

                  NEXT provides advanced fingerprint sensor technology that
delivers uncompromised security and accuracy for the best possible user
experience in the smart card, government ID, access control and notebook
markets. The company's patented NEXT Active ThermalT principle allows the
development of large, high quality fingerprint sensors in both rigid and
flexible formats. NEXT Biometrics Group ASA (www.nextbiometrics.com) is
headquartered in Oslo, with sales, support and development operations in
Seattle, Silicon Valley, Taipei, Prague, Bengaluru and Shanghai.

# # # # #

*The EMV® Chip Specifications define globally valid requirements for chip-based
payment solutions and acceptance terminals. They enable secure contact- and
contactless applications and the use of other emerging payment technologies.
Further information is available at: www.emvco.com

Media contact -- NEXT Biometrics:

Tom Beermann, tom.beermann@nextbiometrics.com

Investor contact -- NEXT Biometrics:

Knut Stale

Ekstern link: https://newsweb.oslobors.no/message/463126

Nyheten er levert av OBI.