NEXT Biometrics and WizCard have signed an agreement with on the development of biometric smart card solutions.
WizCard WizCard is a design firm that specialises in thin, flexible, and ultra low power systems. The organisation builds e-paper, power harvesting, and advanced LED modules used in industries such as finance and transportation.
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WizCard offers Build-In Module (BDM) design services for smart card manufacturers.
Furthermore, the solution facilitates use of display technology in standard payment, public transportation and other smart cards.
As part of the collaboration, NEXT Biometric will enhance WizCard solution with it’s advanced fingerprint sensor technology for secure authentication.
Alain Faburel, NEXT Biometrics chief sales and marketing officer, commented:
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By GlobalData“WizCard provides card manufacturers seamless integration of additional features into standard smart cards.
“We are very pleased to collaborate with this trusted and renowned market player in Taiwan. This further widens our global network of business partners and scope of application for our advanced sensor technology in the smart card sector.”
NEXT Biometrics Display Feature
Biometric technology is fast becoming one of the most popular ways to pay. As passwords become outdated and more hacked, banks and fintechs look to enhance biometric solutions. This in turn, gives customers a flexible and secure payment channel.
Common use cases for display technology incorporated into smart cards currently comprise one-time-passwords for a variety of log-in situations as well as display of credit balance on payment, public transportation and other cards.
The technology will also create a dynamic Card Verification Value (dCVV) as an alternative to the standard static card verification value printed on the reverse side of credit cards.
Daphne Hsu, CEO of WizCard, highlighted: “NEXT Biometrics` fingerprint technology offers excellent functionality and proven reliability.
“Joining both technologies in one smart card ideally combines convenience with security, creating added value for card manufacturers and end users alike.”
In addition the partnership will support the growing adoption of smart card technology in Taiwan. The government has recently been focusing on its digital national plan. It is estimated that around 40 million banking cards compliant with the global EMV standard are currently in use in Taiwan.
