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Gothenburg, Sweden, 2013/04/09 - Fingerprint Cards joins the FIDO (Fast IDentity Online) Alliance as Sponsor to contribute its knowhow in secure online transactions to help accelerate the use of fingerprint sensors for secure and convenient user verification in mobile devices - Fingerpri. Nasdaq Stockholm (FING B)
The FIDO Alliance has been operating as a cooperative industry initiative for two years. The Alliance was officially formed in July 2012 as the first open industry standard for online and digital authentication that raises security, preserves privacy, and simplifies the user experience. Fingerprint sensors, like FPC’s, become prominent means of user verification with FIDO authentication.
“We are pleased to announce Fingerprint Cards as our newest FIDO Alliance Sponsor member,” said Michael Barrett, FIDO Alliance president and PayPal chief information security officer (CISO). “Biometric user verification plays an important part in FIDO strong authentication. Fingerprint Cards’ contribution can help achieve the FIDO vision of universal strong authentication, better security, enhanced privacy, more commerce and a simpler, safer user experience.
Jörgen Lantto, Executive Vice President, CTO and head of Strategy and Product Management of FPC, comments: “We are delighted to join the FIDO alliance. FIDO has the potential to become a very widespread solution to the need for secure online transactions. We look forward to contributing both our expertise and our market presence as a leader of integrating fingerprint sensors in mobile devices.”
About The FIDO Alliance
The FIDO (Fast IDentity Online) Alliance was formed in July 2012 to address the lack of interoperability among strong authentication technologies, and remedy the problems users face with creating and remembering multiple usernames and passwords. The Alliance plans to change the nature of authentication by developing standards-based specifications that define an open, scalable, interoperable set of mechanisms that supplant reliance on passwords to easily and securely authenticate users of online services.
About Fingerprint Cards AB (publ) (FPC)
Fingerprint Cards AB (fingerprints.com) markets, develops and produces biometric components and technologies that through the analysis and matching of an individual’s unique fingerprint verify the person’s identity. The technology consists of biometric sensors, processors, algorithms and modules that can be used separately or in combination with each other. The competitive advantages offered by the FPC’s technology include unique image quality, extreme robustness, low power consumption and complete biometric systems. With these advantages and the ability to achieve extremely low manufacturing costs, the technology can be implemented in volume products such as smart cards and mobile phones, where extremely rigorous demands are placed on such characteristics. The company’s technology can also be used in IT and Internet security, access control, etc.
Fingerprint Cards AB (publ) discloses this information pursuant to the Swedish Securities Market Act (2007:528) and the Swedish Financial Instruments Trading Act (1991:980). The information was issued for publication on April 09, 2013, at 11:30 am.
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