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JEM addresses a top concern of today’s consumer digital security.
With biometrics secured JEM devices, the user’s fingerprints are the key that safeguards and unlocks access to all their digital accounts and payment credentials. JEM frees customers from the need to remember multiple passwords and allows them to use long, strong and unique passwords that are vastly more difficult to crack and result in significant increase in security.
JEM’s contactless payments capability reduces friction and fraud at physical stores and ecommerce environments, benefiting merchants, issuers, and consumers alike.
Fingerprints (fingerprints.com) and JEM have combined their technical capabilities and industry knowledge to create a solution that places advanced biometrics, encryption and payment technology in the hands of consumers.
“Consumers need powerful technology on their side in the fight to protect their digital security and payment credentials, but they also need it to be is easy to use and thoughtfully designed so that it fits into their lives. We chose sensor technology from Fingerprints because of their category leading technology and performance, and also because of their partnership and commitment to realizing a product that met our high customer experience design requirements”, says Madhu Nott, CEO, The Payments Foundry.
“We are happy that our solution has been selected for this innovative product. We are now intensifying our efforts to broaden our distribution channels to reach new form factors and use cases within the biometrics market, to enable security without comprising convenience and ease of use.”, says Niklas Strid, SVP Embedded Business Line, Fingerprints.
The market for Internet of Things (IoT) is growing, and in the future, it is expected that all devices with a battery will be connected to the Internet. This will have significant impact on the way we perform everyday tasks. However, with all the benefits there comes risks, as increased connectivity means more entry points for attacks. There is an increased worry among consumers for security, specifically payment fraud. In fact, Fingerprints global research• revealed that 52 percent of consumers are very concerned about fraud. 42 percent of consumers would like to use fingerprint as identification method for digital payments in the future, because it is convenient, secure, and trusted from the current use on smartphones.
* Fingerprints Market Research 2017 in collaboration with Kantar TNS, 4,000 online consumers in UK, USA, China, India.
About JEM
JEM (jempass.com) brings powerful technology and thoughtful design to address consumers’ critical need to feel safe and in control of their digital and financial credentials. We aim to advance the adoption of strong digital identity and authentication technologies and contactless and biometric payment solutions for purchases online and in stores.
JEM Contact: press[.]jempass.com.
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press[.]fingerprints.com 
