NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: IDEX ASA
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

IDEX Biometrics Selected for Central Bank Digital Currency Solution from Union Smart - Union Smart has developed this “cold wallet” card solution in collaboration with six major banks for use in implementation of China’s Digital Currency/Electronic Payment (DC/EP) initiative - USOCard.com / IDEXBiometrics.com
IDEX Biometrics Selected for Central Bank Digital Currency Solution from Union Smart

 

NewswireToday - /newswire/ - Oslo, Norway, 2021/09/20 - Union Smart has developed this “cold wallet” card solution in collaboration with six major banks for use in implementation of China’s Digital Currency/Electronic Payment (DC/EP) initiative - USOCard.com / IDEXBiometrics.com. OSE: IDEX

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Biometric / Forensic Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions for card-based solutions, announced today that Union Smart Card Co., Ltd. (Union Smart), of Shenzhen, China, is utilizing the company’s fingerprint authentication solution to secure the Cold Wallet Visual Payment Card. Union Smart has developed this “cold wallet” card solution in collaboration with six major banks for use in implementation of China’s Digital Currency/Electronic Payment (DC/EP) initiative.

IDEX Biometrics is the leading provider of fingerprint authentication technologies for such secure cold wallet applications, with competitive advantages in performance and cost.

Union Smart has leveraged its patented cold sealing card manufacturing technology to develop a payment card that includes Bluetooth and NFC connectivity, expanded storage, a display, and a keypad, in addition to IDEX Biometrics’ authentication solution. This innovative device represents a complete card-based solution for supporting payments using digital currency.

China has a stated goal to be the leading major economy to displace traditional, central bank backed hard currency with digital currency. To that end, China will be showcasing initial deployments of both card-based and phone-based digital wallets during the Beijing Winter Olympics in February 2022.

The Cold Wallet Visual Payment Card and similar cold wallet devices offer a secure and convenient alternative to mobile wallets on smartphones and will also bring digital currency solutions to the portion of the Chinese population without banking relationships or mobile phones. “The central bank intends to provide inclusive, easy-to-use, digital central bank currency for all people, and this product will be particularly effective in serving the needs of those in rural areas and underserved groups,” said Jiang Kai, Chief Executive Officer of Union Smart. “Our new Cold Wallet Visual Payment Card is the most complete and easy-to-use cold wallet solution available.”

Vince Graziani, Chief Executive Officer of IDEX Biometrics, stated,“IDEX Biometrics’ authentication solutions are the natural choice for card-based digital currency applications. We are pleased to be partnered with Union Smart in the development of this device, which should expand secure and convenient access to the DC/EP initiative across China.”

For further information contact: Brett L Perry, U.S. Investor Relations
T: +1 214-272-0070 - E: bperry[.]sheltongroup.com.

About IDEX Biometrics

IDEX Biometrics ASA (idexbiometrics.com) is a leading provider of fingerprint identification technologies offering simple, secure, and personal touch-free authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings with the touch of a finger. We invent, engineer, and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.

About Shenzhen Union Smart Card Co., Ltd

Founded in 2011 in Shenzhen, China, Union Smart Card Co., Ltd (usocard.com) is a fully-integrated high-tech manufacturer. Its main products include smart cards, Bluetooth cards, shielded cards, RFID tags, and visual electronic tags. With an annual output of over 100 million cards, Union Smart is in a leading position in the domestic card manufacturing industry, serving domestic and international customers across a wide range of industries. With a focus on research and development in packaging and RF technologies, Union Smart also is pursuing emerging opportunities in the Internet of Things. The company holds ISO9001 quality system certification and ISO4001 environmental management system certification, being the only cold lamination card manufacturer of PCBA with the patent No. ZL 2016 1 0452484.2 in China.

Trademark Statement
The wordmark ‘IDEX’ and the IDEX logo are registered trademarks of IDEX Biometrics ASA. All other brands or product names are the property of their respective holders.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Biometric / Forensic Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: IDEX ASA

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Biometric / Forensic articles,
CATCH Visitors via Your Competitors Announcements!


IDEX Biometrics Selected for Central Bank Digital Currency Solution from Union Smart

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Marianne Bøe - IDEXBiometrics.com 
+47 9180 0186 marianne.boe[.]idexbiometrics.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any IDEX ASA securities in any jurisdiction including any other companies listed or named in this release.

Biometric / Forensic via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From IDEX ASA / Company Profile


Read Biometric / Forensic Most Recent Related Newswires:

IDEX Biometrics Enables Turnkey Solution for Biometric Smart Cards with Partners jNet and Infineon Technologies
Innovative Digital Identity Solutions Will Redefine Security and Identity Recognition by 2030 Finds Frost & Sullivan
Hengbao Dual-Use Smart Card Secured by IDEX Biometrics Approved for Certification by China UnionPay
Vision-Box Inaugurates Kuala Lumpur-based Centre of Excellence Consolidating its Presence in Southeast Asia
Mastercard Certifies Biometric Smart Card Secured by IDEX Biometrics
VISA Certifies Biometric Payment Card Secured by IDEX Biometrics TrustedBio Solution
Fingerprint Cards AB (Fingerprints) Receives Initial Order For Next-gen T-Shape (T2) from Global Top-three Card Manufacturer
Frost & Sullivan Recognizes Ping Identity with 2021 Competitive Strategy Leadership Award for Excelling in the Workforce IAM Space
Fingerprints’ New Biometric PC Solution Integrated in the HONOR MagicBook V14
Fingerprints Collaborates with Infineon and Achieves ‘Impossible’ by Enabling Biometric Authentication to be Executed Solely in the Secure Element
NEC Iris Recognition Technology Ranks First in NIST Accuracy Testing
Thales Continues to Improve Travellers Experience At Spanish Airports with Border Gate Deployments
Thales Partners with EVERING to Secure the Next-Generation of Wearable Fashion in Japan
Fingerprints and Seshaasai Enter Agreement to Bring Contactless Biometric Payment Cards to the Indian Market
NEC Face Recognition Technology Ranks First in NIST Accuracy Testing

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  Limelon Advertising, Co.





 
  ©2021 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)