<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Visa has introduced the Visa Payment Passkey Service, which allows customers to authorize payments online by performing a biometric scan on their smartphone or computer.
      </p>
    </li>
    <li>
      <p>
        The Service is built on Visa's Fast Identity Online (FIDO) server. Additionally, the solution operates on a federated model that allows merchants to integrate the Visa Payment Passkey Service into their checkout without building their servers.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Furthermore, Customers can authenticate their online Visa payments using the same biometric systems they employ to unlock their smartphones or laptops. Users need to enroll once at checkout to use the service, with future enrollment to be enabled through banking apps.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20240515563838/en/">
      Press release
    </a>
  </p>
  <p>
    <a href="https://findbiometrics.com/visa-brings-passkeys-to-online-payments-in-major-fido-victory/">
      Findbiometrics
    </a>
  </p>
</div>


Biometric Payments

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>

 <p>Visa has unveiled the Visa Payment Passkey Service, enabling customers to approve online payments through a biometric scan on their device. The Service utilizes the Fast Identity Online (FIDO) server from Visa. Moreover, it works on a federated model, permitting retailers to incorporate the Visa Payment Passkey Service into their checkout process without the need for personal servers.</p>
 <p>This solution lets customers utilize the same biometric systems they use to unlock their devices for authorizing online Visa payments. After a one-time enrollment at checkout, users can continue to enrol via their banking apps in the future.</p>

</div>

Visa launches Visa Payment Passkey Service for online biometric payment

ANALYST_QUICK_TAKE

<div>

<p>IDEX Biometrics is partnering with a South Asian smart card manufacturer to globally distribute smart cards, mainly in Asia. These smart cards will be distributed to various governmental agencies, banks, telecom and transport companies, and corporate enterprises, using the partner company's approved status with Visa, Mastercard, and RuPay. The aim is to have the IDEX Pay card launched and commercialized by 2024 end.</p>

</div> <p><b>Analyst QuickTake:<br>
</b> Notably, IDEX has looked to expand its presence in the South Asian region and has established multiple partnerships in Bangladesh. This includes partnering with <a href="https:<br>
//sp-edge.com/updates/28175"> Mutual Trust Bank </a> last month, <a href="https:<br>
//sp-edge.com/updates/24991"> Eastern Bank PLC </a> last November, and <a href="https:<br>
//sp-edge.com/updates/18774"> Bangladesh’s DoelPay </a> last May.</p>

IDEX Biometrics partners with South Asian smart card manufacturer to launch biometric payment cards

<div>
 
 <p>OVE, a provider of biometric payment services, is collaborating with Fingerprint Cards (FPC) to develop a prototype titled "Touch and Go." This is a fingerprint sensor designed for biometric payments in retail settings.</p>
 <p>Thanks to the partnership, the payment solution can make use of FPC's technology for facilitating mobile payments across many venues such as bars, restaurants, supermarkets, and gas stations. The solution can safely store millions of fingerprint hashes in the cloud while connecting multiple account types for payments to single fingerprints. This system integrates with retailers' point-of-sale systems using Wi-Fi.</p>
 <p>In a bid to aid its commercialisation, OVE is currently running a seed funding round which is predicted to wrap up by the close of 2024.</p>
 <p>The OVE Touch and Go service combines identity and payment services, capitalising on biometric technology to ensure secure, convenient transactions. The service enables users to connect multiple payment methods, like credit cards and bank accounts, to each individual fingerprint.&nbsp;</p>
 
</div>

OVE launches fingerprint-based payment authentication solution in partnership with Fingerprint Cards

<div>
    <p>SmartMetric, a provider of biometric smartcards, announced the launch of its biometric credit card. The cards, currently in the final stages of lamination and printing, feature an integrated live fingerprint scanner. This scanner can distinguish between actual fingerprints and counterfeit foil prints. The card also has an inbuilt rechargeable battery, making it compatible with credit card readers and ATMs.</p>
</div>

SmartMetric launches biometric credit card

<div>
 
 <p>PayByFace, a provider of a facial recognition-based POS terminal and loyalty services, has announced plans to expand into various European countries - the Netherlands, the UK, Ireland, France, Italy, Spain, Switzerland, Germany, Austria, Romania, and Bulgaria.</p>
 <p>It is reported that the company has GDPR-compliance and it has structured its platform on the architecture reference framework for the EU digital identity Wallet reference. This implementation is scheduled for the second quarter of 2026.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> The company has looked toward international expansion in the past. In <a href="https:<br>
//sp-edge.com/updates/13257"> September 2022 </a> , PayByFace launched its platform in the US, the UAE, and South Africa, just months after entering the <a href="https:<br>
//sp-edge.com/updates/10890"> Indian </a> market.</p>

PayByFace expands its solutions into European markets

<div>

<p>IDEX Biometrics, a manufacturer of fingerprint sensors, has teamed up with Mutual Trust Bank (MTB) to introduce biometric payment cards in Bangladesh. MTB is one of the top 10 banks in the country.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> Last year, IDEX established multiple partnerships to expand the use of biometric payment solutions in Bangladesh. This includes securing&nbsp;partnerships with <a href="https:<br>
//sp-edge.com/updates/24991"> Eastern Bank PLC </a> (November) and <a href="https:<br>
//sp-edge.com/updates/18774"> Bangladesh’s DoelPay </a> (May).</p>

IDEX Biometrics partners with Mutual Trust Bank to introduce biometric payment cards in Bangladesh

<div>
 
 <p>Amazon has introduced a new update to its palm payment technology, Amazon One. This upgrade now allows users to sign up for the service from the comfort of their homes via a newly released AI-based application, which is available for download on Apple's App Store and Google Play Store.</p>
 <p>The application's operation entails the users logging into their Amazon accounts, taking a snapshot of their palm, and inputting their preferred payment option. According to the reports, the app can match the photo taken from the phone's camera with that taken from the infrared imaging technology employed by Amazon One device. Amazon also claimed that the development of this app involved the use of GenAI to generate synthetic palm images, which were then used to train the machine learning models. Besides, the company assures that the palm images taken through the app are secured, encrypted, and incapable of being downloaded or stored on individual devices. </p>
 <p>The use of Amazon One extends to over 500 Whole Foods Markets spread across the United States, numerous Amazon stores, as well as more than 150 third-party locations. Statistics reveal that the technology has so far been used over 8 million times with more than 80% of its users choosing to repeatedly opt for the service. </p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Amazon took several steps last year to expand its Amazon One launch. This includes launching its solutions <a href="https:<br>
//sp-edge.com/updates/23485"> into all Whole Foods locations in Massachusetts </a> (November), integrating its payment system in <a href="https:<br>
//sp-edge.com/updates/22175"> FreedomPay's commerce technology platform </a> (September), and <a href="https:<br>
//sp-edge.com/updates/17273"> partnering with Panera Bread </a> (March).&nbsp;&nbsp;&nbsp;</p>

Amazon upgrades Amazon One, enabling at-home sign-up

<div>
 
 <p>IDEX Biometrics has joined forces with Accomplish Financial to initiate a biometric payment program tailored for visually and memory-impaired individuals, initially in the UK. The initiative is spurred by the European Accessibility Act 2025 that encourages businesses to promote inclusivity and enhance accessibility. The cooperation could also stimulate the release of IDEX Pay biometric payment cards.</p>

</div>

IDEX Biometrics partners with Accomplish Financial to improve payment accessibility

<div>
 
 <p>IDEX Biometrics and KONA I are extending their collaboration to launch biometric card solutions, notably metal cards, in Japan. These cards are set to be compatible with standard protocols like FIDO2 and are expected to be launched in the second half of 2024.</p>

</div> <p><b>Analyst QuickTake:<br>
</b> The two companies <a href="https:<br>
//sp-edge.com/updates/23152"> partnered last October </a> to introduce biometric payment cards in both recycled PVC and metal formats for banking clients across the globe. Notably, IDEX has also established multiple partnerships in the recent past to encourage the use of biometric payment solutions in the Asian region. This includes partnering with Bangladesh’s EBL and receiving an <a href="https:<br>
//sp-edge.com/updates/24309"> initial order for IDEX Pay from an undisclosed smart card manufacturer in Asia in </a> November. Additionally, it partnered with <a href="https:<br>
//sp-edge.com/updates/19900"> Taiwanese Beautiful Card Corporation </a> and <a href="https:<br>
//sp-edge.com/updates/20394"> Hong Kong’s Goldpac Fintech in </a> July.</p>

IDEX Biometrics partners with KONA I to launch biometric payment cards in Japan

<div>
 
 <p>A biometric smartcard provider, SmartMetric, has launched a credit card incorporated with a fingerprint scanner. This feature checks the cardholders' identities with every transaction.</p>
 <p>The credit card is stated to be compatible with current point-of-sale terminals that accept either chip or contactless payments.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> SmartMetric’s launch comes less than a month since biometric sensor and software provider FPC <a href="https:<br>
//sp-edge.com/updates/25690"> introduced FPC Smart'Nroll </a> , a reusable device for enrolling biometric data on payment cards, to support biometric payment card launches. However, payment card inlay provider <a href="https:<br>
//sp-edge.com/updates/26174"> Zwipe announced last week </a> that it would be exiting the biometric payment market to shift its focus fully toward the biometric access control market.</p>

All Updates

Visa launches Visa Payment Passkey Service for online biometric payment

IDEX Biometrics partners with South Asian smart card manufacturer to launch biometric payment cards

OVE launches fingerprint-based payment authentication solution in partnership with Fingerprint Cards

SmartMetric launches biometric credit card

PayByFace expands its solutions into European markets

IDEX Biometrics partners with Mutual Trust Bank to introduce biometric payment cards in Bangladesh

Amazon upgrades Amazon One, enabling at-home sign-up

IDEX Biometrics partners with Accomplish Financial to improve payment accessibility

IDEX Biometrics partners with KONA I to launch biometric payment cards in Japan

SmartMetric launches biometric payment card

Biometric Payments

Visa launches Visa Payment Passkey Service for online biometric payment

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