Idemia has signed a deal with Rocker to enhance contactless payment security for the blue-chip Swedish FinTech and bank challenger. The agreement will see Idemia’s F.CODE biometric payment cards undergo a proof of concept with Rocker customers during the first quarter of 2021.
“As a bank challenger, we are constantly testing new technology to develop smarter financial services that are easier to use and that help our customers improve their everyday financial lives,” stated Jonas Hultin, Chief Product Officer and one of Rocker’s three founders. “We are moving at a high pace to provide new and attractive innovations to customers. Launching biometric F.CODE debit cards is part of our strategy to offer smart and secure payment solutions across platforms, whether you wish to pay with your mobile, a card or with a transfer. In doing so, we are first in Sweden and one of the first in the world to offer this payment technology for consumers.”
The deal marks the first ever-biometric card proof of concept in Northern Europe and will see payments using the card fingerprint-checked in store. The F.CODE payment card adopts a biometric authentication procedure making transactions quicker, more hygienic and more secure as cardholders no longer need to enter a PIN or sign. The solution ensures security by storing all biometric credentials only in the chip on the card, rather than in a remote database.
The battery-free card that will be rolled out in mid-2021 following the proof of concept is powered by the payment terminal and is designed to be user-friendly. Rocker aims to offer the F.CODE card as a new service in its growing offering of retail financial services that are easier to use, more flexible and better priced. The proof of concept will be completed by the first quarter of 2021.
“We are proud to partner with Rocker and to shape the future of payments, hand in hand with a FinTech at the cutting edge of innovation,” said Amanda Gourbault, IDEMIA’s Executive Vice-President Financial Institutions. “We are delighted to ensure an innovative yet seamless experience to Rocker’s customers thanks to the use of biometrics.”