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.
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.”
For more information contact:
Johan Carlström, CEO Fingerprint Cards AB (publ), +46 (0) 31-60 78 20,
investrel@fingerprints.com
About The FIDO Alliance
The FIDO (Fast IDentity Online) Alliance was formed in July 2012 to address the
lack of interoperability among strong
authentication (http://www.fidoalliance.org/what-makes-fido-different.html)
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)
Fingerprint Cards AB (FPC) 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 a.m.
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 constituent
information in accordance with the rules and regulations prevailing in the
particular jurisdiction. This press release does not constitute an offer or an
offering to acquire or subscribe for any of the company’s securities in any
jurisdiction.
