Mastercard accredits FIME for biometric evaluation services

Published On : 01/05/2019

Device manufacturers and solution providers can now demonstrate the quality of fingerprint sensors for strong customer authentication 

FIME has been accredited by Mastercard to deliver biometric authentication testing services for fingerprint in line with its new guidelines for mobile device sensors. The testing evaluation program enables mobile, wearable and sensor manufacturers to test the performance and accuracy of mobile fingerprint sensors. This enables financial service providers to easily evaluate the hardware and software integrated into devices and have confidence in the quality of the products that are integrating with their payment solutions.

Stephanie El Rhomri

Goode Intelligence’s second Biometrics for Payments report found that biometrics has become an important tool in the fight against fraud in almost all of the channels that payment is supporting. The report predicts that there will be over 2.6 billion biometric payment users by 2023, driven by desire for more frictionless authentication, fraud reduction, regulation, and standardization.

Mastercard’s program provides dedicated hardware performance testing to scrutinize the quality of solutions’ matching engines. Vendors and service providers can make use of FIME’s consulting, training and testing services to launch reliable mobile payment solutions.

“Biometrics have taken the payments world by storm in recent years, delivering consumers greater convenience and security,” comments Stephanie El Rhomri, Vice President of Services at FIME. “But in a post-PSD2 and GDPR world, players across mobile and payments are increasingly understanding the importance of performance and quality to ensure customer adoption of new secure authentication solutions. We’re proud to be championing this evaluation program, the first of its kind to be fully ISO-compliant, as we continue to support the ever-expanding role of biometrics in payments.”

To find out more about how FIME can support your projects, contact your local office https://www.fime.com/contact-us/global-offices.html.

Wanda Rich

Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.