(CercleFinance.com) – STMicroelectronics announces that it has obtained EMVCo1 certification for its STPay-Topaz-Bio biometric payment card platform.
The certification confirms the security of the platform and its interoperability with payment systems. Mastercard and Visa payment system certifications are expected in early 2023.
This achievement makes STPay-Topaz-Bio and the underlying secure hardware the first all-purpose EMVCo certified platform including a biometric secure element and a secure operating system.
The biometric payment card market is expected to grow at an CAGR of over 200% through 2026.
“Card issuers around the world can now take advantage of our platform to bring to market new products protected by extremely robust and easy-to-use biometric authentication,” said Laurent Degauque, Marketing Director of the Secure Microcontrollers Division of STMicroelectronics.
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