French security and identity solutions provider IDEMIA has purchased X-Core Technologies’ metal payment card business as well as associated patents.
The deal will enable IDEMIA to strengthen its existing product line by adding Smart Metal Art, a metal payment card for contactless payments.
Certified by Visa, Mastercard and American Express, the Smart Metal Art cards have been designed with the dual interface for premium customers.
IDEMIA is set to roll out the new cards under Smart Metal Art suite of products which will be produced by IDEMIA at its Exton facility in Pennsylvania, the US.
IDEMIA executive vice-president for financial institutions activities Amanda Gourbault said: “Payment cards are the latest marketing asset for banks for customer acquisition.
“Acquiring X Core is entirely consistent with IDEMIA’s strategy to offer cutting-edge technology to its customers without ever compromising on security or convenience.
“Our new offer, Smart Metal Art, delivers the best high-end cards combined with unmatched contactless payment features, which will be a game changer for end-users.”
Financial terms of the deal were not disclosed.
Recently, IDEMIA received a licence from IDEX Biometrics to use its on-card enrolment solutions for biometric payment cards.
Last month, IDEMIA partnered with Norwegian biometric technology company Zwipe to bring new biometric payments card platform to the market.