The agreement gives Precise Biometrics annual revenues for the right to use the company's algorithm solution and for support. The agreement also generates licensing revenues based on the number of sold fingerprint scanners from Crossmatch that utilize Precise BioLive. The previous license agreement with Crossmatch, which was transferred to Precise Biometrics as part of the acquisition of NexID Biometrics in February 2017, covered anti-spoof technology for 4-finger scanners.
“The demand for more secure fingerprint solutions that tackles fraud are increasing. We are pleased to expand the cooperation with Crossmatch beyond the existing relationship for livescan anti-spoof technology”, said Håkan Persson, CEO of Precise Biometrics.
Precise BioLive identifies fake fingerprints with high accuracy by analyzing fundamental image differences between a live fingerprint image, and one from a spoof. The software solution does not require any hardware, which minimizes the cost and operational impact on sensor functionality. Precise BioLive is easily integrated in mobile or desktop fingerprint scanning devices through Precise Biometrics anti-spoof SDK.