IDEMIA to acquire Metal Payment Card Business of X Core Technologies.

IDEMIA, a French multinational company, specializing in security and identity solutions, agreed to acquire Metal Payment Card Business of X Core Technologies, an electrical and electronic manufacturing. Financial terms were not disclosed. “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,” Amanda Gourbault, Executive Vice President for Financial Institutions activities at IDEMIA.