Flight Solutions announced the expansion of its identity verification business and began collaborating with Kaga Electronics on the use of IC chips. The system will be adapted to support new NFC card readers, with Kaga Electronics expected to handle equipment procurement and sales.
Flight Solutions, which provides payment terminals and systems for businesses, announced that it would begin collaborating with Kaga Electronics to promote the adoption of its identity verification business.
Under the collaboration, its identity verification solution, “myVerifist,” will be adapted to support new NFC card readers, while Kaga Electronics will handle equipment procurement and sales.
In the stock market, rising security demand surrounding identity verification and payment services was seen as a positive catalyst, and the stock reached ¥375 at one point on the 29th, up ¥79 from the previous day. It closed at ¥316 on the 29th.