Visa plans to acquire two companies in Argentina — Prisma and Newpay — from private equity firm Advent International.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The company entered into a definitive agreement t ...

Feb 19 (Reuters) - Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from ‌private-equity firm Advent International, bolstering its presence in Argentina. The ‌deal links Visa's global payments network with a scaled local platform, giving ​the company a stronger footing to bolster digital payments use and modernize infrastructure across Argentina. It will fast-track the adoption of technologies such as tokenization, biometric authentication and intelligent risk tools for ...

Visa strikes deal for Prisma, Newpay to boost Argentina presence | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A Visa credit card is seen on top of other cards in this illustration taken February 3, 2026. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]- Companies[Visa Inc]FollowFeb 19 (Reuters) - Card giant Visa [(V.N), opens new tab] said on Thursday it would buy payment platforms Prisma and Newpay fro ...

Core Insights - BIO-key International, Inc. is launching its first office in India, located in Mumbai, to enhance its presence in the region and support local enterprises with identity and access management solutions [1][3] - The initiative aligns with the recent EU-India free trade agreement, which is the largest trade pact between the two economies, aimed at reducing tariffs and fostering economic cooperation in key sectors [2][5] - The partnership with Citadel Global will facilitate the delivery of BIO-key's IAM and biometric technologies, enhancing cybersecurity for large enterprises and financial institutions in India [4][5] Company Expansion - The new Mumbai office will be staffed by a local team and will leverage Citadel Global's market infrastructure for pre-sales engagement, deployment support, and customer success services [1][4] - BIO-key's portfolio includes various IAM solutions such as PortalGuard® IAM and passwordless authentication technologies, which will be made available through this partnership [4][7] Market Context - The expansion into India is part of a broader strategic initiative by international partners to strengthen technology ties with India following the EU-India free trade agreement, which is expected to create significant opportunities for trade in services and technology [5] - The Indian market is identified as a pivotal growth area for digital identity and cybersecurity innovation, with the collaboration expected to enhance compliance, customer trust, and operational efficiency for Indian enterprises [5][6]

Financial Data and Key Metrics Changes - The company reported Q3 2025 revenue of approximately $1.55 million, consistent with the first two quarters of the year, but down roughly $600,000 year-over-year due to timing of larger customer orders [4][15] - Year-to-date revenue for 2025 was slightly under $5 million, reflecting a decrease compared to the previous year [4] - The net loss for Q3 2025 was $965,000 or $0.15 per share, compared to a net loss of $739,000 or $0.39 per share in Q3 2024 [17] Business Line Data and Key Metrics Changes - License fee revenue decreased to $918,000 in Q3 2025 from $1.4 million in Q3 2024, while service revenue increased slightly to $268,000 [15] - Hardware sales declined to approximately $364,000 in Q3 2025 from $436,000 in Q3 2024 due to timing of shipments [16] Market Data and Key Metrics Changes - The company experienced strong demand in the defense sector, with two of the top four largest global defense agencies using its technology [11] - The company is focusing on expanding its market reach in Europe, the Middle East, and Africa, particularly through channel sales efforts [7] Company Strategy and Development Direction - The company is finalizing a major website overhaul and developing new marketing messaging to enhance its market presence [8] - A significant update to the PortalGuard identity platform is expected to be released in late Q1 or early Q2 2026, which will modernize the platform and improve deployment capabilities [9] - The company is expanding its partner network to enhance market penetration and drive growth [22][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth prospects for 2026, citing a solid pipeline of opportunities and the potential for expanded deployments with existing customers [33][36] - The company is focused on reducing its break-even levels and achieving positive cash flow and profitability [13][44] Other Important Information - The company raised approximately $3 million net of fees through a warrant exercise transaction, significantly improving its cash liquidity [14] - Operating expenses decreased by over 10% through the first nine months of 2023, reflecting cost management efforts [13] Q&A Session Summary Question: Was the National Bank of Egypt deal a recurring revenue deal? - Yes, it was an initial deployment with expectations for expanded deployment in the future [20] Question: Are margins lower on the National Bank of Egypt project due to the partnership with Raya? - No, gross margins on software remain over 90% [21] Question: What is the current ARR? - The current ARR is estimated to be in the $6-$7 million range [26] Question: Will the company provide formal guidance for 2026? - The company is confident in its position and may provide guidance as it becomes more predictable [31][34] Question: Did the U.S. government shutdown impact the business? - No, there was no impact from the government shutdown [35] Question: What is the status of the Channel Alliance program? - The program is growing, focusing on quality partnerships that can deliver significant value [38][39]

Core Insights - BIO-key International, Inc. reported a decrease in total revenues for Q3'25, amounting to $1.55 million, down from $2.14 million in Q3'24, primarily due to the absence of large orders received in the previous year [3][12] - The company anticipates a strong finish to 2025, projecting full-year revenues between $6.5 million and $7 million, with expectations for continued growth into 2026 [11] Financial Performance - Q3'25 revenues decreased by 27.5% year-over-year, driven by a decline in license fee revenue, which fell by $523,060 to $917,951 from $1,441,011 in Q3'24 [12][13] - Hardware sales decreased by 17% to $363,642 in Q3'25 from $436,222 in Q3'24 [13] - Services revenues saw a slight increase to $268,113 in Q3'25 compared to $267,371 in Q3'24, with growth in recurring service revenue offsetting a decline in non-recurring custom service revenue [14] Cost Management - Total operating expenses decreased by 7.8% to $2,083,908 in Q3'25 from $2,260,099 in Q3'24, with SG&A expenses down by 13% [15] - Research, Development, and Engineering (RD&E) expenses increased by 4.6%, reflecting ongoing investment in next-generation products [15] Net Loss and Share Performance - The net loss for Q3'25 was $964,849, or $0.15 per share, compared to a net loss of $738,959, or $0.39 per share, in Q3'24 [16][29] - For the nine months ended September 30, 2025, the net loss improved to $2,868,790, or $0.50 per share, compared to $2,916,195, or $1.69 per share, in the same period of the previous year [16][29] Balance Sheet and Cash Flow - As of September 30, 2025, total current assets were $3.7 million, including $2.0 million in cash and cash equivalents, compared to total current assets of $1.9 million at the end of 2024 [17] - The company raised $3.1 million in gross proceeds from a warrant exercise agreement on October 27, 2025, which is not reflected in the Q3'25 financial statements [19] Strategic Initiatives - BIO-key launched its CyberDefense Initiative to capitalize on expected increases in global defense spending, particularly in Europe and the Middle East [6] - The company secured a significant biometric authentication deployment with a major new customer in the Middle East defense sector, enhancing its presence in high-assurance government and defense environments [7][8]

Core Insights - BIO-key International, Inc. is showcasing its passwordless authentication innovations at the Africa Tech Festival 2025, emphasizing its commitment to secure digital identity solutions in Africa [1][2][4]. Company Overview - BIO-key is a leader in biometric-centric Identity and Access Management (IAM), securing access for over 40 million users with its innovative solutions [7]. - The company offers a range of authentication options, including phoneless, tokenless, and passwordless biometric solutions, through its PortalGuard IAM platform [7]. Event Participation - BIO-key will demonstrate its Identity-Bound Biometrics (IBB) and the Passkey:YOU™ solution for personal passwordless authentication at Booth H72 during the event [3][6]. - The participation reflects BIO-key's strategy to support Africa's digital transformation and enhance secure access for governments, enterprises, and citizens [5]. Strategic Goals - The company aims to make enterprise-grade IAM accessible across various industries in Africa, highlighting the region's dynamic approach to digital identity and cybersecurity modernization [4][5].

Core Insights - BIO-key International, Inc. will host its third quarter investor call on November 14th at 10 a.m. ET, with results released before market opening [1] - The call will be led by Mike DePasquale, Chairman & CEO, and Cecilia Welch, CFO, and will include a Q&A session [1] Company Overview - BIO-key is a leader in Identity and Access Management (IAM) and biometric authentication technologies, securing access for over 40 million users [3] - The company offers a multi-factor identity and access management software that includes phoneless, tokenless, and passwordless biometric options [3] - Its PortalGuard IAM solution is available in both cloud-hosted and on-premise formats, providing cost-effective and secure access to various applications and transactions [3]

Core Insights - BIO-key International, Inc. has entered into a warrant inducement agreement with an institutional investor to exercise outstanding warrants, resulting in the purchase of 3,091,668 shares at a reduced price of $1.02 per share, generating approximately $3.1 million in gross proceeds [1][3] Group 1: Warrant Inducement Agreement - The investor will exercise Series A and Series B Warrants to purchase 3,091,668 shares at $1.02 per share [1] - In exchange, the company will issue unregistered New Warrants for 6,183,336 shares at the same exercise price of $1.02, which are immediately exercisable and expire in five years [3] - The company plans to file a registration statement with the SEC for the resale of shares from the New Warrants [3] Group 2: Company Overview - BIO-key is focused on biometric authentication and Identity and Access Management (IAM) solutions, securing access for over 40 million users [4] - The company offers various authentication methods, including phoneless, tokenless, and passwordless options, through its PortalGuard IAM solution [4]

Core Insights - The Reserve Bank of India (RBI) has approved biometric authentication technology for digital payments, including IDEX's fingerprint payment solutions, effective April 2026 [1][2] - The RBI's endorsement of fingerprint biometric authentication marks a shift from traditional SMS-based one-time passwords, validating IDEX's strategic positioning in the Indian market [2][3] - IDEX Biometrics' CEO emphasized the significance of this approval as a transformational moment for digital payment security in India, highlighting successful pilot testing with Indian payment partners [3] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [4] - The company's biometric solutions are designed to enhance convenience, security, and user experience, utilizing patented sensor technologies and integrated circuit designs [4] - IDEX partners with leading card manufacturers and technology companies to bring its biometric solutions to market [4]