Opendata, web and dolomites

QuardCard

Powered smart card with a biometric one time password system

Total Cost €

0

EC-Contrib. €

0

Partnership

0

Views

0

 QuardCard project word cloud

Explore the words cloud of the QuardCard project. It provides you a very rough idea of what is the project "QuardCard" about.

first    biometrics    data    prototype    technologies    benefit    owner    credit    authentication    easily    joint    impossible    replace    encrypted    demonstrating    conventional    entry    ready    generation    clients    holds    generations    danish    maximum    capacity    companies    license    market    fraud    cross    online    replacing    differentiating    accurate    works    time    mass    combining    vision    secure    combined    gain    2nd    drastically    withdrawal    completion    disruptive    dynamic    fingerprint    solutions    demonstration    receive    levels    copy    quardcard    royalties    biometric    manufacturer    smart    subsequent    inside    1st    card    released    physical    transactions    cardlab    commerce    otp    kept    patent    smes    banking    payments    generate    quardlock    keys    compliance    revenues    rightful    marketable    financial    cash    versions    otps    combines    certification    security    proposition    share    acute    network    password   

Project "QuardCard" data sheet

The following table provides information about the project.

Coordinator
CARDLAB INNOVATION APS 

Organization address
address: HORKAER 14
city: HERLEV
postcode: 2730
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Denmark [DK]
 Project website http://quardlock.com/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.7. (Secure societies - Protecting freedom and security of Europe and its citizens)
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2015
 Funding Scheme SME-1
 Starting year 2016
 Duration (year-month-day) from 2016-04-01   to  2016-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    CARDLAB INNOVATION APS DK (HERLEV) coordinator 50˙000.00
2    QUARDLOCK APS DK (NORRESUNDBY) participant 0.00

Map

 Project objective

CardLab and QuardLock’s joint vision is to bring a disruptive, highly secure smart card (QuardCard) to the financial payments market, which is currently facing major increases in fraud levels. QuardCard combines, for the first time: (i) a smart card (all data is kept inside the card and only encrypted keys are released); (ii) a biometric fingerprint – highly accurate and impossible to copy; and (iii) dynamic one-time-password (OTP), generated by the user's fingerprint.

As such, the card only works with the rightful owner’s fingerprint and will improve drastically the security of online and physical transactions. The card will be marketable in two generations/versions: • 1st generation QuardCard for the generation of OTPs through user’s fingerprint for e-banking authentication and e-commerce transactions; • 2nd generation QuardCard combining generation of OTPs with capacity for physical transactions (card payments or cash withdrawal), replacing the need for a conventional credit card.

Due to the certification compliance of the current prototype, both generations will be ready for mass production upon completion of the QuardCard project. However, financial institutions do not easily replace existing solutions by novel technologies. Ensuring and demonstrating a maximum level of user security is a key differentiating factor to gain access to the market. Given QuardCard´s value proposition, combined with the demonstration and certification activities planned for Phase 2, we will be able to enable subsequent market entry.

The consortium gathers two Danish SMEs: CardLab (QuardCard manufacturer) has an established network of clients and QuardLock holds the patent and know-how to use biometrics to generate an OTP. Both companies will benefit from the project through a cross-license agreement where each receive a share of QuardCard revenues and royalties.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "QUARDCARD" project.

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Send me an  email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

Thanks. And then put a link of this page into your project's website.

The information about "QUARDCARD" are provided by the European Opendata Portal: CORDIS opendata.

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