Opendata, web and dolomites

QuardCard

Powered smart card with a biometric one time password system

Total Cost €

0

EC-Contrib. €

0

Partnership

0

Views

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 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.

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

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

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