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ZWIPE SIGNED

Zwipe is a technology provider that enables ultra-low-power biometric authentication solutions for Financial Services. Mission is to “Make Convenience Secure” for banks, merchants and consumers.

Total Cost €

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EC-Contrib. €

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Partnership

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 ZWIPE project word cloud

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

competitiveness    first    contactless    scalable    cards    filed    2017    consumption    biometric    integrate    spent    market    compliant    visa    ip    power    entails    pilots    mastercard    zwipe    securing    thin    terminals    data    expansion    else    2018    capital    charge    fixed    price    supply    aligned    energy    plans    terminal    company    europay    authentication    grow    fingerprint    ebit    functions    harvest    understand    performance    universal    secure    reduce    commercialization    transforms    transition    harvesting    interface    point    cardholder    selling    payment    platform    pos    margin    standard    sensor    portfolio    volumes    sell    simplifying    semiconductor    advantage    decentralized    mover    issued    ultra    patented    sales    efforts    dual    world    critical    contact    emv    card    battery    chips    electricity    signals    security    infrastructures    position    prepare    reducing    radio    stored    patents    horizon   

Project "ZWIPE" data sheet

The following table provides information about the project.

Coordinator
ZWIPE AS 

Organization address
address: RADHUSGATA 24
city: OSLO
postcode: 151
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 Norway [NO]
 Total cost 3˙282˙000 €
 EC max contribution 2˙297˙400 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-04-01   to  2021-03-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ZWIPE AS NO (OSLO) coordinator 2˙297˙400.00

Map

 Project objective

Zwipe is a WORLD LEADING BIOMETRIC PAYMENT company and has developed the world’s first contact and contactless payment card with an integrated Fingerprint sensor without the need for a battery or a fixed power supply due to our patented energy harvest method. Our method transforms the radio-signals from the payment terminal to electricity who charge the integrated ultra-thin and low power consumption biometric authentication.

With Zwipe technology the cardholder’s biometric data is decentralized meaning its only stored on the card and nowhere else. The card is fully compliant with EMV (Europay, VISA and MasterCard) and standard POS terminals (Point of sales) infrastructures. Zwipe has a strong IP portfolio of issued and filed patents addressing factors that are essential Zwipe introduced the world’s first biometric dual interface payment card in 2017. 2018 is the year of pilots to further understand the development needs of our product offering. In a 2 to 3 year horizon, as the market evolves and volumes grow, Zwipe plans to build on its first mover position to develop and sell market leading applications in areas like energy harvesting and ultra-low power biometric performance and security. This project is to simplifying the technology by taking advantage of semiconductor technology to integrate more functions into chips and ensuring a universal technology platform prepare the technology for scale-up for the commercialization phase. Development efforts will be spent on creating a universal and scalable technology platform which enables expansion. This entails a transition from selling cards to selling chips and integrated systems. This is aligned with expected market development and will secure price competitiveness and reduce capital requirements.

As the market evolves, this is a critical step in securing price competitiveness, reducing capital requirements and achieving the long-term EBIT margin target of 20 %.

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

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

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