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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0ZWIPE 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.
Project "ZWIPE" data sheet
The following table provides information about the project.
| Coordinator |
ZWIPE AS
Organization address contact info |
| 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
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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 %.
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The information about "ZWIPE" are provided by the European Opendata Portal: CORDIS opendata.