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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.

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

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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