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InCard enters into product procurement agreement with Gemalto
Innovative Card Technologies, a developer of the InCard DisplayCard for e-banking, e-commerce and secure data access, has announced a product procurement agreement for the InCard DisplayCard with Gemalto, a digital security provider.
Under the terms of the agreement, Gemalto has made purchase commitments based on client orders. This arrangement enables Gemalto to shorten delivery lead times for current and future InCard DisplayCard deployments to enterprises and financial institutions.
Gemalto will make custom client-branded InCard DisplayCards a part of its current solution portfolio. The cards are being marketed to large enterprise and financial institutions as dual-factor authenticators for a wide range of data access and customer transactions at multiple points of access (online, ATM, or by phone).
According to the company, the InCard DisplayCard integrates the security of a one-time passcode (OTP) token directly into a card the size of a standard credit or debit card. At the push of a button on the card, a one-time passcode is shown on its integrated display. During an online transaction, this number is entered into a user interface with other information such as the user's login name and static PIN for multifactor authentication.
Francois Lasnier, vice president and general manager of security for Gemalto North America, said: "InCard provides an attractive technology - the OTP in credit card form - that is well adapted for the needs of enterprises and financial institutions. Gemalto is also providing personalization and fulfillment services to facilitate the deployment of the technology by customers and its adoption by end-users."
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