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CardLab press release 17th December 2018

CardLab and QuardLock releases unique identification and privacy protection system.

Billions of USD and working hours are lost every year, with numbers rapidly increasing, as fraudsters become more active and skilled at hacking, card skimming, electronics pickpocketing and identity theft. Life has been made easy for fraudsters and hackers with the appearance of contactless cards and the IOT world with millions of unsecured devices. During the last 12 months, almost 1 billion accounts have been hacked leading to loss of critical financial and private data.

CardLab and QuardLock are on a common mission to eliminate fraud and identity theft and it is possible now using a combination of CardLab biometric card solution and QuardLock backend authentication system. Card theft and abuse of cards can be stopped by using CardLab biometric fingerprint sensor card as it allows only the true cardholder to open and use the card.

No more hackable biometric databases, as all biometric data is stored in the card to verify the true cardholder. The card is registered in the backend authentication system and all data tokenized or made as a full cryptogram. This makes card skimming and copying of transactions worthless and eliminates identity theft. The combined solution secures the unique user ID and at the same time full privacy protection; No other solution provides the same level of convenience, security and hacker protection.

The full system with biometric cards and backend authentication system goes live in 3 undisclosed pilot customers starting December 18th 2018 with further 5 customers will be started on the solution by January 2019. All making use of the market leading FPC1300-series T-shape in the card for fingerprint verification.

The release of the full system marks a significant milestone as the completion of the BiOTP card project supported by the Danish market Maturation Fond, with the target to mature the card and the system for a full market introduction. Today we have come to the point where the card and backend solution is fully ready for secure E-commerce, E-banking, E-government and unique ID possibly without compromising protection of the cardholders ID.

The days also marks the point where a sustainable production process for Smartcards with embedded electronics is in place, tools and machinery are tested and verified and we can deliver highly sophisticated electronic Smart cards with fingerprint sensor in volume.

About CardLab
CardLab is a world leading technology provider to the powered smart card industry having developed and commercialized ISO 7810 compliant secure card products including:

• Full “System on Card” biometric authentication based on Fingerprints™ FPC1080A swipe scanner and FPC1300-series T-Shape™ touch sensor”, 
• tokenized dual track dynamic magstripe cards, 
• communication controlled RFID cards (Jammer & MuteCards), 
• “All In One” card solution platform and other card solutions customized to customer specifications. Adapted to three key areas; payment, access control and ID cards.

CardLab is a DK based card development and manufacturing company with manufacturing partners in China and Thailand and own card lamination factory in Thailand. In collaboration with industry leading partners and suppliers, CardLab has developed sustainable electronic card systems and production methods and do today offer unparalleled technical design and manufacturing support for card solutions including scalable security levels and existing infrastructure compatibility making implementation cost affordable for end users.

About QuardLock
QuardLock is a high-tech security company with a team of experts that have developed a game changing Identity management and multi-factor authentication platform for use in access control, data transaction signing, document e-signature, e-banking, e-commerce and tokenization, where a dynamic cryptogram created by the cardholder’s fingerprint stands in for another more valuable piece of information, like credit card data, medical information or Social Security numbers. The QuardLock platform allows only the right people at the right time to gain access or to complete a transaction in a secure, compliant, and auditable manner. It can be delivered as an on-premise solution or as a Cloud based version (SaaS) ready to implement with banks, payment providers, governmental institutions and enterprises.

CardLab press release 13th December 2018

Drayson Technologies signs a technology licensing agreement with CardLab, for the use of Freevolt world leading energy-harvesting technology, to power biometric smartcards

• The licence allows CardLab to integrate Freevolt energy harvesting technology in their next generation of powered biometric smartcards, which fight credit card fraud as well as identity theft and cyber-criminal activities by protecting every transaction with the required use of the owner’s fingerprint
• Freevolt provides 2-3 times more power than has previously been available and uses existing manufacturing techniques and components, significantly increasing the speed of a secure transaction
• CardLab has a strong portfolio of biometric card solutions and is a unique “One stop shop” providing all card development and production services, bringing a card from a good idea to a card product in mass production
• CardLab has the market’s most power efficient card solutions and an outstanding card lamination capability using standard lamination equipment at temperature ranges suitable for electronic card lamination

 13th December 2018 – Drayson Technologies (Europe) Limited today announces it has signed a technology licensing agreement with CardLab to integrate Freevolt energy harvesting technology into CardLab’s powered biometric smartcard solutions, in applications that include payment credit and debit cards, e-Passports, ID cards, security passes and medical information cards.

Customers are set to benefit from the partnership that will see Drayson Technologies’ personnel based in the UK working closely alongside Denmark’s CardLab to combine their respective solutions into an integrated card that unlocks a new era of smart card security and enables cards to work in a low power reader environment.

Freevolt smart card harvesting solutions currently outperform all other solutions on the market- providing between 2-3 times more available power for contactless transactions, which typically take less than 1 second.  Drayson Technologies’ patented Freevolt technology enables a new generation of payment smartcards, e-Passports, ID cards, security passes and medical cards by harvesting additional power that provides improved security,  reduced transaction times at payment and access terminals and full functionality at all readers. CardLab have over 15 years’ experience in the smart card market and are committed to working with Drayson Technologies in rolling out biometric smart cards on a world-wide basis, powered by Freevolt technology. Freevolt uses existing manufacturing techniques and components, is compliant with the size and thickness required for existing smart and credit card standards and is ready for mass manufacture.

Gonzalo de Gisbert, Head of Product, Drayson Technologies, said: “Fraud is increasing year on year, with enhanced securities measures inhibited by the lack of available power. Drayson Technologies can overcome this problem through its innovative Freevolt technology, built on years of experience in radio frequency harvesting.  This partnership with CardLab is a fantastic validation of the impact and utility Freevolt provides, able to make fraud prevention a reality and put it in the hands of everyone.”

Frank Sandeløv, CEO, CardLab, said: “CardLab has created card solutions to help fight fraud, identity theft, provide unique identity and simultaneous full privacy protection. A large part of such cards are based on energy harvesting solutions and until now, the available energy harvesting solutions have been unable to produce sufficient power to make cards work in all terminals. The collaboration between Drayson Technologies and CardLab changes the situation dramatically making is possible to harvest sufficient energy from all contactless terminals. After thorough testing Drayson Technologies have been selected as supplier due to its unique performance and strong IPR protection.”

Press Contact

About Drayson Technologies and Freevolt
Drayson Technologies is the UK based developer of Freevolt, global award-winning patented technologies that recycle RF energy from the carrier waveform of radio transmission networks (NFC, cellular & Wi-Fi) in order to power low energy electrical devices such as smart cards, sensors, and wearables. The Company is providing Freevolt and the associated technology stack under licence to its customers. 

For more information, please visit:

http://www.draysontechnologies.com/

About CardLab

CardLab is a world leading technology provider to the powered smart card industry and is a company developing and commercializing ISO 7810 compliant secure card products including:

• Full “System on Card” biometric authentication based on Fingerprints™ FPC1080A swipe scanner and FPC1300-series T-Shape™ touch sensor”,
• communication controlled RFID cards (Jammer & MuteCards),
• “All In One” card solution platform and other card solutions customized to customer specifications and adapted to three key areas; payment, access control and ID cards.

CardLab is a DK based card development and manufacturing company with manufacturing partners in China and Thailand and own card lamination factory in Thailand. In collaboration with industry leading partners and suppliers, CardLab has developed sustainable electronic card systems and production methods and do today offer unparalleled technical design and manufacturing support for card solutions including  scalable security levels and existing infrastructure compatibility making implementation cost affordable for end users. 

For more information, please visit:
www.cardlab.com 

For print use this PDF

CardLab press release 6th March 2018

CardLab and Thai British Secure Printing, TBSP forms strong alliance for future high security cards.

CardLab is very proud to announce that we on February 22^nd 2018 have entered into a long term strategic agreement with Thai British Secure Printing, TBSP in Thailand securing CardLab technologies will be available in card products from TBSP. The agreement means that TBSP have obtained a license to all CardLab technologies and in short time will start to introduce more secure cards containing CardLab anti-fraud and identity protection technologies such as RFID skimming protection and fingerprint sensor on the card, to allow only the rightful owner to use the card.

The agreement cements CardLab position as a leading technology supplier to the powered card industry and one of the frontrunners in fighting card fraud, identity theft and cyber-criminal activities with its advanced technologies for card solutions. The agreement follows a decision earlier to use Fingerprint Cards new T-shape fingerprint sensor and have a close collaboration with Fingerprints to help Fingerprint customers with card design and Fingerprint sensor integration.

“I’m very happy we have been able to make this agreement securing a strong partner to bring superior card solutions to the market to fight the increasing fraud and identity theft problems where identity theft alone according to latest data from CSIS and McAfee annually amounts to USD 600 billion, equal to 0,8% of worldwide BNP. We have experienced TBSP as a very progressive company interested in sending more secure card products to the market that can eliminate these problems and CardLab working with TBSP can help cardholders avoid criminal activities in the future” says Frank Sandeløv, CEO of CardLab.

The agreement with TBSP also secures CardLab ability to deliver certified card products carrying VISA, MasterCard or other major brand as TBSP is a fully certified factory. The agreement further fuels CardLab growth plans, where CardLab right now is seeking an investment of USD 3,5 million for an approximate 10% ownership of Cardlab, to ramp up sales and production in order to accommodate the demand arising from the agreements made with Fingerprints and TBSP.

CardLab prefer an active investor with interest in participating in the day-to-day operations to participate in exploiting the customer opportunities and for the USD 3.5 million achieve approximately 10% ownership with the option to increase to approximately 30% ownership. CardLab holds a very strong pipeline and with the needed investment a very solid return can be created on such an investment.

For TBSP, it has been important to meet the new security demands and deliver more secure card products as Managing Director, Natapong Pinitpongskul states “To TBSP it is important to deliver the best and most secure card products to our customers and with the rising fraud levels we have been looking to implement better technology in our cards. Working with CardLab will bring us the needed technology to become a leading supplier in secure card solutions to TBSP and CardLab customers. By these technologies we shortly will introduce biometric card solutions and skimming protection as a standard offering in our cards”.

About CardLab

CardLab is a world leading technology provider to the powered smart card industry and is a company developing and commercializing ISO 7810 compliant secure card products including:

• Full “System on Card” biometric authentication based on Fingerprints™ FPC1080A swipe scanner and FPC1321 T-Shape™ touch sensor,
• tokenized dual track dynamic magstripe cards,
• communication controlled RFID cards (Jammer & MuteCards),
• “All In One” card solution platform and other card solutions customized to customer specifications and adapted to three key areas; payment, access control and ID cards.

 CardLab has a strong development and customization team in Copenhagen, Denmark, manufacturing partners in China and Thailand, own dynamic magstripe factory in China and card lamination factory in Thailand. In collaboration with industry leading partners and suppliers,  CardLab has developed sustainable electronic card systems and production methods and do today offer unparalleled technical design and manufacturing support for card developers, manufacturers and processors with card solutions including scalable security levels and cards that work in the existing infrastructure making implementation cost affordable for end users. 

For more information, please visit www.cardlab.com

About TBSP:

TBSP has consistently developed new products using modern technology over the last 30 years. The company is one of the most advanced and distinguished in Thailand, winning customers' confidence for its security products as well as its accountability in the public interest for both environmental protection and good governance. As part of this TBSP has won several recognition such as:

• Certified VISA, MASTER CARD, JCB, CUP manufacturer. 
• Approved Postage Stamp producer. 
• The first printer in Thailand to receive ISO 14001. 
• The first printer in Thailand to receive ICT CEN Workshop Agreements (CWAs) 14641:2009 from Europe for High Security Printing and Stamp Printing. 
• The first printer in Thailand to receive ISO/IEC 27001:2005 Information Security Management System of all departments and Thai British Post Co., Ltd as a subsidiary from Bureau Veritas 
• The first company in Thailand to join UN Global Compact

 For more information, please visit www.tbsp.co.th     

INFORMATION:

CEO, Frank Sandeløv                                                                                                                                                               Phone: +45 20 32 66 80, E-mail: info@cardlab.com, 

CardLab Innovation ApS                                                                                                                                                          Hoerkaer 14, 2730 Herlev, Denmark                                                                                                                                  Phone: +45 31 55 49 94  

CardLab press release 4th January 2018

CardLab most innovative and secure cards at CES, Las Vegas

Billions of USD and working hours are lost every year, with numbers rapidly increasing, as fraudsters become more active and skilled at hacking, card skimming, electronics pickpocketing and identity theft. Life is getting easier for fraudsters and hackers with the appearance of contactless cards and the IOT world with millions of unsecured devices. During the last 12 months, almost 1 billion accounts have been hacked leading to loss of critical financial and private data. 

CardLab's mission is to eliminate fraud and identity theft and it is possible now using our card solutions. Card theft and abuse of cards, can be stopped by using our biometric fingerprint sensor on the cards. It allows only the true cardholder to open and use the card. 

No more hackable biometric databases, as all biometric data is stored in the card to verify the true cardholder. The card is registered and the data tokenized or made as a full cryptogram. This makes card skimming and copying of transactions worthless. CardLab ensure, by the biometric card, the unique ID and at the same time full privacy protection; No other solution provides the same level of convenience, security and hacker protection. This makes secure E-commerce, E-banking, E-government and unique ID possibly without compromising protection of the cardholders ID. 

As a world leading technology supplier of microelectronics for Smart cards, we are happy to present a broad range of technologies that can eliminate card fraud, online fraud and card skimming. 

Our different card types is described in details at our website - www.cardlab.com 

Today people have multiple cards including a lot of gift cards, loyalty cards, coupons etc. that often are left at home in the drawer and are not available when needed - causing the loss of point, rebates etc. Many people also know how it is to have a card blocked due to fraud and to wait for days to get a new card. 

The "Connected Card" platform solves both issues as it allows you to store all your cards, coupons and other promotional material in your App and have it available at all times, still with the bank level security. 

The combination of App and "Connected Card" also allows instant replacement of closed cards by sending virtual cards to the App, which turns into a physical card by help of the Connected Card communicating with the App. Card replacement, goes from days to minutes without any problems. 

About CardLab 

CardLab is a world leading technology provider to the powered smart card industry having developed and commercialized ISO 7810 compliant secure card products including: 

· Full "System on Card" biometric authentication based on Fingerprints™ FPC1080A swipe scanner and FPC1321 T-Shape™ touch sensor 

· Tokenized dual track dynamic magstripe cards 

· Communication controlled RFID cards (Jammer & MuteCards) 

· "All In One" card solution platform and other card solutions customized to customer specifications. Adapted to three key areas; payment, access control and ID cards. 

CardLab has a strong development and customization team in Copenhagen, Denmark, manufacturing partners in China and Thailand, own dynamic magstripe factory in China and card lamination factory in Thailand. In collaboration with industry leading partners and suppliers, CardLab has developed sustainable electronic card systems and production methods and do today offer unparalleled technical design and manufacturing support for card developers, manufacturers and processors. CardLab offers card solutions with scalable security levels and cards that work in the existing infrastructure, making implementation cost affordable for system integrators and end users. 

CARDLAB PRODUCTS ON DISPLAY: 

Biometric card with fingerprint sensor and dynamic OTP & CVV:

• Secure online banking, trading & E-government
• Unique Block Chain user ID
• Unique simultaneous ID and privacy protection GDPR compliance made easy with unique identification and identity protection. 

RFID Jammer cards:

• Protection against card skimming
• Protection against electronic pickpocketing
• Unique skimming protected ID cards 

Efficient GDPR compliance and identity protection card

'All in One’ Connected Card solution:
• Creating a strong customer loyalty platform
• Use of virtual cards in physical terminals
• Instant issuance of replacement cards /no costs
Customer convenient card and effective fraud detection tool. 

RFID protection MuteCard:

• Multiple contactless cards skimming protection
• Personal RFID data protection
• RFID field detection card
Efficient & unique skimming protection card.

Different card solutions provide different levels of security scalable to the customers' exact needs, but common for all cards is that the cardholder has full control of the card usage.

To see and learn more about what is available of new and innovative card solutions we welcome visitors at our booth at CES in the Smart Cities Hall - European Smart Tech Booth (1519) Tech East, Westgate, Las Vegas January 09th - 12th 2018. 

For further information: 

CEO, Frank Sandeløv Phone: +45 20 32 66 80

E-mail: info@cardlab.com

CardLab Innovation ApS
Hoerkaer 14, 2730, Herlev, Denmark

Phone: +45 31 55 49 94

CardLab Newsletter 24th November 2017 

 World Class identity protection released. 

CardLab do today have the pleasure to announce the release of its world Class MuteCard that
provides unique protection against skimming of contactless cards and thereby effectively stops
identity theft and fraudsters taking illegitimate payments from your card.

 Contactless technology is becoming more and more popular for all kinds of use. The contactless communication is known as RFID and today it can be found in: 

Data on these cards is fully open giving fraudsters the opportunity to skim the data and get a copy of your personal data stored or initiate false payments by handheld contactless readers. We see this type of fraud on a sharp rise giving a growing public concern regarding fraud and identity theft.

PRESS RELEASE 29th September 6:00 am CET

Fingerprints™ new unique sensor in CardLab cards.

The increasing card fraud and fear of identity theft has given CardLab ApS. an increasing demand for biometric card solutions from banks and public authorities and CardLab is now pleased to announce that we will be using Fingerprints™ latest T-Shape™ module in our biometric card reference design.

CardLab was in February 2017 granted support from the EU Commission under the Horizon 2020 program, with the scope to embed a fingerprint sensor solution in all card types to enhance security for E-banking, E-commerce, E-government, payment, access and ID card solutions. The card solutions CardLab has prepared under this program are compliant with the new data protection regulations and do fully protect the personal identity as biometric data are stored in the card only and not in databases. Such solution does require use of reliable high security sensors and Cardlab has therefore decided to continue the use of technology and sensors from Fingerprints™ for this project, as they over the years have proven to be second to none in consistency, power consumption and reliability. 

“We are pleased to work with Fingerprints™ as they have been very perceptive to CardLab input in their work towards developing a sensor that can be easily embedded in volume production. It has been a very fruitful journey in where we have found Fingerprint very dedicated to their work and at the same time very receptive to CardLab’s requirements and the experiences acquired over more than a decade working with ultrathin electronics inside ID-1 standard cards. Fingerprints™ new unique T-Shape™ sensor and CardLab experience and knowhow in designing Powered Cards is a perfect combination and will benefit not just CardLab but the Card sector in general now being able to integrate another layer of security in volume production” said Frank Sandelöv, CEO Cardlab Aps

CardLab has since 2006 used Fingerprints™ sensors for card solutions and the knowhow derived from this work creating a CardLab FPC1080A module design has contributed in making a sustainable fingerprint sensor module design, possible to embed using standard card industry embedding equipment. Cardlab are therefore pleased to see that the T-Shape™ sensor is adapted to this process. These products make it possible for any card manufacturer to embed the module that is designed to withstand the rough test criteria valid for payment cards. It can as a standard solution be connected to the thin flexible electronic inlay in the card and thereby make any card solution a fully biometrically secured card.

 “That CardLab has chosen to use our T-Shape™ module in their reference design is an evidence that the T-Shape™ sensor fits the market requirements and we are pleased to work together. This is a proof of our efforts meeting not only the demands of production processes but also demands in terms of security and ease of use.” Said Thomas Rex SVP Business Line Smart Cards at Fingerprints

CardLab has for years designed and manufactured ultrathin, flexible electronic inlay as an integrated part of electronic payment cards, access cards and ID cards. Any customer wanting to use the Fingerprints™ sensor solution in ISO 7810 standard cards may acquire support from CardLab on card & inlay design, inlay manufacturing, card lamination and support on embedding processes of the fingerprint sensor or any other embedded elements.

About CardLab

CardLab is a world leading technology provider to the powered smart card industry and is a company developing and commercializing ISO 7810 compliant secure card products including:

• Full “System on Card” biometric authentication based on Fingerprints™ FPC1080A swipe scanner and FPC1321 T-Shape™ touch sensor, 
• tokenized dual track dynamic magstripe cards, 
• communication controlled RFID cards (Jammer & MuteCards), 
• “All In One” card solution platform and other card solutions customized to customer specifications. adapted to three key areas; payment, access control and ID cards. 

CardLab has a strong development and customization team in Copenhagen, Denmark, manufacturing partners in China and Thailand, own dynamic magstripe factory in China and card lamination factory just opened in Thailand. In collaboration with industry leading partners and suppliers, has CardLab developed sustainable electronic card systems and production methods and do today offer unparalleled technical design and manufacturing support for card developers, manufacturers and processors with card solutions including scalable security levels and cards that work in the existing infrastructure making implementation cost affordable for end users. For more information, please visit www.cardlab.com

About Fingerprint Cards AB (publ)

Fingerprint Cards AB, Fingerprints, with its Swedish roots, is the leading global biometrics company, whose mission is to spearhead the development of biometric interaction that facilitates the convenience and integrity of the individual. Its value is proven daily by users in millions of devices, through billions of touches, who are their own key – quite simply, with a human touch. Fingerprints develops biometric systems comprising sensors, algorithms, software and packaging technologies. The success is based on product development at the cutting edge of technology, which results in world-leading products in terms of security, convenience and performance. The current product range consists largely of fingerprint sensors and customers are primarily manufacturers of smartphones and tablets, where the company is market leading. As the use of biometric solutions increases, Fingerprints is working to broaden its offering by using different biometric techniques, or modalities, and to identify other market segments where the solutions can be used, such as smart cards, PCs, automotive and online devices (IoT). The Fingerprints share is listed on Nasdaq Stockholm (FING B). The company has shown strong growth and sales totaled SEK 6,638 M in 2016, with an operating margin of 39 percent. Most of the more than 500 employees work in Sweden, but the company has offices worldwide, from Shanghai to Silicon Valley.

For further information, please contact:

Frank Sandeløv
CEO

Hørkær 14, 1.
DK - 2730 Herlev
Denmark
Web: www.cardlab.com
Tel.:  +45 31 55 49 94
Cell.: +45 20 32 66 80
Mail: fs@cardlab.com

CardLab Newsletter 10th September 2017 

CardLab first delivery from Thailand factory 

CardLab is today proud to announce that the fulfilment of an order of 1.6 million card prelams to an undisclosed APAC customer has been completed with a very high yield rate.

This delivery marks an important milestone in CardLab history and confirms the newly established factory now is ready to take on larger production volumes on a constant basis.

The factory has been established to facilitate the increasing demand for lamination of cards containing very complex electronic circuits and with the completed production the whole quality system of the factory has been tested and found up to the expected standard. It is therefore natural that the factory now continues to laminate more and more complex CardLab card designs to reach a capacity of 1 million complex cards per months within the next 3 months.

At the same time are further production orders being negotiated and the next special production of a 10,000 batch of cards has started and an additional order for more than 3 million cards to be delivered within the next 9 months is under negotiation. So even the primary task of the factory is to deliver also small batches of complex cards at a high quality to CardLab we now see other customers becoming aware of having the possibility to have complex cards laminated or delivered as prelams at high quality and high production yield.

By establishing the factory CardLab has now reached a point where we are becoming independent of partner factories and can start to ramp up production of complex card solutions to our customers. It also means we are happy to announce that excess production capacity can be offered customers on ad hoc basis as well as card development and supply of prelams to other card manufacturers.

CardLab Newsletter 17th February 2017

CardLab acquires Stratos Connected Card Platform.

CardLab Innovation ApS is pleased to announce that it recently acquired the Stratos Connected Card Platform. 

CardLab is a Danish, world-leading technology provider of microelectronics to the powered card industry. CardLab worked closely with Stratos between 2012 and 2015 to develop and mass-produce the Stratos Connected Card - the world’s first and most advanced card-based payment solution.  

CardLab has firsthand knowledge of the challenges Stratos and its competitors faced as early entrants into a dynamic and competitive payments landscape. Nevertheless, CardLab sees a bright future for the Connected Card. "The Connected Card brings together the best of mobile payment with the convenience, broad acceptance and brand related advantages of a physical card," said Frank Sandeløv, CEO CardLab.

CardLab plans to roll out a White Label Connected Card program in Q3, 2017. According to Aaron Williams, AVP of Information Technology at Commonwealth National Bank (CNB), “Mobile payment has not lived up to its promise. We feel the Connected Card offers CNB a powerful opportunity to increase brand awareness and build inroads with millennial customers.”

In addition, CardLab will be exploring avenues to resume Stratos’ popular membership program in the US and internationally. Updates related to the membership program will be posted at CardLabCards.com.

For More Information Contact:

• Frank Sandeløv, CEO CardLab
• Email: fs@cardlab.com
• Phone: +45 20326680

WORRY-LESS PAYMENTS WITH BIOMETRIC SMARTNESS

Fingerprint AB to put more emphasis on Smart Cards with its biometric solutions

CardLab to produce solution to growing international concern with ample credit card abuse

CardLab, a smaller high-tech company backed by several large investor groups, just launched a new and highly secure credit card. The new technology embedded in the card is also usable with passports and other documents holding personal information vulnerable to criminal infringement. 

The new card makes a sophisticated answer to growing international concern with huge increases in cyber crimes such as credit card fraud and ID theft. Within these areas of criminal activity, it has become increasingly easy and cheap for perpetrators to compromise safety and access personal information from millions of people across the globe, causing not only invasion of privacy but also huge financial losses.

Developed in cooperation with the Danish IT-firm, Quardlock, CardLab has already signed contracts for future delivery of the new smart card to financial institutions in Houston, London and Dubai.

Being a so called smart card, this new invention in credit cards uses biometric one time passwords, a brand new and patented technology. The card will only work after first having read and verified the fingerprint of the card owner. Shown in a miniature display, the card then generates encrypted one time passwords for each transaction; thus creating a unique and unprecedented level of card security. 

This double safety feature will put a halt to the vast abuse of CVC-codes (the three digit number shown on the back of all financial cards), since it is only the rightful owner of the card who can activate and make use of the card. At the same time, the cards’ patented password technology, called OTP, is designed to be used with existing readers and terminals, making it a true alternative to today’s credit cards. Present card technology has proven easy to copy and steal and the OTP card delivers a realistic, and at the same time convenient answer.  

The OTP card works in connection with specialized backbone servers, designed to recognize each card and its unique one time passwords only in combination with the card holders’ fingerprint. Since the card offers no display of personal information, this CardLab technology poses no value to criminals, whatsoever.

The development and future additional market launch is supported by “Markedsmodningsfonden” (a Danish public funding agency) and presents a viable solution to the vast rise in criminal abuse of credit cards and passports, as well as problems with secure access control, e-government and ID theft. All of these problems, causing financial losses in the billions, can be solved without having to change the infrastructure behind present card systems.

• Within the past years, several large companies, such as Home Depot, Target and Apples’ I-cloud have been targeted by hackers; resulting in millions of thefts of personal information, CardLab CEO Frank Sandeløv said Thursday.
• All of this information has become so inexpensive and easily accessible for even the rather unskilled hacker, that we now experience an alarming need for more secure card systems, he added.

For more information on the new biometric reader card; the OTP card, please contact CardLab CEO, Frank Sandeløv, phone +45 3155 4994 or send an email to fs@cardlab.com