Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

Gemalto, Innovative Card Technologies ink deal

Tuesday, July 15, 2008

Innovative Card Technologies Inc., a developer of the InCard DisplayCard for dual authentication for e-banking, e-commerce and secure data access, announced a product procurement agreement with Gemalto.

Under the terms of the agreement, Gemalto has made purchase commitments based on client orders for the InCard DisplayCard, a one-time password generator in a credit card form factor. This arrangement enables Gemalto to shorten delivery lead times for InCard DisplayCard deployments to enterprises and financial institutions.

At the push of a button on the InCard DisplayCard, 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 multi-factor authentication.

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 online, ATM, or by phone. [end] 

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