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QuardCard SIGNED

Powered smart card with a biometric one time password system

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

QuardCard project word cloud

Explore the words cloud of the QuardCard project. It provides you a very rough idea of what is the project "QuardCard" about.

cash versions easily benefit replacing first kept gain conventional demonstration share combined drastically 1st revenues combines credit quardlock payments market physical card encrypted royalties acute ready later completion online 2nd secure owner fingerprint generations utmost receive proposition inside commerce capacity released differentiating rightful compliance joint patent disruptive accurate biometric safe mass certification smes smart password cardlab solutions generate combining banking demonstrating copy manufacturer vision biometrics prototype network companies otp authentication impossible danish fraud entry transactions works technologies clients levels generation data quardcard dynamic security marketable keys holds financial time spread otps license cross replace subsequent withdrawal maximum

Project "QuardCard" data sheet

The following table provides information about the project.

Coordinator	CARDLAB INNOVATION APS Organization address address: HORKAER 14 city: HERLEV postcode: 2730 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	Denmark [DK]
Project website	http://www.quardlock.com
Total cost	2˙565˙769 €
EC max contribution	1˙620˙242 € (63%)
Programme	1. H2020-EU.3.7. (Secure societies - Protecting freedom and security of Europe and its citizens) 2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
Code Call	H2020-SMEINST-2-2016-2017
Funding Scheme	SME-2
Starting year	2017
Duration (year-month-day)	from 2017-02-01 to 2020-07-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	CARDLAB INNOVATION APS CARDLAB INNOVATION APS Organization address address: HORKAER 14 city: HERLEV postcode: 2730 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.	DK (HERLEV)	coordinator	911˙492.00
2	QUARDLOCK APS QUARDLOCK APS Organization address address: OSTRE FAELLEDVEJ 8 city: NORRESUNDBY postcode: 9400 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.	DK (NORRESUNDBY)	participant	708˙750.00

Map

Project objective

CardLab and QuardLock’s joint vision is to bring a disruptive, highly secure smart card (QuardCard) to the financial payments market, which is currently facing major increases in fraud levels. QuardCard combines, for the first time: (i) a smart card (all data is kept inside the card and only encrypted keys are released); (ii) a biometric fingerprint – highly accurate and impossible to copy; and (iii) dynamic one-time-password (OTP), generated by the user's fingerprint. As such, the card only works with the rightful owner’s fingerprint and will improve drastically the security of online and physical transactions.

The card will be marketable in two generations/versions: • 1st generation QuardCard for the generation of OTPs through user’s fingerprint for e-banking authentication and e-commerce transactions; • 2nd generation QuardCard combining generation of OTPs with capacity for physical transactions (card payments or cash withdrawal), replacing the need for a conventional credit card. Due to the certification compliance of the current prototype, both generations will be ready for mass production upon completion of the QuardCard project. However, financial institutions do not easily replace existing solutions by novel technologies. Ensuring and demonstrating a maximum level of user security is a key differentiating factor to gain access to the market. Given QuardCard´s value proposition, combined with the demonstration and certification activities planned for Phase 2, we will be able to enable subsequent market entry. The consortium gathers two Danish SMEs: CardLab (QuardCard manufacturer) has an established network of clients and QuardLock holds the patent and know-how to use biometrics to generate an OTP. Both companies will benefit from the project through a cross-license agreement where each receive a share of QuardCard revenues and royalties.

Later the technologies can be spread out to other user areas where a biometric safe card can be of utmost importance.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "QUARDCARD" project.

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The information about "QUARDCARD" are provided by the European Opendata Portal: CORDIS opendata.