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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.

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

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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