SecurityWorldMarket

19/05/2019

Zwipe partners to launch biometric payment card in Europe

Oslo, Norway

Tag Systems is the primary card manufacturing partner for a large number of financial institutions based in Northern Europe.

Biometric technology company Zwipe and Tag Systems Group, a leading European card manufacturer have announced a partnership to launch a commercial biometric payment card offering that will include a secure at-home enrolment solution.

Tag Systems is the primary card manufacturing partner for a large number of financial institutions based in Northern Europe and is a leading provider of a multitude of products for the major European based challenger banks that have seen rapid growth in the last 18 months.

Commenting on this major development in the growing biometric payment card marketplace Jon Neeraas, CEO of Tag Systems, said “we are excited to launch this partnership with Zwipe leveraging their expertise and intellectual property in this emerging product vertical” adding “we work with some of the world’s largest and fastest growing challenger banks and see their capability to launch new products in high volume, we believe financial institutions can embrace this biometric payment card technology and successfully scale up.”

Tag Systems’ subsidiaries throughout Europe including Tagnitecrest in the UK, will support the commercialisation of the solution by integrating Zwipe’s proprietary biometric technology platform by utilising their expertise in card manufacturing, personalisation and fulfillment services.

Speaking on this partnership André Løvestam, CEO of Zwipe, said “Tag Systems is one of most prominent card manufacturers in the Nordics and a first mover and leading supplier to European challenger banks. I am confident that this collaboration will further strengthen Zwipe’s position in the growing biometric payment marketplace.”


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