The European payment card provider Tag Systems has solidified its technology relationship with Zwipe. The two companies first started working together back in 2019 to promote the adoption of biometric cards.
The renewed partnership will expand on those previous efforts. The two companies have come to a go-to-market agreement, under which they will collaborate to market and sell biometric payment cards at scale. Tag, in particular, will promote Zwipe’s Pay ONE solution to card issuers in Europe and the US, and has also placed its own small order for Pay ONE products.
Tag Systems is part of the broader AUSTRIACARD Group, which collectively issues more than 100 million cards on an annual basis. The company’s card offerings have proven to be popular with Europe’s challenger banks, and it recently opened a new card bureau in the United States to extend its reach in North America.
“Our collaboration is now entering the commercial phase where we will scale our businesses through pilots from late summer 2021 and market launches towards the end of the year,” said Zwipe CEO André Løvestam.
“We are excited about the interest we see for our new biometric payment cards built on the Zwipe Pay ONE platform,” added Tag Systems CEO Jon Neeraas. “With increasing interest for these cards from our issuer clients, time is right to expand our collaboration and proactively develop the market and accelerate commercialization.”
Zwipe’s Pay ONE solution features a fingerprint sensor from IDEX Biometrics. The technology is now being featured in biometric card trials all over the world, and has led to partnerships with Vopy, VeriTech, and TietoEVRY (amongst others) as it moves toward commercialization.
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