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Aveso and DZ Card to Introduce World's First Hot Laminated One-time Password Display Card
Low Cost, High Volume OTP Cards To Help Accelerate
Adoption of Mass Consumer Two-Factor Authentication
Minneapolis, MN and Bangkok, Thailand, May 15, 2008 – dz card (www.dzcard.com), a leading Visa and MasterCard certified card manufacturer in Asia, and Aveso, Inc. (www.avesodisplays.com), the leader in hot laminated flexible displays, today announced they have partnered to introduce the world's first electronic display card produced using hot lamination, the same process used to manufacture >95% of the world's payment cards today. The announcement signals a breakthrough in the industrialization of a new generation of card products that will deliver greater security and convenience to consumers.
Under the partnership, dz card will be the first global card manufacturer to offer a display card featuring Aveso’s display embedded together with a battery, circuit and microprocessor. The first display card product offered by dz card is a one-time password (OTP) credential in a convenient credit card form factor. The OTP cards, to be sold by dz card to security and authentication providers worldwide, will be available in high volume quantities in the third quarter of 2008.
"Demand for OTP cards is growing rapidly as banks and online brands look to offer convenient and cost effective two-factor authentication to consumers. Protecting consumers online is absolutely essential as the problems of identity theft and online fraud continue to worsen around the world," said Dennis Brestovansky, President and CEO of Aveso, Inc. "We are delighted to be working with dz card to deliver display card products that meet the price, reliability and volumes the market desperately needs."
OTP cards are expected to rapidly displace bulky tokens used to generate secure passwords for online transactions, based on strong consumer preference and low cost of issuance. Aveso’s durable displays withstand standard global card manufacturing processes, allowing OTP cards to be scaled quickly to high volume and produced in the market in which they are sold, reducing shipping costs and import duties on the finished product.
About Aveso, Inc.
About Aveso, Inc.
Aveso is the leading provider of flexible displays suitable for high-volume, cost-sensitive, mass-consumer applications. Integrated into products such as credit cards, product packaging and medical diagnostics, Aveso’s displays provide immediate access to relevant and useful data, delivering unprecedented levels of safety, security and convenience.
About dz card
The dz card group was founded by Jørgen Schmidt in 1971. Leveraging a heritage of secure printing, dz card today supplies more than 500 million plastic cards annually to customers around the world. The group is internationally renowned as a leading manufacturer of a variety of plastic cards and has a global reputation for premium quality, excellent customer service and fast delivery. Owner, Founder, Chairman and CEO Jørgen Schmidt heads the dz card group of companies from the Group Headquarters in Bangkok, Thailand. For more information, please visit www.dzcard.com.
Aveso, Primero and the Aveso logo are trademarks of Aveso, Inc.
All other trademarks herein are the property of their respective owners.
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