Project description DEENESFRITPL A solution to payment fraud problems With the expanded use of IoT devices and AI, cybersecurity risks have increased exponentially and made payment services, logical and physical access control, critical infrastructure, government organisation and individuals increasingly vulnerable to cyberattacks. The EU-funded QuardCard project will address this issue by introducing a highly secure "authentication as a service" solution based on a smart card that incorporates biometric fingerprint technology, a dynamic one-time-password generator and a backend authentication system, making it virtually impossible to break the link between the physical and digital identity. The complete solution covers logical and physical access, card payments, digital payments, blockchain/crypto asset authentication, and government and health solutions, among others. Show the project objective Hide the project objective 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. Fields of science engineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringsocial scienceseconomics and businessbusiness and managementcommercee-commercesocial scienceslawcriminologynatural sciencescomputer and information sciencescomputer security Keywords improved security biometric fingerprint credit card e-commerce dynamic authentication financial market one time password online banking payment infrastructure physical transactions Programme(s) H2020-EU.3.7. - Secure societies - Protecting freedom and security of Europe and its citizens Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SMEInst-13-2016-2017 - Engaging SMEs in security research and development Call for proposal H2020-SMEInst-2016-2017 See other projects for this call Sub call H2020-SMEINST-2-2016-2017 Funding Scheme SME-2 - SME instrument phase 2 Coordinator CARDLAB INNOVATION APS Net EU contribution € 911 492,57 Address HORKAER 14 2730 Herlev Denmark See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Danmark Hovedstaden Københavns omegn Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 1 455 938,92 Participants (1) Sort alphabetically Sort by Net EU contribution Expand all Collapse all QUARDLOCK APS Denmark Net EU contribution € 708 750,00 Address OSTRE FAELLEDVEJ 8 9400 Norresundby See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Danmark Nordjylland Nordjylland Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 1 068 625,00
