Inteligensa Group, a Latin American
manufacturer of intelligent card-based solutions for financial
applications, and Innovative Card Technologies, Inc.,
developers of the ICT DisplayCard for e-banking, e-commerce and data
access authentication, has announce that Inteligensa has become a Gold
level reseller of the ICT DisplayCard. Effective immediately,
Inteligensa will offer the ICT DisplayCard – the market’s most
convenient form factor for one-time passcode authentication – to its
150-200 client financial institutions.
Inteligensa has regional branches in Brazil, Mexico, Colombia and
Venezuela, and sells 180 million cards annually, or 35% of all bank
cards in Latin America.
“Internet banking transactions and online purchasing must provide the
user with full confidence and trust. The InCard DisplayCard is a
portable authentication solution that will revolutionize the security in
these transactions by assuring the identity of the user,” said Venanzio
Cipollitti, President of Grupo Inteligensa. “Its credit card form factor
is very convenient, and the Latin American market will highly appreciate
this innovation. InCard’s expertise guarantees the quality of these
products.” Added Eduardo Cestone, Authentication Product Manager of
Inteligensa, “We are eager to introduce this new product to our clients,
and have lined up several banks to run test pilots.”
The ICT DisplayCard integrates the security of a one-time password token
directly into a card the size of a standard credit or debit card. At the
push of a button on the back of the card, a one-time password is shown
on the card’s integrated display. During an online transaction, this
number is entered into a user interface with other information (such as
the user’s static PIN and login name) for multifactor authentication.
The information is then sent to an authentication server to verify the
identity of the user.
“As an influential supplier of smart cards and authentication systems in
Latin America, Inteligensa is a welcome link in InCard’s partner
network,” said John A. Ward, III, InCard Technologies’ Chairman and CEO.
“The ICT DisplayCard is an elegant solution to the global problem of
online banking fraud, which is especially prevalent in Latin America. We
look forward to working with Inteligensa to provide a convenient
authentication solution to protect consumer data, and we applaud their
adoption of this cutting-edge technology.”
The Inteligensa Group is a leader in providing payment systems and
authentication solutions to large scale businesses in Latin America.
Since 1987, Inteligensa has provided banking, ID and GSM cards; POS
systems and smart cards; personalization; and authentication products.
Inteligensa has extensive experience with chip personalization in a
secure environment, as well as with RFID and NFC solutions.
About Innovative Card Technologies
InCard Technologies (NASDAQ:INVC) was founded in 1993 to add
functionalities to payment cards. InCard’s suite of ICT DisplayCards
enables dual-factor authentication in a convenient card form. The cards
can be configured to offer RFID physical access or payment capabilities,
and feature a screen powered by an integrated battery, circuit and
switch. This screen displays a one-time password to verify the presence
of the card during online and voice transactions or data systems login.