Giesecke & Devrient has joined with Aveso Inc. to produce one-time password tokens and authentication cards.
Aveso, a Minneapolis-based flexible display vendor, will provide its rugged display technology to G&D to produce one-time password generators in a credit card form factor. These devices are being used by to authenticate individuals for access to online information.
Under the partnership, the companies will leverage G&D’s smart card technology and global secure card manufacturing infrastructure to produce high-quality display cards that feature an Aveso display embedded together with a battery, circuit and button in a standard credit card form factor.
“Banks, online brands and security providers worldwide are demanding OTP cards to help protect consumers from Internet fraud and identity theft,” said Dennis Brestovansky, president and CEO of Aveso Inc.