InCard Technologies, Inc. announced the releasing of its new card token product, the ICard, as an alternative to the keyfob tokens. The credit card form factor combined with a web interface allows users one-time passcode (OTP) security in payment or ID card format. Features of the ICard also include challenge-response functionality, and facilitating OTP security within existing systems.
The item is being placed at a competitive price of $3.00 in million-unit quantities and can be combined with any standard payment or ID card. Additionally the ICard can authenticate customer calls to financial institutions which would and eliminate the need for expensive time-consuming security questions over the phone.
While InCard Technologies has already begun marketing the ICard directly to the top financial enterprises in North America, they has plans to manufacture and market its complete line in Europe and South America by the fourth quarter of 2010 and in Asia by the first quarter of 2011.