OSLO, NORWAY - 2 March 2021 -?Tag Systems, a leading provider of payment
cards (and part of AUSTRIACARD Group) has decided to step
up its collaboration with Zwipe on biometric payment cards. The parties have
been working together since 2019 and as the biometric payment
cards marketplace has evolved, they are now stepping up their collaboration to
bring the most advanced new biometric payment cards to issuers in Europe and
North America. Tag Systems also placed a small order for Zwipe Pay ONE.
Since establishing its first card production and personalization facilities in
1999, Tag Systems has grown rapidly and joined forces with AUSTRIACARD Group.
Together the group delivers 100 million payment cards each year across Europe,
the Middle East and the US. While
serving many large European banks, Tag Systems has also grown rapidly in the
challenger bank segment, including the establishment of Tag Nitecrest in the
United Kingdom and expanded reach by opening a US-based card bureau servicing
the North American market.
Speaking on the partnership Jon Neeraas, CEO of Tag Systems, said "After
almost two years of technology partnership, our collaboration with Zwipe has
never been stronger. We are excited about the interest we see
for our new biometric payment cards built on the Zwipe Pay ONE platform,
which delivers the highest level of integration and
performance. With increasing interest for these cards from our issuer clients,
time is right to expand our collaboration and proactively develop the market and
accelerate commercialization".
As part of the new agreement, Tag Systems will proactively promote Zwipe Pay
ONE biometric payment cards towards issuers and partner bureaus in Europe
and the USA. The two parties have also agreed to execute a go-to-market plan to
jointly sell and market these next generation payment cards.
"We are delighted with the renewed and uplifted agreement with Tag Systems, one
of our long-standing partners. This will accelerate activities with issuers
in Europe and the USA. Our collaboration is now entering the commercial phase
where we will scale our businesses through pilots from late summer 2021 and
market launches towards the end of the year. I thank Tag Systems for
their continued trust in Zwipe, and look forward to a mutually rewarding
partnership," said André Løvestam, CEO of Zwipe.
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About Tag Systems
Tag Systems, part of Austria Card Group, is evolving the way the payment
industry moves, by seamless supply of ready-made payment cards throughout all
European countries and more. Our fast-growing Group with more than 900 employees
make sure we deliver high quality products and services to financial
institutions.
Media Contact: Olga Baro, +376 358 321?obaro@tagsystems.net
About Zwipe
Zwipe is pioneering the next generation contactless payments experience,
providing biometric payment cards components and wearables technology that
enable consumers to authorize transactions with their fingerprints without
compromising their privacy. Together with an ecosystem of partners including
global brands within digital security and financial services, Zwipe is "Making
Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions
address the hygiene and data theft pitfalls inherent in traditional
authentication methods. Headquartered in Oslo, Norway, with a global presence,
Zwipe is leading the next great shift in payments from contactless to contact
free. To learn more, visit www.zwipe.com
For further information please contact: André Løvestam, CEO, +47?991 66
135 info@zwipe.com