Business
Card Tech International Receives First Half of Funding
Card Tech International Receives First Half of Funding.
About this update from Tocca Life Holdings, Inc.
[{"type":"text","content":"Card Tech International is pleased to announce they have received the first half of the funding secured to complete development of the SmartCard Biometric technology.State-of-the-art in the field of biometric smart cards, with a \"system-on-card\" type of fingerprint sensor with a full guarantee of privacy. Developed on the ISO 7810 ID-1\n format, the same as conventional credit cards, it allows for the \nauthentication of the user, increasing the degree of security which is \ntoday entrusted to the simple PIN. PinKey Smart\n\nThe smart card evolves and becomes safer\n\nPinKey\nSmart integrates a fingerprint sensor within it's 0.76 mm thickness, with\nminimum costs and dimensions, it will allow the infallible binomial of payments\nand biometrics. More certainty for the user and compatibility with the existing\ninfrastructure (POS, ATM, smart card readers). With this revolutionary smart card,\nflexible and self-powered, logical and physical access will benefit of a\nsecurity level unbelievable until yesterday.\n\nMarket research points to the SmartCard Market being worth\nalmost $8b USD by 2018, here is part of that research from Transparency Market\nResearch (TMR).\n\nA smart card is usually a plastic card which contains a\nmemory or microprocessor chip embedded in it, which is capable of storing and\ntransmitting data.\n\nSmart cards market can be classified based on the basis of\nthe interface into contact smart cards, contactless smart cards, and hybrid\nsmart cards. Based on its components, there are two types - memory smart cards\nand microprocessors. Smart cards have a wide area of application such as in\ntransportation, telecommunication, for making government IDs, in the financial\nsector and in paid TV services. In addition to these, geographically the market\nis divided into North America, EMEA, Asia-Pacific, and Rest of the world.\n\nThe global smart card market was valued at USD 4.5 billion\nin 2011 and is expected to grow at a CAGR of 7.7%. The market is expected to\nreach USD 7.9 billion by 2018. The telecommunication sector is the largest\nrevenue generator for the smart card market, contributing about 50% of the\nrevenue. Geographically, EMEA is the largest revenue generator for the smart\ncards market on account of technology competence and demand for secured\ntransactions.Card\n Tech International is a com...