Tag Systems - Experts & Thought Leaders

Money Carer, a UK-based national social enterprise focused on providing secure money management services for vulnerable people, has partnered with global card manufacturer Tag Systems and biometrics company Fingerprint Cards AB (Fingerprints™). The companies have created and launched a biometric-enabled ‘carer card’, addressing barriers that have traditionally restricted vulnerable people in the UK from accessing financial services. Carer card In 2010, Money Carer invented and launched the first ‘carer card’, a secure shopping card solution that enables carers to make purchases for those they care for. The card system has since evolved, offering balance limits, a sweep system, free ATM withdrawals, and spending controls.  The Money Carer Card supports hundreds of care providers and thousands of individual carers across the UK and is also used by many local authorities and law firms who are responsible for managing the finances of their vulnerable clients. PIN for authentication Vulnerable cardholders, or their carers, no longer need to remember and enter a PIN Before incorporating Fingerprints’ technology, the Money Carer Card relied on the PIN as a means of authentication. Vulnerable cardholders, or their carers, no longer need to remember and enter a PIN to make a payment. They simply place their selected thumb or finger on the sensor and tap to make the payment at the point of sale. This simultaneously simplifies the checkout process while enhancing security. Inclusivity and autonomy Sean Tyrer, CEO of Money Carer, comments, “At Money Carer, we are committed to promoting inclusivity and autonomy." "For many of our clients, especially those with memory or visual impairments, the PIN on a payment card is a barrier that restricts financial inclusivity. With biometrics, our clients will never have to remember or input a PIN again, opening doors to financial autonomy that were previously closed.” T-Shape® (T2) sensor module BCaaS allows Money Carer to issue the next generation of cards seamlessly The next-generation carer cards come from Tag Systems, which incorporate Fingerprints’ second-generation T-Shape® (T2) sensor module, software platform, and algorithm. Tag’s unique Biometric Card as a Service (BCaaS) offering which includes payment processing, allows Money Carer to issue the next generation of cards seamlessly. The cards will be available soon through the Money Carer website and app. For each account with Money Carer, up to five biometrics-enabled cards can be issued.  Simple authentication Adam Philpott, CEO of Fingerprints, comments, “Our primary objective at Fingerprints has always been to make strong authentication simple." "We’re extremely proud to be part of a project directly addressing barriers that have traditionally restricted vulnerable people from accessing financial services. This is a perfect example of how technology can be used to drive inclusivity.” 

Global card manufacturer - Tag Systems (part of AUSTRIACARD Holdings AG) has achieved Mastercard certification for its biometric card based on Fingerprint Cards’ sensor and STMicroelectronics STPay-Topaz-Bio solution. Banks and fintechs can issue Mastercard-branded biometric payment cards to enhance convenience and security for cardholders. Differentiate, retain, and acquire Roger Carrico, Vice President, Head of Sales & Business Development, Payment & Access at Fingerprints comments, “In Tag Systems we have a partner that likes to lead the way with high-end payment services. Banks and fintechs can take advantage of the opportunity to differentiate, retain, and acquire customers and drive revenues.” Top-of-wallet biometric cards The cards will contain Fingerprints' second-generation T-Shape® (T2) sensor module, software platform, and algorithm Jon Neeraas, CEO at Tag Systems adds, “With this certification, we are excited to support our partners in issuing top-of-wallet biometric cards that utilise Fingerprints and ST's latest technologies. Together, we are creating convenient, hygienic, and secure transactions for all purchases.” Following a partnership agreement in 2022, the cards will contain Fingerprints' second-generation T-Shape® (T2) sensor module, software platform, and algorithm. Privacy layers and advanced encryption The sensors deliver increased image quality and processing speed with improved power efficiency for biometric cards. The sensor module also features additional privacy layers and advanced encryption to further enhance card security. This will combine with Tag Systems’ extensive payment card solutions and services, based on STMicroelectronics STPAY-Topaz-Bio.