Aveso and DZ Card to Introduce Hot Laminated One-time Password Display Card

dz card (www.dzcard.com), a Visa and MasterCard certified card manufacturer in Asia, and Aveso, Inc. (www.avesodisplays.com), a manufacturer in hot laminated flexible displays, have partnered to introduce the world’s first electronic display card produced using hot lamination, the same process used to manufacture >95% of the world’s payment cards today.

The announcement signals a breakthrough in the industrialization of a new generation of card products that will deliver greater security and convenience to consumers. Under the partnership, dz card will be the first global card manufacturer to offer a display card featuring Aveso’s display embedded together with a battery, circuit and microprocessor.

The first display card product offered by dz card is a one-time password (OTP) credential in a convenient credit card form factor. The OTP cards, to be sold by dz card to security and authentication providers worldwide, will be available in high volume quantities in the third quarter of 2008.

“Demand for OTP cards is growing rapidly as banks and online brands look to offer convenient and cost effective two-factor authentication to consumers. Protecting consumers online is absolutely essential as the problems of identity theft and online fraud continue to worsen around the world,” said Dennis Brestovansky, president and CEO of Aveso, Inc. “We are delighted to be working with dz card to deliver display card products that meet the price, reliability and volumes the market desperately needs.”

OTP cards are expected to rapidly displace bulky tokens used to generate secure passwords for online transactions, based on strong consumer preference and low cost of issuance. Aveso’s durable displays withstand standard global card manufacturing processes, allowing OTP cards to be scaled quickly to high volume and produced in the market in which they are sold, reducing shipping costs and import duties on the finished product.