Under the terms of the agreement, Gemalto has made purchase commitments based on client orders. This arrangement enables Gemalto to shorten delivery lead times for current and future InCard DisplayCard deployments to enterprises and financial institutions.

Gemalto will make custom client-branded InCard DisplayCards a part of its current solution portfolio. The cards are being marketed to large enterprise and financial institutions as dual-factor authenticators for a wide range of data access and customer transactions at multiple points of access (online, ATM, or by phone).

"InCard provides an attractive technology - the OTP in credit card form - that is well adapted for the needs of enterprises and financial institutions. Gemalto provides a wide range of authentication solutions that the InCard DisplayCard form factor technology complements nicely. Gemalto is also providing personalization and fulfillment services to facilitate the deployment of the technology by customers and its adoption by end-users," said Francois Lasnier, Vice President and General Manager of Security for Gemalto North America.

The InCard DisplayCard integrates the security of a one-time passcode (OTP) token directly into a card the size of a standard credit or debit card. At the push of a button on the card, a one-time passcode is shown on its integrated display. During an online transaction, this number is entered into a user interface with other information such as the user's login name and static PIN for multifactor authentication. The InCard DisplayCard is the most advanced product of its kind, having achieved Underwriter's Laboratory (UL) certification for safe consumer distribution.

"We are pleased to expand and strengthen our relationship with Gemalto even further with this latest agreement," said Steven R. Delcarson, CEO and President of Innovative Card Technologies. "The success of their current deployments, and their commitment to monthly purchase quantities based on a rolling forecast, are testament to the strength of customer demand. We look forward to working with Gemalto under these new terms to continue to supply end-users with ultra-portable dual-factor authentication for secure online banking and brokerage transactions worldwide."