The long number sequence at the front of credit cards are numbered if UK-based FinTech Curve’s latest offering catches on.
The company has so far made a name for itself as a developer of a banking platform that consolidates multiple cards and accounts into one smart card and app. Now it is ntroducing a new feature: numberless cards. Curve will first roll out the card to the investors who backed the FinTech’s £6m crowdfunding campaign in September 2019.
It argued that the primary account number, or PAN, which is often printed on the front or back of payment cards are obsolete relics of a bygone era as the digitisation of payments have put most of the tech inside cards’ chips.
“PAN-less technology is the future for all payment cards and we are truly very proud that Curve’s crowdfunding investors will be among the first in Europe to benefit from the technology,” said Nathalie Oestmann, COO of Curve.
That’s why Curve has now introduced numberless cards for investors. The PAN number is still available, but inside the company’s app. Curve argued that the this provides an additional layer of security as the info is only accessible via a pin or a biometric scan.
“Not only are these new investor cards more secure and easier to use, but the clean, de-cluttered and minimalist design is something we feel our investors are going to be very happy with,” continued Oestmann. “We are delighted that Curve is one of the first companies in the world to bring this unique technology to market.”
The news comes after the British all-cards-in-one solution provider announced in February that it was opening its first US-based office ahead of its planned US launch later this year.
The office is based in Brooklyn, New York, which is reportedly part of the FinTech company’s plan to create 184 new jobs in the next five years
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