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April 6, 2020

Banking platform Curve launches numberless investor cards

By Evie Rusman

Banking platform Curve has launched numberless cards, becoming one of the first companies in Europe to do so.

Investors from Curve’s recent crowdfunding round will be amongst the first in Europe to receive the card.

In most cases, primary account numbers (PAN) appear on the front or back of customer bank cards. For its new card, Curve has removed PAN numbers, and instead customers will access the details in the bank’s app.

Nathalie Oestmann, Curve’s Chief Operating Officer, said: “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.

“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.  We are delighted that Curve is one of the first companies in the world to bring this unique technology to market.”

Curve was founded in 2016 and consolidates multiple cards and accounts into one smart card and app.

Using the investor cards

The new investor cards still work with chip and pin machines or contactless technology as all the data is stored in the card’s chip.

Customers that have received the card can copy and paste the number directly from the Curve app. Curve’s aim is to provide an extra layer of security as the information is stored behind a pin number or biometric technology in the Curve app, rather than on the card itself.

Last September, Curve raised £4m on Crowdtube, exceeding its initial target of £1m in just under five minutes. It closed out the round at just under £6M from over 9000 investors.

Furthermore, in December 2019, Curve partnered with Garmin, Fitbit and Sony’s Wena Pay to enable customers to make payments using wearables.

 

 

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