CardLab acquires Stratos Connected Card Platform

By | February 17, 2017

February 17, 2017

CardLab Innovation ApS is pleased to announce that it recently acquired the Stratos Connected Card Platform. 

CardLab is a Danish, world-leading technology provider of microelectronics to the powered card industry. CardLab worked closely with Stratos between 2012 and 2015 to develop and mass-produce the Stratos Connected Card – the world’s first and most advanced card-based payment solution.  

CardLab has firsthand knowledge of the challenges Stratos and its competitors faced as early entrants into a dynamic and competitive payments landscape. Nevertheless, CardLab sees a bright future for the Connected Card. “The Connected Card brings together the best of mobile payment with the convenience, broad acceptance and brand related advantages of a physical card,” said Frank Sandeløv, CEO CardLab.

CardLab plans to roll out a White Label Connected Card program in Q3, 2017. According to Aaron Williams, AVP of Information Technology at Commonwealth National Bank (CNB), “Mobile payment has not lived up to its promise. We feel the Connected Card offers CNB a powerful opportunity to increase brand awareness and build inroads with millennial customers.”

In addition, CardLab will be exploring avenues to resume Stratos’ popular membership program in the US and internationally. Updates related to the membership program will be posted at CardLabCards.com.

For More Information Contact:

Source: CardLab