Dennis, just thought that I would repost this post from last year reference Mastercard and fingerprinting. It would appear that Identix is not in on the Mastercard deal at this point.
To: Dennis Shiley (40 )
From: Brian Malloy
May 27 1996 4:25PM EST
Reply #41 of 226
Adding a post here, doesn't deal with IDX per say. There has been talk on various biometric ID boards the past few weeks about Mastercard and Fingerprints.
There is a little article entitled Let your finger do the charging in the June 3, 1996 edition of Business Week, p.123. Some of the highlights:
a. Paraphrase: [The approach developed by Identicator Technology Corp. in San Bruno, CA was selected by Mastercard.]
b. Quote: [Credit Card Companies lost about $1.3 billion last year as a result of fraud, according to estimates by MasterCard International Inc. But the Purchase (NY) company in June will begin testing a "smart card" that could eliminate 80% of bogus charges, says Joel S. Lisker, MasterCard's senior vice-president for security. Only mail and phone orders would remain vulnerable.]
c. Quote: [If tests show the concept works as expected, card readers in stores and banks would have to be outfitted with a pad that scans a cardholder's fingertip and compares the number it gets with the number in the card. These might cost only $20 each in bulk. And they would end the need for card users to remember a personal ID number. Says Lisker: "The only thing to remember is which finger you 'enrolled,' "or had scanned, when you applied for your smart card.] |
