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Technology Stocks : Identix (IDNX)
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To: David who wrote (7046)3/7/1998 11:47:00 PM
From: David  Read Replies (3) of 26039
 
Here's a real interesting link connecting IDX with Mastercard and Microsoft (via VeriFone):

tao.ca

"A company called VeriFone is creating an adaptable point-of- sale payment system
that incorporates biometric identification (digital fingerprinting) and credit card-type
transaction. The company that made this particular "swipe and press" fingerscanning
system is called Identix, and it has an agreement with VeriFone to develop the system
for use in electronic commerce. Identix is currently the only company with FBI
approval for fingerprint technology. VeriFone has agreements with Mondex and
MasterCard to design the applications and point-of-sale technology for use over the
phone. VeriFone is working with Oracle, the leading database development company;
Oracle is a company whose databases contain more than half the world's known
information. VeriFone also has an agreement with Microsoft for Internet e-commerce
development, including biometric identification, and corporate intranet systems. It is the
goal of all of these corporations to seamlessly integrate databases, biometric
information on individuals and finance, and international telecommunications. The
competition for global standards is so concentrated that the system has an inevitable
tendency to centralize."

By the way, as the link notes, Mastercard did take a controlling interest in Mondex.
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