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Technology Stocks : Identix (IDNX)

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To: jean who wrote (7116)3/13/1998 10:50:00 AM
From: Hockeyfan  Read Replies (1) of 26039
 
Someone else believes -

"Knowing how fast technology evolves and comes down, is it too
hard to imagine five years from now when you do your home banking or
electronic bill payment that you will have [a biometric verification]
machine attached to your system?" asks Greg Wilhelm, the California
Bankers Assocation's director of government relations. "Not for me
it's not.

Key Provisions of the bill -

With that in mind, the bill would make the following into law:
* Biometric data must not be sold, transmitted, exchanged or
provided to third parties, including affiliated companies.
* Access to biometric identifiers must be restricted and secure
from tampering. Procedures must be in place safeguarding them as
tightly as any other confidential information.
* Consumers must be notified of policy before conducting a
transaction involving biometrics.
* When a person's voice is being recorded and collected for use
as a biometric identification, they must be notified.

I believe that this bill highlights some of the attractive features of IDX's pattern recognition algorithm -
- can't reproduce fingerprints from template
- can only be used for 1:1 matching

This is why Randy is so willing to comment on the legislation.
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