Hang in their gang the good news in flowing!
Thursday May 14, 7:31 am Eastern Time
Company Press Release
Bank of Cairo Places Order For 1,000 TouchSafe II Units For Transaction
Authorization
SUNNYVALE, Calif.--(BUSINESS WIRE)--May 14, 1998--Identix Inc. (ASE: IDX
- news), a leader worldwide in live-scan systems and biometric
identification verification systems, Thursday announced that its Bio-ID
Division has been awarded a contract by the Bank of Cairo.
The bank has placed an order for 1,000 TouchSafe(TM) II units, which are
being installed in stages throughout its more than 300-branch network to
replace the traditional password identification method. The bank is
installing verification systems using Identix's TouchSafe II(TM) units
as the fingerprint capture component to verify the identity of employees
who authorize withdrawals, deposits and electronic transfers over a
certain amount. The order was placed and the units were shipped in March
1998.
Identix Chairman, President and Chief Executive Officer Randall C.
Fowler commented: ''The Bank of Cairo joins Colombia's Conavi Bank and
Indonesia's Bank Central Asia as a progressive world banking leader in
the use of biometrics for security and verification. We continue to be
very optimistic about the prospects for Identix biometric ID
technologies in financial services markets, as well as in other
commercial applications.''
Fowler said: ''Bank of Cairo officials determined that such
identification forms as passwords or cards assumed one's identity was
verified, but did not guarantee fraud prevention. Passwords can be
forgotten or 'passed' on to others; cards can be mislaid or stolen.
''The Identix biometric identification devices,'' Fowler continued,
''compare a person's fingertip against a 'template,' or file, previously
created when a person is 'enrolled' in a system, and instantly verifies
an individual's identity. In addition, an irrefutable electronic audit
trail is created indicating exactly which staff member has authorized a
particular transaction.''
Identix Inc. is a leader in designing, developing, manufacturing and
marketing products for the capture and/or comparison of fingerprints for
security, anti-fraud, law enforcement and other applications. The
company's subsidiaries, joint ventures and divisions include
ANADAC/Government Services, a provider of information technology,
engineering, systems integration and consulting services to government
and commercial entities; Sylvan/Identix Fingerprinting Centers, LLC, a
supplier of contract services for employee and applicant screening and
other personal verification applications; Biometric Applications &
Technology; and Identix International, which includes international
selling offices in Europe, Asia, North and South America and Australia. |
