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To: R. Jaynes who wrote (12969)	4/8/1999 11:30:00 AM
From: David	Read Replies (1) of 26039

Here's an encouraging report on the B of A pilot: "Bank of America . . . has been piloting a biometric smart card on approximately 100 staffers at its San Francisco offices since January. "The smart card testing enables Bank of America to explore two emerging applications at once: stored value and biometric technology. Staff card holders' fingerprints identify them so that they can download e-cash from their checking accounts to make purchases. "The technologies employed in the biometric smart card were developed by BofA's own programmers and Identicator, a biometric technology company. It works by embedding prints on the smart card chip. Before a user can conduct a bank transaction, the chip information is matched to prints input into the computer through a scanner or, eventually, a built-in keyboard device. . . . "While security functions are critical, [Bette] Wasserman [vp, smart card product development] says the potential for increased efficiency is also a motivator; in other words, getting 'in the door (and) on your computer' more swiftly and easily. "So far the testing has produced some positive results. 'We know it works in a limited test environment,' Wasserman says. . . ." This is from Future Banker, April 5, 1999.

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