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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: R. Jaynes who wrote (6700)	2/15/1998 5:50:00 PM
From: jean	Respond to of 26039

Item of interest from the Yahoo Board. Jean Subj: GSA schedule By: wwise99 Date: Feb 15 1998 6:28 A.M PST Reply To: Msg. 68 by sduke18 I believe identix is the only biometric listed in the GSA catalogue. Now check www.fcw.com/pub/fcw/1998/0202fcw-card-2-2-1998.html recap gov is ahead of commercial sector in area smartcards comming soon 6 banks compete to supply various neeed of gov agencies will see add on data sevices pkg covering mgm info reports and even security and identification features. I wonder what the fraud figures might be on the gov's credit cards...

To: R. Jaynes who wrote (6700)	2/15/1998 8:06:00 PM
From: brad greene	Read Replies (1) \| Respond to of 26039

R.Jaynes, Here is the most interesting paragraph from the first Red Herrings article.....I believe this is the reason we own IDX. Biometrics is longing for a blueprint. One successful company could lay down a track that guides the industry out of its rut. One unmitigated success could catapult biometrics directly into the mainstream. But when that will finally happen, and who will lead the charge, is still a long way from being resolved. Also......The IDX technology is such that exact duplicates submitted a second time will not work. The pattern must change each time, or the system will recognize the "identity theft"........somewhat like the fact that a finger without bloodflow pulsation will not work. Very few reporters know enough about the technology. Banks have a keen interest in print identification. They really want their customers to bank at home over the computer network. If people are going to be moving large amounts of money around......the banks need to make sure it is the authorized individual that is doing the moving. The fingerprint will work in court, so that will be the method. Banks have cut costs over the last 10 years by getting their customers to use ATMs instead of talking to tellers. Productivity gains have come from the lowering "cost per transaction".....Almost all of it from technology. Total at-home electronic banking is just the next logical step. The bank will make more money from customers who never come to the bank. The announcement by the California Bankers Association is a step in the direction of calming the privacy concerns they know will be a factor going forward......Identix equipment was designed and will now be marketed as the solution that calms the same privacy concerns. bg